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Bonds secured by a parity interest in the property securing the Bonds have been <br /> and may be issued under the terms and conditions set forth in the Trust Agreement , <br /> The Bonds are issued by means of a book- entry system, with one certificate <br /> for each maturity immobilized at The Depository Trust Company, Jersey City, New <br /> Jersey ( " DTC " ) , and not available for distribution to the public . Transfer of beneficial <br /> ownership interests in the Bonds in the principal amount of $ 5 , 000 or any integral <br /> multiple thereof will be effected on the records of DTC and its participants pursuant <br /> to rules and procedures established by DTC and its participants . Principal and <br /> interest on the Bonds are payable to DTC or its nominee as registered owner of the <br /> Bonds . Neither the Trustee nor the County is responsible or liable for the transfer of <br /> ownership or payments or for maintaining, supervising or reviewing the records <br /> maintained by DTC, its participants or persons acting through such participants . <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 and the Trustee will discontinue the <br /> book - entry system with DTC . If the County does not identify another qualified <br /> securities depository to replace DTC, the County will prepare and execute , and the <br /> Trustee will authenticate and deliver in exchange, replacement Bonds in the form of <br /> fully registered Bonds . <br /> The Bonds may not be redeemed prior to maturity except as provided in this <br /> Bond and in the Trust Agreement, <br /> The Bonds maturing on or after October 1 , 2036 , are subject to redemption at <br /> the County' s option in whole or in part on any date on or after October 1 , 2035 , upon <br /> payment of the principal amount to be prepaid plus interest accrued to the <br /> redemption date, without premium . If less than all the Bonds are to be redeemed <br /> pursuant to this provision , they will be redeemed among maturities in any manner <br /> the County chooses . <br /> If less than all the Bonds of any maturity are called for redemption , the <br /> Trustee will select the Bonds to be redeemed by lot; provided, however, that so long <br /> as a book- entry system with DTC is used for recording beneficial ownership of <br /> Bonds , if less than all of the Bonds within a maturity are to be redeemed , DTC and its <br /> participants will determine which of the Bonds within any such maturity are to be <br /> redeemed . <br /> 27 <br />