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12/03/2012
<br />APPENDIX E
<br />DTC AND THE BOOK -ENTRY ONLY SYSTEM
<br />The information in this Appendix F has been provided by The Depository Trust Company
<br />("DTC"), New York, NY, for use in securities offering documents, and the City does riot take
<br />responsibility for the accuracy or completeness thereof. The City cannot and does not give any assurances
<br />that DTC, DTC Participants or Indirect Participants will distribute to the beneficial owners of the Bond.,;
<br />(tile "Beneficial Owners") either, (a) payments of interest, principal or premium, if any, with respect to
<br />the Bonds or (b) certificates representing ownership interest in. or other confirmation of ownership
<br />interest in the Bonds, or that they will so do on a timely basis or that DTC, DTC Direct Participants or
<br />DTC Indirect Participants mill act in the manner described in this Official Statement.
<br />The following description of DTC, the procedures acid record keeping with respect to beneficial
<br />ownership interests in the Bonds, payment of principal, interest and other payments ort the Bonds to
<br />DTC Participants or Beneficial Ou ners, confirmation and tramfer of beneficial ownership interest in file
<br />Bonds and other related transactions by and between DTC, the DTC Participants and the Beneficial
<br />Owners is based solely on information provided by DTC. Accordingly, no representations can be made
<br />concerning these matter's and neither the DTC Participants nor, the Beneficial Orntaers should rely ori the
<br />foregoing in -formation. with respect to .such ratters, but should instead confirm the same with DTC or the
<br />DTC Participants, as the case may be.
<br />Neither the issuer of the Bonds (the "Issuer") nor the trustee, fiscal agent or paying agent
<br />appointed With respect to the Bonds (the "Agent") take any responsibility for the information contained
<br />rn this Appendix,
<br />No assurances can be given that DTC, DTC Participants or Indirect Participants will distribute
<br />to the Beneficial Owners (a) payments of interest, principal or premium, if any, with respect to tine Bonds,
<br />(b) certificates representing ownership interest in or other confirmation or ownership interest in the
<br />Bonds, or (c) redemption or other notices seat to DTC or Cede & Co., its nominee, as the registered owner
<br />of the Bonds, or that they will so do on a timely basis, or that DTC, DTC Participants or DTC Indirect
<br />Participants will act in the manner described in this Appendix. The current "Rales" applicable to DTC
<br />are On file with the Securities and Exchange Commission and the current "Procedures" of DTC to be
<br />followed in dealing with DTC Participants are on file with DTC.
<br />1. The Depository Trust Company ("DTC"), New York, NY, will act as securities
<br />depository for the Bonds (the "Securities"). The Securities will be issued as fully -registered
<br />securities registered in the name of Cede & Co. (DTC's partnership nominee) or such other
<br />name as may be requested by an authorized representative of DTC. One fully -registered
<br />Security certificate will be issued for each issue of the Securities, each in the aggregate principal
<br />amount of such issue, and will be deposited with DTC. If, however, the aggregate principal
<br />amount of any issue exceeds $500 million, one certificate will be issued with respect to each
<br />$500 million of principal amount, and an additional certificate will be issued with respect to
<br />any remaining principal amount of such issue.
<br />2. DTC, the world's largest securities depository, is a limited -purpose trust company
<br />organized under the New York Banking Law, a "banking organization" within the meaning of
<br />the New York Banking Law, a member of the Federal Reserve System, a "clearing corporation"
<br />within the meaning of the New York Uniform Commercial Code, and a "clearing agency"
<br />registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934.
<br />DTC holds and provides asset servicing for over 3.5 million issues of U.S. and non -U.S. equity
<br />issues, corporate and municipal debt issues, and money market instruments (from over 100
<br />F-1
<br />72 RESO. # 15237
<br />MUFF # 505
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