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anyone, and shall be equally and proportionately entitled to the benefits of this Indenture with all <br />other Series 2019 Bonds secured by this Indenture. <br />SECTION 2.10 Book Entry System. <br />(a) Original Delivery. The Series 2019 Bonds shall be initially delivered in the form <br />of a separate single fully registered Series 2019 Bond (which may be typewritten) for each <br />maturity of the Series 2019 Bonds. Upon initial delivery, the ownership of each such Series 2019 <br />Bond shall be registered on the Bond Registration Books maintained by the Trustee pursuant to <br />Section 2.08 hereof in the name of the Nominee. <br />Except as provided in subsection (c), the ownership of all of the Outstanding Series 2019 <br />Bonds shall be registered in the name of the Nominee on such Bond Registration Books. <br />With respect to Series 2019 Bonds the ownership of which shall be registered in the name <br />of the Nominee, the City and the Trustee shall have no responsibility or obligation to any <br />Depository System Participant or to any person on behalf of which the City holds an interest in <br />the Series 2019 Bonds. Without limiting the generality of the immediately preceding sentence, <br />the City and the Trustee shall have no responsibility or obligation with respect to (i) the accuracy <br />of the records of the Depository, the Nominee or any Depository System Participant with respect <br />to any ownership interest in the Series 2019 Bonds, (ii) the delivery to any Depository System <br />Participant or any other person, other than a Bond Owner as shown in the Registration Books, of <br />any notice with respect to the Series 2019 Bonds, including any notice of redemption, (iii) the <br />selection by the Depository of the beneficial interests in the Series 2019 Bonds to be redeemed in <br />the event the City elects to redeem the Series 2019 Bonds in part, (iv) the payment to any <br />Depository System Participant or any other person, other than a Bond Owner as shown in the <br />Registration Books, of any amount with respect to principal, premium, if any, or interest <br />represented by the Series 2019 Bonds or (v) any consent given or other action taken by the <br />Depository as Bond Owner. The City and the Trustee may treat and consider the person in whose <br />name each Series 2019 Bond is registered as the absolute owner of such Series 2019 Bond for <br />the purpose of payment of principal, premium, if any, and interest represented by such Series <br />2019 Bond, for the purpose of giving notices of redemption and other matters with respect to <br />such Series 2019 Bond, for the purpose of registering transfers of ownership of such Series 2019 <br />Bond, and for all other purposes whatsoever. The Trustee shall pay the principal, interest and <br />premium, if any, represented by the Series 2019 Bonds only to the respective Owners or their <br />respective attorneys duly authorized in writing, and all such payments shall be valid and <br />effective to fully satisfy and discharge all obligations with respect to payment of principal, <br />interest and premium, if any, represented by the Series 2019 Bonds to the extent of the sum or <br />sums so paid. No person other than a Bond Owner shall receive a Series 2019 Bond evidencing <br />the obligation of the City to make payments of principal, interest and premium, if any, pursuant <br />to this Indenture. Upon delivery by the Depository to the Nominee of written notice to the effect <br />that the Depository has determined to substitute a new Nominee in its place, such new nominee <br />shall become the Nominee hereunder for all purposes; and upon receipt of such a notice the City <br />shall promptly deliver a copy of the same to the Trustee. <br />(b) Representation Letter. In order to qualify the Series 2019 Bonds for the <br />Depository's book -entry system, the City shall execute and deliver to such Depository a letter <br />55394.00055\32329348.3 5 54- V 2 <br />