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prior to the redemption date, the redemption shall not be made and the Bond Registrar shall <br />within a reasonable time thereafter give notice, in the manner in which the notice of redemption <br />was given, that such moneys were not so received. <br />On or before the date fixed for redemption, moneys shall be deposited with the Bond <br />Registrar to pay the principal of the Bonds or portions thereof called for redemption, as well as <br />the interest accruing thereon to such redemption date. <br />On the date fixed for redemption, notice having been given in the manner and under the <br />conditions hereinabove provided, the Bonds or portions thereof called for redemption shall be <br />due and payable at the redemption price provided therefor, plus accrued interest to such date. If <br />moneys sufficient to pay the redemption price of the Bonds or portions thereof to be redeemed, <br />plus accrued interest thereon to the date fixed for redemption, are held by the Bond Registrar in <br />trust for the registered owners of Bonds or portions thereof to be redeemed, interest on the Bonds <br />or portions thereof called for redemption shall cease to accrue, such Bonds or portions thereof <br />shall cease to be entitled to any benefits or security under this resolution or to be deemed <br />outstanding, and the registered owners of such Bonds or portions thereof shall have no rights in <br />respect thereof except to receive payment of the redemption price thereof, plus accrued interest <br />thereon to such redemption date. <br />If a portion of a Bond shall be selected for redemption, the registered owner thereof or his <br />attorney or legal representative shall present and surrender such Bond to the Bond Registrar for <br />payment of the principal amount thereof so called for redemption, and the Bond Registrar shall <br />authenticate and deliver to or upon the order of such registered owner or his legal representative, <br />without charge therefor, for the unredeemed portion of the principal amount of the Bond so <br />surrendered, a Bond or Bonds of the same maturity, of any denomination or denominations <br />authorized by this resolution and bearing interest at the same rate. <br />Section 5. Bonds, upon surrender thereof at the office of the Bond Registrar together <br />with an assignment duly executed by the registered owner or his or her attorney or legal <br />representative in such form as shall be satisfactory to the Bond Registrar, may, at the option of <br />the registered owner thereof, be exchanged for an equal aggregate principal amount of Bonds of <br />the same maturity, of any denomination or denominations authorized by this resolution and <br />bearing interest at the same rate. <br />The transfer of any Bond may be registered only upon the registration books of the <br />County upon the surrender thereof to the Bond Registrar together with an assignment duly <br />executed by the registered owner or his or her attorney or legal representative in such form as <br />shall be satisfactory to the Bond Registrar. Upon any such registration of transfer, the Bond <br />Registrar shall authenticate and deliver in exchange for such Bond a new Bond or Bonds, <br />registered in the name of the transferee, of any denomination or denominations authorized by this <br />resolution, in an aggregate principal amount equal to the unredeemed principal amount of such <br />Bond so surrendered, of the same maturity and bearing interest at the same rate. <br />In all cases in which Bonds shall be exchanged or the transfer of Bonds shall be <br />registered hereunder, the Bond Registrar shall authenticate and deliver at the earliest practicable <br />