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The Bonds shall be dated as of their date of delivery, shall be issued as fully registered Bonds, numbered consecutively from one upward in order of maturity with the prefix "R"; shall bear interest from their date of delivery, payable semi-annually, on (except as otherwise established by the County Administrator based on advice of the County's Financial Advisor) January 1 and July 1 of each year, commencing on January 1, 2025, at such rates and maturing in such amounts on July 1 of such years (except as otherwise established by the County Administrator based on advice of the County's Financial Advisor) as to be set forth in the Official Notice of Sale. The Bonds shall be issued in denominations of $5,000 and any integral multiple thereof. Each Bond shall bear interest from the Interest Date next preceding the date on which it is authenticated, unless authenticated on an Interest Date, in which case it shall bear interest from such Interest Date, or, unless authenticated prior to the first interest payment date, in which case it shall bear interest from its date; provided, however, that if at the time of authentication interest is in default, such Bond shall bear interest from the date to which interest shall have last been paid. The interest on the Bonds shall be calculated on the basis of a 360 -day year comprised of twelve 30 -day months. The principal of and the interest on the Bonds shall be payable in any coin or currency of the United States of America which on the respective dates of payment thereof is legal tender for the payment of public and private debts. The principal of the shall be payable only to the registered Holder or his legal representative at the principal corporate trust office of the Paying Agent, and payment of the interest on the shall be made by the Paying Agent on each interest payment date to the person appearing on the registration books of the Issuer hereinafter provided for as the registered Holder thereof, by electronic means, draft or check mailed to such registered Holder at his address as it appears on such registration books. Payment of the principal on all Bonds shall be made upon the presentation and surrender of such Bonds as the same shall become due and payable. The Bonds shall be subject to redemption prior to maturity as set forth below: The Bonds maturing on July 1, 2035, and thereafter are redeemable at the option of the County from any legally available source, in whole or in part and if in part, in any order of maturity selected by the County, at its discretion, and by lot within a maturity if less than an entire maturity is to be redeemed, on July 1, 2034, or at any time thereafter, at a redemption price equal to the principal amount of the Bonds to be redeemed, together with accrued interest to the date fixed for redemption. Notwithstanding the foregoing, if the County's Financial Advisor, upon consultation with the Chief Deputy Comptroller of the County, determines that market conditions require different or no optional redemption provisions for the Bonds or for certain maturities of the Bonds, such different optional redemption provisions or the exclusion of certain or all maturities of the Bonds from such optional redemption provisions will be deemed approved by the County so long as the maximum redemption premium does not exceed 1% and the first optional redemption period, if any, is not more than eleven (11) years from the date of issuance of the Bonds if the Bonds are to be subject to optional redemption. Any bonds which are designated as Term Bonds in accordance with the Official Notice of Sale shall also be subject to mandatory redemption prior to maturity by lot, in such manner as the 3 70