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AG 2003 07 21
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AG 2003 07 21
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Last modified
3/3/2006 9:37:57 AM
Creation date
11/27/2017 11:41:27 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
7/21/2003
Board
Board of Commissioners
Meeting Type
Regular
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or for maintaining, supervising or reviewing records maintained by the Securities Depository, its <br />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 />securities depository for the Bonds or (b) the Finance Officer of the Issuer determines to <br />discontinue the book-entry system with such Securities Depository, the Issuer may identify <br />another qualified Securities Depository to replace the predecessor Securities Depository and, in <br />such event, the Issuer will make arrangements with the predecessor Securities Depository and <br />such other Securities Depository to effect such replacement and deliver replacement Bonds <br />registered in the name of such other depository or its nominee in exchange for the outstanding <br />Bonds, and all references in this resolution to any predecessor Securities Depository or Securities <br />Depository Nominee shall thereupon be deemed to mean such other depository or its nominee. If <br />the Issuer does not identify another qualified Securities Depository to replace the predecessor <br />Securities Depository, the Issuer will deliver replacement Bonds in the form of fully registered <br />certificates in the denomination of $5,000 or any whole multiple thereof ("Certificated Bonds") <br />in exchange for the outstanding Bonds as required by the predecessor Securities Depository and <br />others. Upon the request of the Securities Depository, the Issuer may also deliver one or more <br />Certificated Bonds to any participant of the Securities Depository in exchange for Bonds credited <br />to its account with the Securities Depository. The Issuer and the Bond Registrar shall be entitled <br />to rely upon the instructions of the Securities Depository as to the appropriate parties entitled to <br />receive Certificated Bonds. <br /> <br /> For purposes of this resolution "Securities Depository" means The Depository Trust <br />Company, New York, New York, or other recognized securities depository selected by the <br />Issuer, which maintains the book-entry system in respect of the Bonds authorized by this <br />resolution, and shall include any substitute for or successor to the securities depository initially <br />acting as Securities Depository. For purposes of this resolution "Securities Depository <br />Nominee" means, as to any Securities Depository, such Securities Depository or the nominee, if <br />any, of such Securities Depository in whose name the Bond certificates shall be registered on the <br />registration books maintained by the Bond Registrar during the continuation with such Securities <br />Depository of the book-entry system authorized by this resolution. The Depository Trust <br />Company, New York, New York, is hereby appointed as the initial Securities Depository, and <br /> <br /> <br />
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