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Year Amount <br />2014 $60,000 <br />2015 60,000 <br />2016 60,000 <br />2017 60,000 <br />2018 60,000 <br />2019 65,000 <br />2020 65,000 <br />2021 65,000 <br />2022 70,000 <br />2023 70,000 <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 Certificate(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 />Certificates, and to this end: <br /> <br />(i)The Certificates shall be initially issued and, so long as they remain in <br />book entry form only (the "Book Entry Only Period"), shall at all times be in the form of <br />a separate single fully registered Certificate for each maturity of the Certificates; and for <br />purposes of complying with this requirement under paragraphs 5 and 10 Authorized <br />Denominations for any Certificate shall be deemed to be limited during the Book Entry <br />Only Period to the outstanding principal amount of that Certificate. <br /> <br />(ii)Upon initial issuance, ownership of the Certificates shall be registered in a <br />bond register maintained by the Registrar (as hereinafter defined) in the name of CEDE <br />& CO., as the nominee (it or any nominee of the existing or a successor Depository, the <br />"Nominee"). <br /> <br />(iii)With respect to the Certificates neither the City nor the Registrar shall <br />have any responsibility or obligation to any broker, dealer, bank, or any other financial <br />institution for which the Depository holds Certificates as securities depository (the <br />"Participant") or the person for which a Participant holds an interest in the Certificates <br />shown on the books and records of the Participant (the "Beneficial Owner"). Without <br />limiting the immediately preceding sentence, neither the City, nor the Registrar, shall <br />have any such responsibility or obligation with respect to (A) the accuracy of the records <br />of the Depository, the Nominee or any Participant with respect to any ownership interest <br />in the Certificates, or (B) the delivery to any Participant, any Owner or any other person, <br />other than the Depository, of any notice with respect to the Certificates, including any <br />notice of redemption, or (C) the payment to any Participant, any Beneficial Owner or any <br />other person, other than the Depository, of any amount with respect to the principal of or <br /> 2 <br /> <br /> <br />