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9 <br />available for distribution to the public. Transfer of beneficial ownership interests in the Bonds in <br />the principal amount of $5,000 or any integral multiple thereof will be effected on the records of <br />DTC and its participants pursuant to rules and procedures established by DTC and its participants. <br />Principal and interest on the Bonds are payable by the County to DTC or its nominee as registered <br />owner of the Bonds. The County is not responsible or liable for such transfer of ownership or <br />payments or for maintaining, supervising or reviewing the records maintained by DTC, its <br />participants or persons acting through such participants. <br />Bonds maturing prior to February 1, 2022, are not subject to redemption prior to maturity. <br />Bonds maturing on February 1, 2022, and thereafter are redeemable, at the County's option, from <br />any moneys that may be made available for such purpose, in whole or in part on any date not <br />earlier than February 1, 2021, at a redemption price of 100% of the principal amount to be <br />redeemed, plus interest accrued to the redemption date, without premium. <br />If less than all of the Bonds stated to mature on different dates are called for redemption, <br />the Bonds to be redeemed will be selected in such manner as the County may determine. If less <br />than all of the Bonds of any one maturity are called for redemption, the particular Bonds or <br />portions of Bonds of such maturity to be redeemed will be selected by lot in such manner as the <br />County in its discretion may determine; provided, however, that the portion of each Bond to be <br />redeemed will be in the principal amount of $5,000 or some integral multiple thereof, and that, in <br />selecting Bonds for redemption, each Bond will be considered as representing that number of <br />Bonds which is obtained by dividing the principal amount of such Bond by $5,000. <br />Notwithstanding the foregoing, so long as a book-entry system with DTC is used for determining <br />beneficial ownership of Bonds, if less than all of the Bonds within a maturity are to be redeemed, <br />DTC and its participants will determine which of the Bonds within any such maturity are to be <br />redeemed. If a portion of a Bond is called for redemption, a new Bond in principal amount equal <br />to the unredeemed portion thereof will be issued to the registered owner upon the surrender <br />thereof. <br />The County will give notice of redemption by certified or registered mail to DTC or its <br />nominee as the registered owner of the Bonds. The County must mail such notice not more than <br />60 days and not less than 30 days prior to the date fixed for redemption. The County is not <br />responsible for sending notices of redemption to anyone other than DTC or its nominee. <br />If (a) DTC determines not to continue to act as securities depository for the Bonds or (b) <br />the County so elects, the County will discontinue the book-entry system with DTC. If the County <br />fails to identify another qualified securities depository to replace DTC, the County will deliver <br />replacement Bonds in the form of fully-registered certificates. <br />The County Finance Officer has been appointed Registrar for the Bonds. As Registrar, the <br />Finance Officer will maintain appropriate books and records indicating ownership of the Bonds. <br />The County will treat the registered owner of this Bond as the person exclusively entitled to <br />payment of principal and interest and the exercise of all other rights and powers of the owner, <br />except that interest payments will be made to the person shown as owner on the County's <br />