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is registered in the registration books kept by the Bond Registrar as the holder and absolute owner of such Bond for the purpose of payment of principal of,premium,if any,and interest with respect to such Bond, for the purpose of giving notices of redemption and other matters with respect to such Bond, for the purpose of registering transfers with respect to such Bond,and for all other purposes whatsoever. The Paying Agent will pay all principal of, premium, if any,and interest on the Series 2001 Bonds only to or upon the order of the respective registered owners,as shown in the registration books kept by the Bond Registrar,or their respective attorneys duly authorized in writing,as provided in the Resolution,and all such payments will be valid and effectual to satisfy and discharge the County's obligations with respect to payment of principal of,premium,if any,and interest on the Series 2001 Bonds to the extent of the sums so paid. No person other than a registered owner, as shown in the registration books kept by the Bond Registrar,will receive a certificated Bond evidencing the obligation of the County to make payments of principal of, premium, if any, and interest on the Series 2001 Bonds pursuant to the provisions of the Resolution. Optional Redemption The Series 2001 Bonds stated to mature on or prior to April 1, 2011*, shall not be subject to redemptionprior to their respective dates of maturity. The Series 2001 Bonds stated to mature on or after April 1,2012*,are subject to redemption at the option of the County in whole or, from time to time,in part, on April 1, 2011*, or on any date thereafter at the respective redemption prices set forth below expressed as percentages of the principal amount to be redeemed, plus interest accrued to the date of redemption. Redemption Period* Redemption Price April 1,2011 through March 31, 2012 101% April 1, 2012 and thereafter 100% If fewer than all of the Series 2001 Bonds are to be so redeemed, the County may select the maturity or maturities to be redeemed. If fewer than all of the Series 2001 Bonds of any particular maturity are to be redeemed,the Bond Registrar will select by lot the particular Series 2001 Bonds or portions of Series 2001 Bonds of such maturity to be redeemed. The portion of any Series 2001 Bond of a denomination of more than$5,000 to be redeemed will be in the principal amount of$5,000 or an integral multiple of that sum Mandatory Redemption The Series 2001 Term Bonds stated to mature on April 1, 2021, are subject to mandatory redemption by lot prior to maturity in such manner as shall be determined by the Bond Registrar, by *Preliminary,subject to change. 3