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13 <br /> certificate with respect to each date on which the Bonds are stated <br /> to mature, in the aggregate principal amount of the Bonds stated to <br /> mature on such date and registered in the name of Cede & Co. , a <br /> nominee of DTC, is being issued and required to be deposited with <br /> DTC and immobilized in its custody. The book-entry system will <br /> evidence beneficial ownership of the Bonds in the principal amount <br /> of $5,000 or any multiple thereof, with transfers of ownership <br /> effected on the records of DTC and its participants pursuant to <br /> rules and procedures established by DTC and its participants. <br /> Transfer of principal, interest and any redemption premium payments <br /> to participants of DTC will be the responsibility of DTC, and <br /> transfer of principal, interest and any redemption premium payments <br /> to beneficial owners of the Bonds by participants of DTC will be <br /> the responsibility of such participants and other nominees of such <br /> beneficial owners. Said County will not be responsible or liable <br /> for such transfers of payments or for maintaining, supervising or <br /> reviewing the records maintained by DTC, its participants or <br /> persons acting through such participants. <br /> In certain events, said County will be authorized to deliver <br /> replacement Bonds in the form of fully-registered certificates in <br /> the denomination of $5, 000 or any multiple thereof in exchange for <br /> the outstanding Bonds as provided in the Resolution. <br /> At the office of the Bond Registrar, in the manner and subject <br /> to the conditions provided in the Resolution, Bonds may be <br /> exchanged for an equal aggregate principal amount of Bonds of the <br /> 11 <br />