Orange County NC Website
12 <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 /> same maturity, of authorized denominations and bearing interest at <br /> the same rate. <br /> The Bond Registrar shall keep at his office the books of said <br /> County for the registration of transfer of Bonds. The transfer of <br /> this bond may be registered only upon such books and as otherwise <br /> provided in the Resolution upon the surrender hereof to the Bond <br /> Registrar together with an assignment duly executed by the <br /> registered owner hereof or his attorney or legal representative in <br /> such form as shall be satisfactory to the Bond Registrar. Upon any <br /> such registration of transfer, the Bond Registrar shall deliver in <br /> 11 <br />