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DESCRIPTION OF THE SERIES 1992 BONDS <br />The Series 1992 Bonds will be dated October 1, 1992, and will bear interest from such date at the <br />rates per annum as set forth on the cover page hereof, payable on March 1, 1993, and semiannually <br />thereafter on each March 1 and September 1 and will mature on September 1 on the years and principal <br />amounts as set forth on the cover page hereof. <br />The Series 1992 Bonds will be issued in fully registered form in the denominations of $5,000 or any <br />integral multiple thereof. Principal and any redemption premium is payable upon surrender of the Series <br />1992 Bonds at the principal corporate trust office of NationsBank Trust, the Paying Agent and Bond <br />Registrar. Interest will be payable by check or draft mailed to each registered owner at his address as it <br />appears on the registration books kept by the Bond Registrar on the fifteenth day of the month preceding <br />the applicable interest payment date. At the option of any Registered Owner of $1,000,000 or more in <br />principal amount of the Series 1992 Bonds, interest shall be payable by wire transfer pursuant to written <br />instructions from such Registered Owner. <br />Optional Redemption <br />The Series 1992 Bonds maturing on or before will not be subject <br />to optional redemption by the County. Series 1992 Bonds maturing on or after <br />are subject to redemption prior to maturity at the option of the County, in whole or in part on <br />any date, on or after . The County may select the maturities of the Series <br />1992 Bonds to be redeemed and if less than all bonds of a maturity are to be called for redemption, the <br />selection of the particular Series 1992 Bonds to be called for redemption shall be by lot in any customary <br />manner of selection as designated by the County, and any such redemption, either in whole or in part, shall <br />be made at the following prices (expressed below as a percentage of the principal amount being redeemed), <br />plus accrued interest to the redemption date: <br />Redemption Period <br />(Both dates inclusive) Redemption Price <br />Mandatory Redemption <br />The Series 1992 Term Bonds maturing on <br />mandatory redemption and shall be callable by lot at par plus accrued interest on <br />_, in the following years: <br />September 1 of <br />Year Principal Amount <br />Notice of Redemption <br />shall be subject to <br />Notice of such redemption of the Series 1992 Bonds shall, at least thirty (30) days prior to the <br />redemption date: (i) be filed with the Bond Registrar and Paying Agent; and (ii) be mailed, postage prepaid, <br />to all Registered Owners of Bonds to be redeemed at their addresses as they appear of record on the books <br />of the Bond Registrar as of forty five (45) days prior to the date fixed for redemption. Interest shall cease <br />