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5 <br /> 7. Finance Officer as Registrar; Payments to Registered Owners -- The <br /> Board appoints the Finance Officer as Registrar for the Bonds. As Registrar, the <br /> Finance Officer shall maintain appropriate books and records of the ownership of the <br /> Bonds. The County will treat the registered owner of each Bond as the person <br /> exclusively entitled to payment of principal and interest and the exercise of all rights <br /> and powers of the owner, except that the County will make payments to the person <br /> shown as owner on the registration books at the end of the calendar day on the 15th <br /> day of the month (whether or not a business day) preceding each interest payment <br /> date. <br /> 8. Advertising Bonds for Sale - The Board directs the Finance Officer, in <br /> collaboration with the LGC, to take all proper steps to advertise the Bonds for sale in <br /> accordance with standard LGC procedures, including through the use of a "Notice of <br /> Sale" document in the LGC's customary form and in substantially the same form as <br /> used for prior County bond sales. The Board directs the Finance Officer to review and <br /> approve a form of Notice of Sale as that officer may determine to be in the County's <br /> best interest. <br /> 9. LGC To Sell Bonds -- The County asks the LGC to sell the Bonds, to <br /> receive and evaluate bids and to award the Bonds based on the best bid received. <br /> 10. Completing Official Statement after Sale - After the LGC has received <br /> bids and awarded the Bonds to the successful bidder, the Board directs the Finance <br /> Officer, in collaboration with the LGC, to prepare a final Official Statement within the <br /> meaning of Rule 15c2-12. The Board authorizes the Finance Officer to approve the <br /> final document as a final Official Statement. The County, together with the LGC, will <br /> arrange for the delivery within seven business days of the sale date of a reasonable <br /> number of copies of the final Official Statement to the successful bidder on the Bonds <br /> for delivery to each potential investor requesting a copy of the final Official Statement <br /> and to each entity to which the bidder and members of the bidding group initially sell <br /> the Bonds. <br /> 11. County Officers To Complete Closing - The Board authorizes the <br /> County Manager, the Finance Officer and all other County officers and employees to <br />