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12 <br /> for redemption, the particular Bonds or portions of Bonds to be redeemed from that <br /> maturity will be selected by lot in such manner as the County in its discretion may <br /> determine; provided, however, that the portion of each Bond to be redeemed will be <br /> 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 <br /> number of Bonds which is obtained by dividing the principal amount of such Bond <br /> by $5,000. Notwithstanding the foregoing, so long as a book-entry system with DTC <br /> is used for determining beneficial ownership of Bonds, if less than all of the Bonds <br /> within a maturity are to be redeemed, DTC and its participants will determine which <br /> of the Bonds within any such maturity are to be redeemed. If a portion of a Bond is <br /> called for redemption, the County will issue a new Bond to the registered owner in a <br /> principal amount equal to the unredeemed portion, upon the registered owner's <br /> surrender of the Bond. <br /> The County will send notice of redemption to DTC or its nominee as the <br /> registered owner of the Bonds in such manner as may be provided for under DTC's <br /> then-current operating procedures. The County will send this notice not more than <br /> 60 days and not less than 30 days prior to the date fixed for redemption. The County <br /> is not responsible for sending redemption notices to anyone other than DTC or its <br /> nominee. <br /> If (a) DTC determines not to continue to act as securities depository for the <br /> Bonds or (b) the County so elects, the County will discontinue the book-entry <br /> system with DTC. If the County does not identify another qualified securities <br /> depository to replace DTC, the County will deliver replacement Bonds in the form of <br /> fully registered certificates. <br /> The County Finance Officer has been appointed Registrar for the Bonds. As <br /> Registrar, the Finance Officer will maintain appropriate books and records <br /> indicating ownership of the Bonds.p The County will treat the registered owner of <br /> this Bond as the person exclusively entitled to payment of principal and interest and <br /> the exercise of all other rights and powers of the owner, except that the County will <br /> make Bond payments to the person shown as owner on the County's registration <br /> books on the Record Date, which is the end of the calendar day on the 15th day of <br /> 10 <br />