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the amount necessary to retire principal of the Bonds on each April 1 as set forth in Section 2 of <br />this resolution at a redemption price equal 100% of the principal amount to be so redeemed, plus <br />accrued interest to the date fixed for redemption. In the event that any of the Term Bonds are <br />redeemed in part pursuant to the optional redemption provisions set forth in the immediately <br />preceding paragraph, the mandatory redemption requirements for the remaining Term Bonds of <br />the same maturity shall be reduced in an aggregate amount equal to the amount of Term Bonds of <br />the same maturity so redeemed in the years and amounts designated by the Finance Director of <br />the County to the Bond Registrar. <br />If less than all of the Bonds of any one maturity shall be called for redemption, the <br />particular Bonds or portions of Bonds of such maturity to be redeemed shall be selected by lot in <br />such manner as the County in its discretion may determine; provided, however, that the portion <br />of any Bond to be redeemed shall be in the principal amount of $5,000 or any whole multiple <br />thereof and that, in selecting Bonds for redemption, each Bond shall be considered as <br />representing that number of Bonds which is obtained by dividing the principal amount of such <br />Bond by $5,000. So long as a book -entry system with DTC is used for determining beneficial <br />ownership of Bonds, if less than all of the Bonds within the maturity are to be redeemed, DTC <br />and its participants shall determine which of the Bonds within a maturity are to be redeemed by <br />lot. If less than all of the Bonds stated to mature on different dates shall be called for <br />redemption, the particular Bonds or portions thereof of each maturity to be redeemed shall be <br />called in such manner as the County may determine. <br />Not more than sixty (60) nor less than thirty (30) days before the redemption date of any <br />Bonds to be redeemed, whether such redemption be in whole or in part, the County shall cause a <br />notice of such redemption to be filed with the Bond Registrar and to be mailed, postage prepaid, <br />to the registered owner of each Bond to be redeemed in whole or in part to his address appearing <br />upon the registration books of the County, provided that such notice to Cede & Co. shall be given <br />by certified or registered mail or otherwise as prescribed by DTC. Failure to mail such notice or <br />any defect therein shall not affect the validity of the redemption with regard to registered owners <br />to whom such notice was properly given. Each such notice shall set forth the date designated for <br />redemption, the redemption price to be paid and the maturities of the Bonds to be redeemed. In <br />the event that Certificated Bonds are outstanding, each such notice to the registered owners <br />thereof shall also set forth, if less than all of the Bonds of any maturity then outstanding shall be <br />called for redemption, the distinctive numbers and letters, if any, of such Bonds to be redeemed <br />and, in the case of any Bond to be redeemed in part only, the portion of the principal amount <br />thereof to be redeemed. If any Bond is to be redeemed in part only, the notice of redemption <br />shall state also that on or after the redemption date, upon surrender of such Bond, a new Bond or <br />Bonds in principal amount equal to the unredeemed portion of such Bond will be issued. <br />Any notice of redemption, except a notice of redemption in respect of a mandatory <br />sinking fund redemption, may state that the redemption to be effected is conditioned upon the <br />receipt by the Bond Registrar on or prior to the redemption date of moneys sufficient to pay the <br />principal of and interest on the Bonds to be redeemed, and that if such moneys are not so <br />received, such notice shall be of no force or effect and such Bond shall not be required to be <br />redeemed. In the event that such notice contains such a condition and moneys sufficient to pay <br />the redemption price and interest on such Bonds are not received by the Bond Registrar on or <br />10 <br />