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the payment, when due, of the principal of or redemption price, if <br />applicable, of the Bonds for the payment or redemption of which <br />they were deposited and the interest accruing thereon to the date <br />of maturity or redemption; provided, however, the Issuer may <br />substitute new Federal Securities and moneys for the deposited <br />Federal Securities and moneys if the new Federal Securities and <br />moneys are sufficient to pay the principal of or redemption price, <br />if applicable, and interest on the obligations being refunded. <br />In the event the Bonds for which moneys are to be deposited <br />for the payment thereof in accordance with this Section 20 are not <br />by their terms subject to redemption within the next succeeding <br />sixty (60) days, the County shall cause the Registrar to mail a <br />notice to the Owners of such Bonds tint the deposit required by <br />this Section 20 of moneys or Federal Securities has been made and <br />said Bonds are deemed to be paid in accordance with the provisions <br />of this Section and stating such maturity or redemption date upon <br />which moneys are to be available for the payment of the principal <br />of or redemption price, if applicable, and interest on said Bonds. <br />Nothing herein shall be deemed to require the County to call <br />any of the outstanding Bonds for redemption prior to maturity <br />pursuant to any applicable optional redemption provisions, or to <br />impair the discretion of the County in determining whether to <br />exercise any such option for early redemption. <br />SECTION 21. BOND ANTICIPATION NOTES AUTHORIZED. In antici- <br />pation of the receipt of the proceeds of the sale of the Bonds, the <br />County shall have power to borrow money for the purposes for which <br />20 <br />