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<br />transfers of payments or for maintaining, supervising or reviewing records maintained by the <br /> <br />Securities Depository, its participants' or persons acting through such participants. <br /> <br />In the event that (a) any Securities Depository determines not to continue to act as <br /> <br />securities depository for the Bonds or (b) the Finance Officer of the County. determines to <br /> <br />discontinue the book-entry system with such Securities Depository, the County may identify <br /> <br />another qualified Securities Depository to replace the predecessor Securities Depository, and, in <br /> <br />such event, the County will make arrangements with the predecessor Securities Depository and <br /> <br />such other Securities Depository to effect such replacement and deliver replacement Bonds <br /> <br />registered in the name of such other depository or its nominee in exchange for the outstanding <br /> <br />Bonds, and all references in this resolution to any predecessor Securities Depository or Securities <br /> <br />Depository Nominee shall thereupon be deemed to mean such other depository or its nominee. If <br /> <br />the County does not identify another qualified Securities Depository to replace the predecessor <br /> <br />Securities Depository, the County will deliver replacement Bonds in the form of fully registered <br /> <br />certificates in the denomination of $5,000 or any whole multiple thereof ("Certificated Bonds") <br /> <br />in exchange for the outstanding Bonds as required by the predecessor Securities Depository and <br /> <br />others. Upon the request of the Securities Depository, the County may also deliver one or more <br /> <br />Certificated Bonds to any participant of the Securities Depository in exchange for Bonds credited <br /> <br />to its account with the Securities Depository. The County and the Bond Registrar shall be <br /> <br />entitled to rely upon the instructions of the Securities Depository as to the appropriate parties <br /> <br />entitled to receive Certificated Bonds. <br /> <br />For purposes of this resolution "Securities Depository:' means The Depository Trust <br /> <br />Company, New York, New York, or other recognized securities depository selected by the <br /> <br />County, which maintains the book-entry system in respect of the Bonds authorized by this <br />5 <br /> <br />Cy4- <br />