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DTC to the Paying AgentlRegistrar of written notice to the effect that DTC has determined to <br />substitute a new nominee in place of Cede & Co., and subject to the provisions in this Ordinance <br />with respect to interest checks being mailed to the Registered Owner at the close of business on the <br />Record date, the words "Cede & Co." in this Ordinance shall refer to such new nominee of DTC. <br />The previous execution and delivery of the Blanket Letter of Representations with respect <br />to obligations of the Issuer is hereby ratified and confirmed; and the provisions thereof shall be fully <br />applicable to the Bonds. <br />(g) Successor Securities Depositorv• Transfers Outside Book-Entrv Onlv Svstem. In the <br />event that the Issuer determines that DTC is incapable of discharging its responsibilities described <br />herein and in the representations letter of the Issuer to DTC or that it is in the best interest of the <br />beneficial owners of the Bonds that they be able to obtain certificated Bonds, the Issuer shall (i) <br />appoint a successor securities depository, qualified to act as such under Section 17A of the Securities <br />and Exchange Act of 1934, as amended, notify DTC and DTC Participants of the appointment of <br />such successor securities depository and transfer one or more separate Bonds to such successor <br />securities depository ar(ii) notify DTC and DTC Participants of the availability through DTC of <br />Bonds and transfer one or more separate certificated Bonds to DTC Participants having Bonds <br />credited to their DTC accounts. In such event, the Bonds shall no longer be restricted to being <br />registered in the Registration Books in the name of Cede & Co., as nominee of DTC, but may be <br />registered in the name of the successor securities depository, or its nominee, or in whatever name <br />or names Registered Owners transferring or exchanging Bonds shall designate, in accordance with <br />the provisions of this Ordinance. <br />(h) Payments to Cede & Co. Notwithstanding any other provision of this Ordinance 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 principal of and interest on such Bond and all notices with respect to such <br />Bond shall be made and given, respectively, in the manner provided in the representations letter of <br />the Issuer to DTC. <br />(i) Cancellation of Initial Bond. On the closing date, one initial Bond representing the entire <br />principal amount of the Bonds, payable in stated installments to the purchaser designated in Section <br />10 or its designee, executed by manual or facsimile signature of the Mayor and City Secretary of the <br />Issuer, approved by the Attorney General of Texas, and registered and manually signed by the <br />Comptroller of Public Accounts of the State of Texas, will be delivered to such purchaser or its <br />designee. Upon payment for the initial Bond, the Paying Agent/Registrar shall cancel the initial <br />Bond and deliver to the Depository Trust Company on behalf of such purchaser one registered <br />definitive Bond for each year of maturity of the Bonds, in the aggregate principal amount of all of <br />the Bonds for such maturity. <br />(j) Conditional Notice of Redemption. With respect to any optional redemption of the <br />Bonds, unless certain prerequisites to such redemption required by this Ordinance have been met <br />and moneys sufficient to pay the principal of and premium, if any, and interest on the Bonds to be <br />redeemed shall have been received by the Paying Agent/Registrar prior to the giving of such notice <br />of redemption, such notice shall state that said redemption may, at the option of the Issuer, be <br />conditional upon the satisfaction of such prerequisites and receipt of such moneys by the Paying <br />Agent/Registrar on or prior to the date fixed for such redemption, or upon any prerequisite set forth <br />6 <br />