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o-.�- <br /> � . <br /> • o � � <br /> s CITY of ORONO <br /> � -- : � <br /> , ti <br /> ��� �G�' RESOLUTION OF THE CITY COUNCIL <br /> � �kEs80g' N0. � � r� � <br /> respect to the accuracy of any records maintained by DTC or any Participant,with respect to the <br /> payment by DTC or any Participant of any amount with respect to the principal of or interest on <br /> the Bonds,with respect to any notice which is permitted or required to be given to owners of <br /> Bonds under this Resolution,with respect to the selection by DTC or any Participant of any � <br /> person to receive payment in the event of a partial redemption of the Bonds, or with respect to <br /> any consent given or other action taken by DTC as registered owner of the Bonds. The Registrar <br /> shall pay all principal of and interest on the Bonds only to Cede&Co. in accordance with the <br /> Representation Letter, and all such payments shall be valid and effective to fully satisfy and <br /> discharge the City's obligations with respect to the principal of and interest on the Bonds to the <br /> , extent of the sum or sums so paid. No person other than DTC shall receive an authenticated <br /> Bond for each separate stated maturity evidencing the obligation of the City to make payments of <br /> principal and interest. Upon delivery by DTC to the Registrar of written notice to the effect that <br /> DTC has determined to substitute a new nominee in place of Cede &Co., the Bonds will be � <br /> transferable to such new nominee in accordance with subparagraph(fl hereof. <br /> . (c) In the event the City determines that it is in the best interest of the <br /> Beneficial Owners that they be able to obtain Bond certificates,the City may notify DTC and the <br /> Registrar, whereupon DTC shall notify the Participants, of the availability through DTC of Bond <br /> certificates. In such event,the Bonds will be transferable in accordance with subpara�aph(fl <br /> hereof. DTC may determine to discontinue providing its services with respect to the Bonds at <br /> any time by giving notice to the City and the Registrar and discharging its responsibilities with <br /> respect thereto under applicable law. In such event the Bonds will be transferable in accordance <br /> with subparagraph(fl hereof. <br /> (d) Notwithstanding any other provision of this Resolution apparently to the <br /> contrary, so long as any Bond is registered in the name of Cede &Co., as nominee of DTC, all <br /> payments with respect to the principal of and interest on such Bond and all notices with respect <br /> _ to such Bond shall be made and given,respectively,to DTC as provided in the Representation � <br /> Letter. � <br /> (e) The execution and delivery of the Representation Letter to DTC by the . <br /> Mayor or the City Clerk, is hereby ratified and confirmed and the terms of the Representation <br /> Letter are made applicable to the Bonds. The Representation Letter incorporate by reference <br /> certain matters with respect to, among other things,notices, consents and approvals by registered <br /> owners of the Bonds and Beneficial Owners and payments on the Bonds. The Registrar shall <br /> have the same rights with respect to its actions thereunder as it has with respect to its actions <br /> under this Resolution. <br /> • (fl In the event that any transfer or exchange of Bonds is permitted under <br /> subparagraph(b) or(c)hereof, such transfer or exchange shall be accomplished upon receipt by <br /> Page 8 of 12 <br />