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8 <br />4854-7635-7637.1 <br />in the form of certificates. In such event, the Bonds will be transferable in accordance with <br />paragraph (e) hereof DTC may determine to discontinue providing its services with respect to the <br />Bonds at any time by giving notice to the City and the Registrar and discharging its responsibilities <br />with respect thereto under applicable law. In such event the Bonds will be transferable in <br />accordance with paragraph (e) hereof. <br /> <br />(d) The execution and delivery of the Representation Letter to DTC by the Authorized <br />Officers, or each individually, if not previously filed with DTC, is hereby authorized and directed. <br /> <br />(e) If any transfer or exchange of Bonds is permitted under paragraph (b) or (c) hereof, <br />such transfer or exchange shall be accomplished upon receipt by the Registrar of the Bonds to be <br />transferred or exchanged and appropriate instruments of transfer to the permitted transferee in <br />accordance with the provisions of this Resolution. If Bonds in the form of certificates are issued <br />to owners other than Cede & Co., its successor as nominee for DTC as owner of all the Bonds, or <br />another securities depository as owner of all the Bonds, the provisions of this Resolution shall also <br />apply to all matters relating thereto, including, without limitation, the printing of such Bonds in <br />the form of bond certificates and the method of payment of principal of and interest on such Bonds <br />in the form of bond certificates. <br /> <br /> <br /> <br />ARTICLE III <br /> <br />FORM OF BONDS <br /> <br />The Bonds, the Registrar’s Authentication Certificate and the form of assignment shall be <br />in substantially the following form: <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF HENNEPIN <br />CITY OF ORONO <br />No. ___ $_________ <br />GENERAL OBLIGATION <br />CAPITAL IMPROVEMENT BOND, <br />SERIES 2021A <br />Interest Rate Maturity Date of Original Issue CUSIP <br /> December ___, 2021 <br /> <br />Registered Owner: Cede & Co. <br />Principal Amount: