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Bonds plus the amount of the premium, if any, which would be <br />payable on the next redemption date to the Holders of such Term <br />Bonds if such Term Bonds. or portions thereof should be called for <br />redemption on such date from moneys in the Bond Amortization <br />Account. The County shall pay the interest accrued on. such Term <br />Bonds to the date of delivery thereof from the Bond Service Fund <br />and the purchase price from the Bond Amortization Account <br />therein, but no such purchase shall be made by the County within <br />the period of 45 days -immediately preceding any interest payment <br />date on which Term Bonds are subject to call for redemption, <br />except from moneys in excess of the amounts set aside or depo- <br />sited for the redemption of Term Bonds. <br />(2) Subject to -the provisions of Paragraph (3) below, <br />whenever sufficient money is on deposit in the Bond Amortization <br />Account to redeem $5,000 or more principal amount of Term Bonds, <br />the County shall call for redemption from money in the Bond <br />Amortization Account such amount of Term Bonds then subject to <br />redemption as, with the redemption premium, if any, will exhaust. <br />the money then held in the Bond Amortization Account as nearly as <br />may <br />be practicable.. Prior to <br />calling Term Bonds for <br />redemption, <br />the <br />County shall withdraw from <br />the Bond Service Fund <br />and from the <br />Bond Amortization Account therein and set aside in separate <br />accounts or deposit with the paying agents the respective amounts <br />required for paying the interest on and the principal of and <br />redemption premium applicable to the Term Bonds so called for <br />redemption. <br />(3) Moneys in the Bond Amortization Account shall be <br />applied by the County in each Fiscal Year to the retirement of <br />Term Bonds then outstanding in the following order: <br />(a) The Term Bonds of each installment—of Bonds to the <br />extent of the. Amortization Installment, if any, for such Fiscal <br />Year for the Term Bonds of each such installment then <br />outstanding, plus the applicable premium, if any, and, if the <br />amount available in such Fiscal Year shall not be sufficient <br />AUG 17 1983 <br />-26- <br />BOOK PACET'31�. <br />