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SECTION 2. PUBLIC SALE. There are hereby authorized to be sold pursuant to a public sale not to exceed $15,000,000 Indian River County, Florida, General Obligation Bonds. SECTION 3. PROVISIONS FOR REDEMPTION. Series 1995 Bonds or portions thereof maturing in the years 1996 to 2003, both inclusive, are not redeemable prior to their stated dates of maturity. Series 1995 Bonds or portions thereof maturing on July 1, 2004 and thereafter are redeemable prior to their stated dates of maturity, at the option of the County as a whole or in part on July 1, 2003, or on any date thereafter, in such manner approved by the County, at a redemption price (expressed as a percentage of the principal amount thereof as set forth in the table below), together with accrued interest on the par amount so redeemed to the redemption date, if redeemed in the following periods: Redemption Period (both dates inclusive) Redemption Price (Percentage of Par) July 1, 2003 to June 30, 2004 102% July 1, 2004 to June 30, 2005 101 July 1, 2005 and thereafter 100 Notice of such redemption shall, not less than thirty (30) and not more than sixty (60) days prior to the redemption date, be filed with the Registrar, and mailed, postage prepaid, to all Owners of Bonds to be redeemed at their addresses as they appear on the registration books hereinbefore provided for, but failure to mail such notice to one or more Owners of Bonds shall not affect the validity of the proceedings for such redemption with respect to Owners of Bonds to which notice was duly mailed hereunder. Each such notice shall set forth (a) the numbers of the Bonds to be redeemed, by giving the individual certificate number of each Bond to be redeemed (or stating that all Bonds between two stated certi- ficate numbers, both inclusive, are to be redeemed, or that all of the Bonds of one or more maturities have been called for redemp- tion); (b) the CUSIP numbers of all Bonds being redeemed; (c) in the case of a partial redemption of Bonds, the principal amount of each Bond being redeemed; (d) the date of issue of the Bond as originally issued and the complete official name of the Bonds, including the series designation; (e) the rate or rates of interest borne by each Bond being redeemed; (f) the maturity date of each Bond being redeemed; (g) the place or places where amounts due upon such redemption will be payable; (h) the publication date, redemp- tion date and redemption price; and (i) the name, address, tele- phone number and contact person at the office of the Registrar with respect to such redemption. Notice of such redemption also shall be sent by the Registrar by overnight delivery service or other secure overnight means, postage prepaid, to any registered owner of $1,000,000 or more in aggregate principal amount of Bonds to be redeemed, to certain 2