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the Securities Depository. In addition, so long as a book-entry <br />system is used for determining beneficial ownership of Bonds, if <br />less than all of the Bonds of any one maturity shall be called for <br />redemption, the Securities Depository shall determine by lot the <br />amount of interest of each direct participant of the Securities <br />Depository in the Bonds within such maturity to be redeemed. <br /> <br /> In certain events, the County may replace the Securities <br />Depository at the time with another qualified Securities <br />Depository. In certain events, the County may discontinue the <br />book-entry system and deliver replacement Bonds in the form of <br />fully registered certificates in the denomination of $5,000 or any <br />whole multiple thereof in exchange for the outstanding Bonds as <br />provided in the Resolution. <br /> <br /> At the office of the Bond Registrar, in the manner and subject <br />to the conditions provided in the Resolution, Bonds may be <br />exchanged for an equal aggregate principal amount of Bonds of the <br />same maturity, of authorized denominations and bearing interest at <br />the same rate. <br /> <br /> The Bond Registrar shall keep at its office the books of the <br />County for the registration of transfer of Bonds. The transfer of this <br />Bond may be registered only upon such books and as otherwise provided <br />in the Resolution upon the surrender hereof to the Bond Registrar <br />together with an assignment duly executed by the registered owner <br />hereof or his attorney or legal representative in such form as shall <br />be satisfactory to the Bond Registrar. Upon any such registration of <br />transfer, the Bond Registrar shall authenticate and deliver in <br />exchange for this Bond a new Bond or Bonds, registered in the name of <br /> <br />14 <br /> <br /> <br />