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9 <br />to the United States any part of the earnings derived from the investment of the <br />proceeds of the Bonds, and the County will pay any such required rebate from its <br />general funds. For this paragraph, "Code" means the United States Internal Revenue <br />Code of 1986, as amended through the closing date of the Bonds, including <br />applicable Treasury regulations. <br />17. Book-Entry System for Bond Registration -- The Bonds will <br />be issued by means of a book-entry system, with one bond certificate for each <br />maturity of each series of bonds immobilized at The Depository Trust Company, <br />New York, New York ("DTC"), and not available for distribution to the public. The <br />book-entry system for registration will operate as described in the Official <br />Statement. Therefore, (a) the County will pay principal, premium, if any, and <br />interest on the Bonds to DTC or its nominee as registered owner of the Bonds, (b) <br />the County will not be responsible or liable for such transfer of payments to parties <br />other than DTC or for maintaining, supervising or reviewing the records maintained <br />by DTC or any other person related to the Bonds, and (c) the County will not mail <br />redemption notices (or any other notices related to the Bonds) to anyone other than <br />DTC or its nominee so long as the book-entry system of registration with DTC is in <br />effect. The County may elect to discontinue the book-entry system with DTC. The <br />Finance Officer is authorized and directed to enter into any agreements he deems <br />appropriate to put into place the book-entry system with DTC . <br />18. Confirmation of Financial Advisor -The Board confirms the <br />selection of Ferris, Baker, Watts & Co. to serve as the County's financial advisor <br />with respect to the refunding. <br />19. Call of Prior Bonds for Redemption -The Board authorizes and <br />directs the Finance Officer to make, on the County's behalf, an irrevocable call for <br />redemption of such of the County's general obligation Refunding Bonds, Series <br />1993, and its general obligation School Bonds, Series 1993, as the Finance Officer <br />(after consultation with the LGC) deems beneficial to the County. The Finance <br />Officer will make this call for redemption by the execution and delivery of an <br />appropriate certificate in connection with the original delivery of the Refunding <br />Bonds. <br />