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be made to any Bondholder for the privilege of exchanging or registering the transfer of Series 2009 Bonds under the provisions of this Resolution. SECTION 12. OWNERSHIP OF SERIES 2009 BONDS. The person in whose name any Bond shall be registered shall be deemed and regarded as the absolute owner thereof for all purposes, and payment of or on account of the principal or redemption price of any such Bond, and the interest on any such Series 2009 Bonds shall be made only to or upon the order of the registered owner thereof or his legal representative. All such payments shall be valid and effectual to satisfy and discharge the liability upon such Bond including the premium, if any, and interest thereon to the extent of the sum or sums so paid. SECTION 13. SERIES 2009 BONDS MUTILATED, DESTROYED, STOLEN OR LOST. In case any Bond shall become mutilated, or be destroyed, stolen or lost, the County may in its discretion cause to be executed, and the Registrar shall authenticate and deliver, a new Bond of like date and tenor as the Bond so mutilated, destroyed, stolen or lost, in exchange and substitution for such mutilated Bond upon surrender and cancellation of such mutilated Bond or in lieu of and substitution for the Bond destroyed, stolen or lost, and upon the Holder furnishing the County and the Registrar proof of his ownership thereof and satisfactory indemnity and complying with such other reasonable regulations and conditions as the County and the Registrar may prescribe and paying such expenses as the County and the Registrar may incur. All Series 2009 Bonds so surrendered shall be canceled by the County. If any of the Series 2009 Bonds shall have matured or be about to mature, instead of issuing a substitute Bond, the County may pay the same, upon being indemnified as aforesaid, and if such Bond be lost, stolen or destroyed, without surrender thereof. Any such duplicate Series 2009 Bonds issued pursuant to this Section shall constitute original, additional contractual obligations on the part of the County whether or not the lost, stolen or destroyed Series 2009 Bonds be at any time found by anyone, and such duplicate Series 2009 Bonds shall be entitled to equal and proportionate benefits and rights as to lien on and source and security for payment from the funds, as hereinafter pledged, to the same extent as all other Series 2009 Bonds issued hereunder. SECTION 14. PROVISIONS FOR REDEMPTION. The Series 2009 Bonds shall be subject to redemption prior to their maturity, at the option of the County, at such times and in such manner as shall be set forth in the Bond Purchase Contract herein authorized at the time of sale of the Series 2009 Bonds, provided the first optional redemption date shall be no later than 2019 at a redemption premium of not more than two percent (2%). Notice of such redemption shall be provided in accordance with the provisions of the Original Resolution. When notice of redemption is given, Series 2009 Bonds called VA