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13 <br />less than all of the Bonds of any one maturity are called for redemption, the <br />particular Bonds or portions of Bonds of such maturity to be redeemed will be <br />selected by lot in such manner as the County in its discretion may determine; <br />provided, however, that the portion of each Bond to be redeemed will be in the <br />principal amount of $5,000 or some integral multiple thereof, and that, in selecting <br />Bonds for redemption, each Bond will be considered as representing that number of <br />Bonds which is obtained by dividing the principal amount of such Bond by $5,000. <br />Notwithstanding the foregoing, so long as a book-entry system with DTC is used for <br />determining beneficial ownership of Bonds, if less than all of the Bonds within a <br />maturity are to be redeemed, DTC and its participants will determine which of the <br />Bonds within any such maturity are to be redeemed. If a portion of a Bond is called <br />for redemption, a new Bond in principal amount equal to the unredeemed portion <br />thereof will be issued to the registered owner upon the surrender thereof. <br />The County will give notice of redemption by certified or registered mail to <br />DTC or its nominee as the registered owner of the Bonds. The County will mail <br />such notice not more than 60 days and not less than 30 days prior to the date fixed <br />for redemption. The County is not responsible for sending notices of redemption to <br />anyone other than DTC or its 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 system <br />with DTC . If the County fails to identify another qualified securities depository to <br />replace DTC, the County will deliver replacement Bonds in the form of fully- <br />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. The County will treat the registered owner of <br />this Bond as the person exclusively entitled to payment of principal, premium, if <br />any, and interest and the exercise of all other rights and powers of the owner, except <br />that interest payments will be made to the person shown as owner on the County's <br />registration books on the 15th day of the month preceding each interest payment <br />date. <br />