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Owners thereof at their addresses as the same appear on the registration books <br />kept by the Bond Registrar on behalf of the County at 5:00 p.m. local time at <br />the location of the Bond Registrar on the fifteenth (15th) day of the month <br />immediately preceding the applicable interest payment date, at the interest <br />rates per annum set forth in the Proposal, shall mature on June 1 of the years <br />and in the principal amounts as determined in accordance with the Proposal and <br />the Notice of Sale and shall be subject to optional redemption as set forth in <br />the Preliminary Official Statement. <br />SECTION 3. First Union National Bank of Florida <br />St. Petersburg , Florida, is hereby appointed Paying Agent <br />and Bond Registrar for the Bonds. <br />SECTION 4. Pursuant to Section 17A of the Bond Resolution, the <br />deposit of $ -0_-0— of the proceeds from the sale of the Bonds, together <br />with the accrued interest on the Bonds, into the Sinking Fund created and <br />established under the Bond Resolution is hereby authorized and directed. <br />SECTION 5. Pursuant to Section 17B of the Bond Resolution, as <br />amended, the deposit of proceeds from the sale of the Bonds in an amount equal <br />to the maximum annual debt service on the Bonds in any subsequent fiscal year, <br />but not more than 10% of the proceeds of the Bonds, into the Reserve Account <br />created and established under the Bond Resolution is hereby authorized and <br />directed. <br />SECTION 6. The Preliminary Official Statement with respect to the <br />Bonds is hereby approved and ratified by the County, and the County hereby <br />3 <br />