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TABLE OF CONTENTS <br />SUMMARY STATEMENT i <br />The County i <br />Purpose of the Bonds <br />Sources and Security of Payment for the Bonds i <br />Description of the Bonds ii <br />Municipal Bond Insurance ii <br />Tax Exemption iii <br />Authority for Issuance iii <br />Offering and Delivery of the Bonds iii <br />INTRODUCTION 1 <br />AUTHORITY FOR BONDS 2 <br />PURPOSE OF ISSUANCE 2 <br />DESCRIPTION OF THE BONDS 2 <br />General 2 <br />Book -Entry Only System 3 <br />Discontinuance of Securities Depository 6 <br />Bonds Not Subject to Redemption 6 <br />SOURCES AND USES OF FUNDS 7 <br />DEBT SERVICE SCHEDULE 8 <br />SECURITY AND SOURCES OF PAYMENT FOR THE BONDS 9 <br />PARITY BONDS 9 <br />AD VALOREM TAX MA LEERS 10 <br />Property Assessment Procedure 10 <br />Ad Valorem Tax Rates 11 <br />Levy and Collection of Ad Valorem Taxes 11 <br />Historical Table of Assessed Value 13 <br />Historical Ad Valorem Millage Rates 14 <br />Property Tax Levies and Collections 15 <br />Comparative Ratios of Bonded Debt 16 <br />Ten Largest Taxpayers 17 <br />