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Proposals for purchase of the Series 1995 Bonds will be received at the County office of the Director of Management and Budget, 1840 25th Street, Vero Beach, Florida, 32960, from the time that the Notice of Bond Sale is published until such date and time selected by the Director of Management and Budget prior to the pub-'Ucation of the Summary Notice of Sale. SECTION 7. APPROVAL OF FORMS. The Notice of Bond Sale and Summary Notice of male v€ AA Series 1995 Bonds and the official Bid Form to be submitted for purchase of the Series 1995 Bonds shall be in substantially the forms annexed hereto, as Exhibits A, B and C, respectively, together with such changes as shall be deemed necessary or desirable by the Director of Management and Budget, incorporated herein by reference. The Series 1995 Bonds shall be dated, shall mature and be subject to such further conditions as set forth in the Notice of Bond Sale. SECTION 8. BOOK ENTRY ONLY BONDS. It is in the best interest of the County and the residents and inhabitants thereof that the Bonds be issued utilizing a pure book -entry system of registration. In furtherance thereof, the County authorizes the execution and delivery of a Letter of Representation with the Depository Trust Company in substantially the form attached hereto as Exhibit D and the Chairman is hereby authorized to execute and deliver the Letter of Representation with such changes, insertions and omissions as shall be approved by the officer of the County executing the same_ in addition, in order to set forth the terms of such system of registration, the County hereby ratifies and approves the terms and conditions set forth on Exhibit E attached hereto. Such terms and provisions shall be deemed to be incorporated herein and in the Resolution as if set forth at length. For so long as the Bonds remain in such book entry only system of registration, in the event of a conflict between the provisions of the Resolution and the provisions of Exhibit E attached hereto the terms and provisions of Exhibit E shall prevail. SECTION 9. PAYMENT OF INTEREST. Payment of the interest on the Series 1995 Bonds shall be made by the Paying Agent on each interest payment date to the person appearing on the registration books of the Registrar as of the date fifteen (15) days prior to each interest payment date, as the registered Owner thereof, by check or draft mailed to such registered Owner at his address as it appears on such registration books; provided, however, that for any Owner of $1,000,000 or more in principal amount of Series 1995 Bonds, interest payments will, at the written request and at the expense of such Owner, be made by wire transfer or other medium acceptable to the Issuer and to the Owner. SECTION 10. PRELIMINARY OFFICIAL STATEMENT. The Chairman of the Board of County Commissioners and the Director of Management 2