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. e ARTICLE FIVE THE BANK Section 5,.01. Duties of Bank. The Bank undertakes to perform the duties set forth herein and agrees to use reasonable care in the performance thereof. Section 5.02. Reliance on Documents, Etc. (a) The Bank may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, note, security or other paper or document reasonably believed by it to be genuine and to have been signed or presented by the proper party or parties. The Bank shall not be bound to make any investigation into the facts or matters stated in a resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, note, security or other paper or document supplied by the Mayor or City Secretary of the City. (b) The Bank may consult with counsel, and the written advice of such counselor any opinion of coun- sel shall be full and complete authorization and protec- tion with respect to any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon. (e) The Bank may exercise any of the powers hereunder and perform any duties hereunder either directly or by or through agents or attorneys of the Bank. Section 5.03. Recitals of the City. The recitals contained herein and in the Bond certificates, except the certificate of authentication of the Bonds, shall be taken as the statements of the City, and the Bank assumes no responsibility for their correctness. Section 5.04. May Hold Bonds. The Bank, in its individual or any other capacity, may become the owner or pledgee of Bonds and may otherwise deal with the City with the same rights it would have if it were not acting as the Paying Agent/Registrar or in any other capacity hereunder. Section 5.05. Moneys Held by Bank. Money deposited by the City with the Bank for payment of the principal (or redemption price) of or interest on any Bonds shall be segregated from other funds of the Bank and the City and shall be held in trust for the benefit of the registered owners of the Bonds. All money deposited with the Bank hereunder shall be secured in the manner and to the fullest extent required by law for the security of funds of the City. The Bank shall be under no liability for interest on any funds received by it hereunder unless a City official directs the investment of such funds, in which case such funds shall be so invested and any interest earned OD8R.GDAlIBOBOl -6-