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5 <br /> authenticated by the manual signature of an authorized officer or employee of a bond <br /> registrar selected by the Finance Officer. <br /> Interest on each Bond will be payable semiannually (a) from its date, if it is <br /> authenticated prior to the first interest payment date, or (b) otherwise from the interest <br /> payment date that is, or immediately precedes, the date on which it is authenticated <br /> (unless payment of interest is in default, in which case such Bond will bear interest from <br /> the date to which interest has been paid). Principal and interest will be payable in lawful <br /> money of the United States of America. <br /> The Finance Officer must execute a certificate prior to the initial delivery of the <br /> Bonds designating the final aggregate principal amount of the Bonds (up to the maximum <br /> authorized amount of$20,000,000), the final principal payment schedule and the interest <br /> payment dates for the Bonds. This certificate will be conclusive evidence of the Finance <br /> Officer's approval and determination of such matters. <br /> Z 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 the County will make payments to the person shown as owner on the registration <br /> books at the end of the calendar day on the 15th day of the month (whether or not a <br /> business day)preceding each payment date. C- <br /> 8 Advertising Bonds for Sale — The Finance Officer, in collaboration with <br /> the LGC, is directed to take all proper steps to advertise the Bonds for sale in accordance <br /> with standard LGC procedures, including through the use of a"Notice of Sale" document <br /> in the LGC's customary form and in substantially the same form as used for prior County <br /> bond sales. The Finance Officer is directed to review and approve a form of Notice of <br /> Sale as such officer may determine to be in the County's best interest. <br /> 9. LGC To Sell Bonds;Provision for Delayed Sale—(a) The County asks the <br /> LGC to sell the Bonds, to receive and evaluate bids and to award the Bonds on the basis <br /> 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, the <br /> Finance Officer is authorized to decline the sale of the Bonds, in whole or in part. The <br /> Finance Officer is further authorized to provide for additional attempts to sell the Bonds, <br /> or any portion of the Bonds, if such officer determines that market conditions have <br /> changed such that a successful sale of the Bonds (or any portion) may be possible. The <br /> Finance Officer may provide for one or more additional sales until March 31, 2013, <br /> without further advance approval from the Board. These additional sales may make use <br /> 3 <br />