AG 2013 03 18 - Laserfiche WebLink

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date for such interest, pursuant to rules and procedures established by the Securities Depository and its participants. The County and the Bond Registrar will not be responsible or liable for such transfers of payments or for maintaining, supervising or reviewing records maintained by the Securities Depository, its participants or persons acting through such participants. In the event that (a) any Securities Depository determines not to continue to act as securities depository for the Bonds, or (b) the Finance Director of the County determines to discontinue the book -entry system with such Securities Depository, the County may identify another qualified Securities Depository to replace the predecessor Securities Depository and, in such event, the County will make arrangements with the predecessor Securities Depository and such other Securities Depository to effect such replacement and deliver replacement Bonds registered in the name of such other depository or its nominee in exchange for the outstanding Bonds, and all references in this resolution to any predecessor Securities Depository or Securities Depository Nominee shall thereupon be deemed to mean such other depository or its nominee. If the County does not identify another qualified Securities Depository to replace the predecessor Securities Depository, the County will deliver replacement Bonds in the form of fully registered certificates in the denomination of $5,000 or any whole multiple thereof ( "Certificated Bonds ") in exchange for the outstanding Bonds as required by the predecessor Securities Depository and others. Upon the request of the Securities Depository, the County may also deliver one or more Certificated Bonds to any participant of the Securities Depository in exchange for Bonds credited to its account with the Securities Depository. The County and the Bond Registrar shall be entitled to rely upon the instructions of the Securities Depository as to the appropriate parties entitled to receive Certificated Bonds. For purposes of this resolution "Securities Depository" means The Depository Trust Company, New York, New York, or other recognized securities depository selected by the County, which maintains the book -entry system in respect of the Bonds authorized by this resolution, and shall include any substitute for or successor to the securities depository initially acting as Securities Depository. For purposes of this resolution "Securities Depository Nominee" means, as to any Securities Depository, such Securities Depository or the nominee, if any, of such Securities Depository in whose name the Bond certificates shall be registered on the E Attachment number 2 G -1 Page 192