Orange County NC Website
Lr. u .~ <br />FIVE THOUSAND DOLLARS <br />and to pay interest thereon from the date hereof at the ' <br />rate af ................................... per centum <br />(......$) per annum until payment of such principal sum, <br />such interest to the maturity hereof being payable semi- <br />annually on the 1st days of June and December in each year <br />upon the presentation and surrender of the coupons repre- <br />senting such interest as the same respectively become due. <br />Both the principal of and the interest on this bond are <br />payable at Wachpvia Bank and Trust Company, N.A., in the <br />City of Winston-Salem, North Carolina, or, at the option <br />of the holder or registered owner, at Bankers Trust Company, <br />in the Borough of Manhattan, City and State of New York, <br />in any coin or currency of the United States of America <br />which, at the respective dates of payment thereof, is legal <br />tender for the payment of public and private debts. For <br />the prompt hereof, both principal and interest as the same <br />shall become due, the full faith and credit of said County <br />of Orange are hereby irrevocably pledged. <br />This bond is one of an issue of bonds issued by said <br />County for the purpose of providing funds, with any other <br />available funds, far providing additiona], school facili- <br />ties in said County, and this bond is issued under and <br />pursuant to The Local Government Bond Act, as amended, <br />Article 7, as amended, of Chapter 159 of the General <br />Statues of North Carolina, an order which was approved <br />by the vote of a majority of the qualified voters of <br />4. <br />