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[The following four paragraphs are to be included in the form of Bond <br />so long as the Bonds are being issued pursuant to a book -entry system.] <br />The Bonds initially are being issued by means of a book -entry system with no physical <br />distribution of Bond certificates to be made except as provided in the Resolution. Initially one <br />fully registered Bond certificate for each stated maturity of the Bonds, in the aggregate principal <br />amount of the Bonds of such stated maturity and registered in the name of the Securities <br />Depository Nominee (as defined in the Resolution), a nominee of the Securities Depository (as <br />defined in the Resolution), is being issued and required to be deposited with the Securities <br />Depository and immobilized in its custody. The book -entry system of the Securities Depository <br />will evidence positions held in the Bonds by the Securities Depository's participants, with <br />beneficial ownership of the Bonds in the principal amount of $5,000 or any whole multiple <br />thereof being evidenced in the records of such participants. Transfers of beneficial ownership <br />will be effected on the records of the Securities Depository and its participants pursuant to rules <br />and procedures established by the Securities Depository and its participants. <br />The County and the Bond Registrar will recognize the Securities Depository Nominee or <br />the Securities Depository, as the case may be, while the registered owner of this Bond, as the <br />owner of this Bond for all purposes, including payments of principal of, redemption premium, if <br />any, and interest on this Bond, notices and voting. Transfer of principal and interest and any <br />redemption premium payments to participants of the Securities Depository will be the <br />responsibility of the Securities Depository, and transfer of principal and interest and any <br />redemption premium payments to beneficial owners of the Bonds by participants of the <br />Securities Depository will be the responsibility of such participants and other nominees of such <br />beneficial owners. The County and the Bond Registrar will not be responsible or liable for such <br />transfers of payments or for maintaining, supervising or reviewing records maintained by the <br />Securities Depository, its participants or persons acting through such participants. <br />While the Securities Depository Nominee or the Securities Depository, as the case may <br />be, is the owner of this Bond, notwithstanding the provisions hereinabove contained, payments <br />of principal of, redemption premium, if any, and interest on this Bond shall be made to the <br />Securities Depository Nominee or the Securities Depository, as the case may be, by wire transfer <br />11 <br />Attachment number 2 <br />G -1 Page 198 <br />