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12 g <br />The bonds maturing on and after June 1, 1997 shall <br />4F <br />0.1 <br />e <br />be subject to redemption prior to their stated maturities at <br />the option of the County on or after June 1, 1996, in'whole <br />at any time or in part on any interest payment date, at a <br />redemption price equal to the principal amount of each bond <br />to be redeemed together with accrued interest thereon to the <br />redemption date plus a redemption premium of one-half of one <br />percent (1/2 of 1%) of the principal amount of each bond to <br />be redeemed for each calendar year or part thereof between <br />the redemption date and the maturity date of each bond to be <br />redeemed, provided that such premium shall not exceed two <br />percent.of such principal amount. If less than all of the <br />bonds of any maturity are called for redemption, the bonds <br />to be redeemed shall be selected by lot. If less than all <br />of the bonds of different maturities are called for redemp- <br />tion, the bonds to be redeemed shall be called in the in- <br />verse order of their maturities. If less than all of the <br />principal amount of a single bond is to be redeemed, the <br />County shall exchange a bond of the denomination represent- <br />ing the portion of the bond not redeemed to the registered <br />owner in exchange for the bond, a portion of which is to be <br />redeemed. Whenever the County shall elect to redeem bonds, <br />notice of such redemption of bonds, stating the redemption <br />date, redemption price and identifying the bonds or portions <br />thereof to be redeemed by reference to their numbers and <br />further stating that on such redemption date there shall <br />become due and payable upon each bond or portions thereof so <br />to be redeemed, the principal thereof, redemption premium <br />