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4 <br />the Bonds. This certificate will be conclusive evidence of the Finance Officer's approval <br />and determination of such matters. <br />7. Finance Officer as Registrar; Payments to Registered Owners -- The <br />Finance Officer is appointed Registrar for the Bonds. As Registrar, the Finance Officer <br />will maintain appropriate books and records of the ownership of the Bonds. The County <br />will treat the registered owner of each Bond as the person exclusively entitled to payment <br />of principal and interest and the exercise of all rights and powers of the owner, except <br />that interest payments will be made to the person shown as owner on the registration <br />books at the end of the day on the 15th day of the month preceding each interest payment <br />date (whether or not such 15~' day is a business day). <br />8. Advertising Bonds for Sale -- The Finance Officer, in collaboration with <br />the LGC, is authorized and directed to take all proper steps to advertise the Bonds for sale <br />in accordance with customary LGC procedures, including through the use of one or more <br />"Notice of Sale" documents in the LGC's customary form. All prior steps toward this end <br />are hereby ratified and approved. <br />9. LGC To Sell Bonds; Provisions for Delayed Sale - (a) The County asks <br />the LGC to sell the Bonds, to receive and evaluate bids and to award the Bonds on the <br />basis of the best bid received. <br />(b) If market conditions at the time of the proposed sale of the Bonds do not <br />allow the Bonds to be sold at interest rates and prices that make the refunding of all or <br />any portion of the prior bonds economical, as determined by the Finance Officer and in <br />accordance with LGC guidelines, the Finance Officer is authorized to decline the sale of <br />the Bonds, in whole or in part. The Finance Officer is further authorized to provide for <br />additional attempts to sell the Bonds, or any portion of the Bonds, if such offrcer <br />determines that market conditions have changed such that a successful sale of the Bonds <br />(or any portion) may be possible. The Finance Officer may provide for one or more <br />additional sales until March 1, 2010, without further advance approval from the Board. <br />These additional sales may make use of the previously-approved official statement, with <br />the Finance Officer's approval, and pursuant to such advertisement for sale as the <br />Finance Officer may approve. <br />10. Completing Official Statement after Sale -- After bids have been received <br />and the LGC has awarded the Bonds to the successful purchaser, the Finance Officer is <br />authorized and directed to prepare, in collaboration with the LGC, a final Official <br />Statement containing, among such other matters as may be appropriate, information <br />required pursuant to Rule 15c2-12 ("Rule 15c2-12") promulgated by the United States <br />Securities and Exchange Commission under the United States Securities Act of 1934, as <br />amended. The County, together with the LGC, will arrange for the delivery within seven <br />business days of the date the Bonds are sold of a reasonable number of copies of the final <br />3 <br />