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6 <br /> replace DTC, the Issuer will make arrangements with DTC and such <br /> other depository to effect such replacement and deliver replacement <br /> Bonds registered - in the name of such other depository or its <br /> nominee in exchange for the outstanding Bonds, and the references <br /> to DTC or Cede & Co. in this resolution shall thereupon be deemed <br /> to mean such other depository or its nominee. If the Issuer fails <br /> to identify another qualified securities depository to replace DTC, <br /> the Issuer will deliver replacement Bonds in the form of <br /> fully-registered certificates in the denomination of $5, 000 or any <br /> multiple thereof ("Certificated Bonds") in exchange for the <br /> outstanding Bonds as required by DTC and others. Upon the request <br /> of DTC, the Issuer may also deliver one or more Certificated Bonds <br /> to any participant of DTC in exchange for Bonds credited to its <br /> account with DTC. <br /> Unless indicated otherwise, the provisions of this resolution <br /> that follow shall apply to all Bonds issued or issuable hereunder, <br /> whether initially or in replacement thereof. <br /> Section 3 . The Bonds shall bear the manual or facsimile <br /> signatures of the Chairman of the Board of Commissioners for the <br /> Issuer and the Clerk to said Board and the corporate seal or a <br /> facsimile of the corporate seal of the Issuer shall be impressed or <br /> imprinted, as the case may be, on the Bonds. <br /> The certificate of the Local Government Commission of North <br /> Carolina to be endorsed on all Bonds shall bear the manual or fac- <br /> simile signature of the Secretary of said Commission and the <br /> 5 <br />