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<br />state~ maturity. If any of the Bonds are to be redeemable before their stated maturity, the <br />provisions set forth in the remainder of this Section 7 shall apply; but such provisions shall be <br />inapplicable if none of the Bonds are subject to redemption prior to their stated maturity. <br /> <br />The Bonds maturing prior to March I, 2017 will not be subject to redemption prior to <br /> <br />maturity. The Bonds maturing on March 1,2017 and thereafter will be redeemable, at the option <br /> <br />of the County, from any moneys that may be made available for such purpose, either in whole or <br /> <br />in part on any date not earlier than March I, 2016, at a redemption price equal to 100% of the <br /> <br />principal amount of the Bonds to be redeemed, together with interest accrued thereon to the date <br /> <br />fixed for redemption. <br />If less than all of the Bonds of anyone maturity shall be called for redemption then, <br /> <br /> <br />subject to the immediately following sentence, the particular Bonds or portions of Bonds of such <br /> <br /> <br />maturity to be redeemed shall be selected by lot in such manner as the County in its discretion <br /> <br /> <br />may determine; provided, however, that the portion of any Bond to be redeemed shall be in the <br /> <br />principal amount of $5,000 or some whole multiple thereof and that, in selecting Bonds for <br /> <br />redemption, each Bond shall be considered as representing that number of Bonds which is <br /> <br />obtained by dividing the principal amount of such Bond by $5,000. So long as a book-entry <br /> <br />system is used for determining beneficial ownership of the Bonds, if less than all of the Bonds of <br /> <br /> <br />anyone maturity shall be called for redemption, the Securities Depository shall determine by lot <br /> <br /> <br />the amount of interest of each direct participant of the Securities Depository in the Bonds within <br /> <br /> <br />such maturity to be redeemed. If less than all of the Bonds stated to mature on different dates <br /> <br />shall be called for redemption, the particular Bonds or portions thereof to be redeemed shall be <br /> <br />called in such maturities and amounts of those maturities as shall be determined by the County. <br /> <br />17 <br /> <br />F-5 <br />