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2024 Bonds or portions of Series 2024 Bonds shall cease to bear interest. Upon surrender <br />of such Series 2024 Bonds for redemption in accordance with said notice, such Series 2024 <br />Bonds shall be paid by the Registrar and/or Paying Agent at the appropriate Redemption <br />Price, plus accrued interest. All Series 2024 Bonds which have been redeemed shall be <br />canceled by the Registrar and shall not be reissued. <br />Purchase in Lieu of Optional Redemption <br />Notwithstanding anything in this Resolution to the contrary, at any time the Series <br />2024 Bonds are subject to optional redemption pursuant to the Bond Resolution, all or a <br />portion of the Series 2024 Bonds to be redeemed as specified in the notice of redemption, <br />may be purchased by the Paying Agent, as trustee, at the direction of the County, on the <br />date which would be the redemption date if such Series 2024 Bonds were redeemed rather <br />than purchased in lieu thereof at a purchase price equal to the redemption price which <br />would have been applicable to such Series 2024 Bonds on the redemption date for the <br />account of and at the direction of the County who shall give the Paying Agent, as trustee, <br />notice at least ten days prior to the scheduled redemption date accompanied by an opinion <br />of Bond Counsel to the effect that such purchase will not adversely affect the exclusion <br />from gross income for federal income tax purposes of interest on such Series 2024 Bonds <br />or any other Outstanding Bonds. In the event the Paying Agent, as trustee, is so directed <br />to purchase Series 2024 Bonds in lieu of optional redemption, no notice to the holders of <br />the Series 2024 Bonds to be so purchased (other than the notice of redemption otherwise <br />required under this Resolution) shall be required, and the Paying Agent, as trustee, shall be <br />authorized to apply to such purchase the funds which would have been used to pay the <br />redemption price for such Bonds if such Series 2024 Bonds had been redeemed rather than <br />purchased. Each Series 2024 Bond so purchased shall not be canceled or discharged and <br />shall be registered in the name of the County. Series 2024 Bonds to be purchased under <br />the Bond Resolution in the manner set forth above which are not delivered to the Paying <br />Agent, as trustee, on the purchase date shall be deemed to have been so purchased and not <br />optionally redeemed on the purchase date and shall cease to accrue interest as to the former <br />holder thereof on the purchase date. <br />[Remainder of page intentionally left blank] <br />13 <br />