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a <br />October 1, beginning October 1, 2000, (a) from April 1, 2000, if it is authenticated prior <br />to October 1, 2000, or (b) otherwise from the April 1 or October 1, that is, or immediately <br />precedes, the date on which it is authenticated (unless payment of interest thereon is in <br />default, in which case such Bonds shall bear interest from the date to which interest has <br />been paid). Principal, premium, if any, and interest shall be payable in lawful money of <br />the United States of America. <br />7. Bonds maturing prior to April 1, 2011, shall not be subject to redemption <br />prior to maturity. Bonds maturing an April 1, 2011, and thereafter shall be redeemable, <br />at the County's option from any moneys that may be made available for such purpose, <br />either in whole or in part, an ar after April 1, 2010, at the principal amount of the Bands <br />to be redeemed, together with interest accrued thereon to the date fixed for redemption, <br />plus a premium of 1 /2 of 1 % of the principal amount of each Bond to be redeemed for <br />each period of 12 months or part thereof between the redemption date and the maturity <br />date of such Bonds, such premium not to exceed 2% of such principal amount. <br />If less than all of the Bonds stated to mature on different dates shall be called for <br />redemption, the Bonds shall be redeemed in the inverse order of their maturities. If less <br />than all of the Bonds of any one maturity are called for redemption, the Bonds or portions <br />thereof of such maturity to be redeemed shall be selected by lot in such manner as the <br />County in its discretion may determine; provided, however, that the portion of any Band <br />to be redeemed shall be in the principal amount of $5,000 or some integral multiple <br />thereof and that, in selecting Bands for redemption, each Bond shall be considered as <br />representing that number of Bonds which is obtained by dividing the principal amount of <br />such Bond by $5,000. If a portion of a Bond is called far redemption, a new Bond in <br />amount equal to the unredeemed portion thereof shall be issued to the registered owner <br />upon the surrender thereof. For the purposes of these redemption rules, the County shall <br />treat the Referendum Bonds and the Two-Thirds Bands as a single issue. <br />The County shall give native of redemption by certified or registered mail to the <br />registered owners of the Bonds. The County shall mail such notice not more than 60 <br />days and not less than 30 days prior to the date fixed for redemption. <br />8. The County's full faith and credit are irrevocably pledged for the payment <br />of the principal of and interest on the Bonds. Unless other funds are lawfully available <br />and appropriated for timely payment of the Bonds, the Board shall levy and collect an <br />annual ad valorem tax, without restriction as to rate or amount, on all locally taxable <br />property in the County sufficient to pay the principal of and interest on the Bonds as the <br />same become due. <br />9. The Bonds shall be in substantially the form set out in Exhibit A. The <br />Bonds shall be signed by the manual or facsimile signature of the Board's Chair ar Vice <br />Chair, shall be countersigned by the manual ar facsimile signature of the Board's Clerk or <br />any Assistant Clerk, and the County's seal shall be affixed thereto or a facsimile thereof <br />printed thereon, but no Bond shall be valid unless at least one of the signatures appearing <br />