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<br />entitled to rely upon the instructions of the Securities Depository as to the appropriate parties <br /> <br /> <br />entitled to receive Certificated Bonds. <br /> <br /> <br />For purposes of this resolution "Securities Depository" means The Depository Trust <br /> <br /> <br />Company, New York, New York, or other recognized securities depository selected by the <br /> <br /> <br />County, which maintains the book-entry system in respect of the Bonds authorized by this <br /> <br /> <br />resolution, and shall include any substitute for or successor to the securities depository initially <br /> <br /> <br />acting as Securities Depository. For purposes of this resolution "Securities Depository <br /> <br /> <br />Nominee" means, as to an~ Securities Depository, such Securities Depository or the nominee, if <br /> <br /> <br />any, of such Securities Depository in whose name the Bond certificates shall be registered on the <br /> <br /> <br />registration books maintained by the Bond Registrar during the continuation with such Securities <br /> <br /> <br />Depository of the book-entry system authorized by this resolution. The Depository Trust <br /> <br /> <br />Company, New York, New York, is hereby appointed as the initial Securities Depository, and <br /> <br /> <br />Cede & Co., a nominee thereof, is hereby appointed as the initial Securities Depository Nominee, <br /> <br /> <br />for the Bonds. <br />Unless indicated otJJ,erwise, the provisions of this resolution that follow shall apply to all <br /> <br />Bonds issued or issuable h~reunder, whether initially or in replacement thereof. <br /> <br /> <br />Section 5. The B6nds shall be executed with the manual or facsimile signatures of the <br /> <br /> <br />Chairman or Vice-Chairm~n of the Board and the Clerk to the Board, and the seal or a facsimile <br /> <br /> <br />ofthe seal ofthe County slilall be impressed or imprinted, as the case may be, on the Bonds. <br /> <br /> <br />The certificate oftije Local Government Commission of North Carolina shall be endorsed <br /> <br /> <br />on all Bonds and shall bear the manual or facsimile signature of the Secretary of said <br /> <br />Commission or on behal{ of the Secretary by a Designated Assistant and the certificate of <br /> <br />6 <br /> <br />F-5 <br />