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� . 'i <br /> preceding the regular or other interest payment date occurring on the lst day of any month and <br /> 15 days preceding any interest payment date occasioned by the redemption of Bonds on other <br /> than the first day of a month. The principal of or redemption price due on the Bonds shall be <br /> payable in lawful money of the United States of America upon presentation thereof at the <br /> principal corporate trust office of the Paying Agent in Chicago, Illinois, or at a successor Paying <br /> Agent and localiry. <br /> Section S. Global Book-Entry System. The Bonds shall be initially issued in the form <br /> of a separate single fully registered Bond for each of the maturities of the Bonds as provided in <br /> Section 4 hereof, and the ownership of each such Bond shall be registered in the Bond Register <br /> in the name of Cede & Co., or any successor thereto ("Cede"), as nominee of The Depository <br /> Trust Company, New York, New York, and its successors and assiQns ("DTC'). All of the <br /> outstanding Bonds shall be registered in the Bond Register in the name of Cede, as nominee of <br /> DTC, except as hereinafter provided. The Mayor, Treasurer and Clerk of the City are hereby <br /> authorized to execute and deliver on behalf of the City such letters to or agreements with DTC <br /> and the Bond Registrar as shall be necessary to effectuate such book-entry system (any such <br /> letter or agreement being referred to herein as the "Representation Letter"). <br /> With respect to the Bonds registered in the Bond Register in the name of Cede, as <br /> nominee of DTC, the City and the Bond Registrar shall have no responsibility or obligation to <br /> any broker-dealer, bank or other financial institution for which DTC holds Bonds from time to <br /> time as securities depository (each such broker-dealer, bank or other financial institution being <br /> referred to herein as a "DTC Participant") or to any person on behalf of whom such a DTC <br /> Participant holds an interest in the Bonds. Without limiting the immediately preceding <br /> sentence, the City and the Bond Registrar shall have no responsibility or obligation with respect <br /> to (i) the accuracy of the records of DTC, Cede or any DTC Participant with respect to any <br /> -6- <br />