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<br />2. Bond Terms. <br /> <br />(a) Ori~inal Issue Date: Denominations; Maturities; Term Bond Option. The Bonds <br />shall be dated November 1, 2009, as the date of original issue and shall be issued forthwith on or <br />after such date as fully registered bonds. The Bonds shall be numbered from R.. 1 upward in the <br />denomination of $5,000 each or in any integral multiple thereof of a single maturity (the <br />IjAuthorized Denominations"). The Bonds shall mature on April 1 in the years and amounts as <br />follows: <br /> <br />Year <br /> <br />Amount <br /> <br />2010 <br />2011 <br />2012 <br />2013 <br />2014 <br />2015 <br />2016 <br />2017 <br />2018 <br />2019 <br /> <br />All dates are inclusive. <br /> <br />As may be requested by the Purchaser, one or more term Bonds may be issued having <br />mandatory sinking fund redemption and final maturity amounts conforming to the foregoing <br />principal repayment schedule, and corresponding additions may be made to the provisions of the <br />applicable Bond(s). <br /> <br />(b) Book Entry Only System. The Depository Trust Company, a limited purpose <br />trust company organized under the laws of the State of New York or any of its successors or its <br />successors to its functions hereunder (the "Depository") will act as securities depository for the <br />Bonds, and to this end: <br /> <br />(i) The Bonds shall be initially issued and, so long as they remain in book <br />entry form only (the "Book Entry Only Period"), shall at all times be in the form ofa <br />separate single fully registered Bond for each maturity of the Bonds; and for purposes of <br />complying with this requirement under paragraphs 5 and 10 Authorized Denominations <br />for any Bond shall be deemed to be limited during the Book Entry Only Period to the <br />outstanding principal amount of that Bond. <br /> <br />(ii) Upon initial issuance, ownership of the Bonds shall be registered in a bond <br />register maintained by the Bond Registrar (as hereinafter defined) in the name of CEDE <br />& CO., as the nominee (it or any nominee ofthe existing or a successor Depository, the <br />"Nominee"). <br /> <br />(Hi) With respect to the Bonds neither the City nor the Bond Registrar shall <br />have any responsibility or obligation to any broker, dealer, bank, or any other financial <br /> <br />2413138vl <br /> <br />2 <br />