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to accrue on any Series 1992 Bond duly called for prior redemption on the redemption date, if payment thereof has been duly provided. The privilege of transfer or exchange of any of the Series 1992 Bonds so called for redemption is suspended for a period commencing fifteen (15) days preceding the mailing of the notice of redemption and ending on the redemption date. Failure to mail any notice of redemption or any defect therein or in the mailing thereof will not affect the validity of any proceedings for redemption of other Series 1992 Bonds so called for redemption. Registration, Transfer and Exchange All Series 1992 Bonds presented for transfer, exchange, redemption or payment (if so required by the County or the Bond Registrar) shall be accompanied by a written instrument or instruments of transfer or authorization for exchange, in form and with guaranty of signature satisfactory to the County or the Bond Registrar, duly executed by the Registered Owner or by his duly authorized attorney. The County and the Bond Registrar may charge the Registered Owner a sum sufficient to reimburse them for any expenses incurred in making any exchange or transfer. The Bond Registrar or the County may require payment from the Registered Owner or his transferee, as the case may be, of a sum sufficient to cover any tax, fee or other governmental charge that may be imposed in relation thereto. Such charges and expenses shall be paid before any such new Series 1992 Bond shall be delivered. The County and the Bond Registrar may treat the Registered Owner of any Series 1992 Bond as the absolute owner thereof for all purposes, and shall not be bound by any notice to the contrary. SECURITY FOR THE SERIES 1992 BONDS The Series 1992 Bonds shall not be or constitute general or moral obligations or a pledge of the faith, credit or taxing power of the County, the State of Florida, or any political subdivision thereof, or an Indebtedness of any of them as "bonds" within the meaning of the Constitution of the State of Florida, but shall be special obligations of the County payable solely from and secured solely by a lien upon and pledge of the Pledged Funds as more fully described herein. No Registered Owner shall ever have the right to compel the exercise of the ad valorem taxing power of the County, the State of Florida or any political subdivision thereof or taxation in any form of any real property therein, to pay the Series 1992 Bonds or the interest thereon, or be entitled to payment of such principal and interest from any funds of the County other than Pledged Funds. Pledged Funds The Series 1992 Bonds are special obligations of the County payable solely from and secured by an irrevocable pledge of the receipts by the County from the proceeds of the local government half -cent sales tax as defined and described in, and distributed (including any emergency distributions) to the County under Part VI, Chapter 218, Florida Statutes ((he "Half -Cent Sales Tax") and, until applied as provided in the Resolution, the moneys and investments in the funds and accounts under the Resolution and the income and earnings from investments in any fund or account (other than the Rebate Fund) held thereunder (collectively, the "Pledged Funds"), all in the manner provided in the Resolution. Pursuant to the Resolution, the County has reserved the right to issue Additional Parity Obligations payable on a parity with the Series 1992 Bonds in the manner and upon the conditions provided in the Resolution (see "Issuance of Additional Parity Obligations" below). The Series 1992 Bonds are secured on a parity with the remaining outstanding Series 1985 Bonds.