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Carolina, or, at the option of the bearer, at Bankers <br />Trust Company, in the Borough of Manhattan, City and <br />State of New York, upon the presentation and surrender <br />...... Dollars <br />hereof. the sum of ..................... <br />in any coin or currency of the United States of America <br />which at the time of payment is legal tender for the <br />payment of public and private debts, as provided in and <br />for the semi-annual interest then due upon its School <br />Bond, dated December 1, 1977, numbered ..... . <br />[Facsimile si nature] <br />Clerk of Board of Commissioners <br />Section 4. Said bonds shall be registrable as to <br />principal only in accordance with the provisions for regis- <br />tration hereinabove in this resolution provided to be en- <br />dorsed upon said bonds, and the Clerk of the Board of Com- <br />' missioners for said County is hereby appointed Bond Regis- <br />trar for the reg istratign and registration of transfer of <br />said bonds, subject to the right of the governing body of <br />the County of Orange hereafter to appoint another Bond Re- <br />gistrar. No charge shall be made to any bondholder for <br />the privilege of registration and registration of transfer <br />herein granted. <br />Section 5. The actions of the County Manager and <br />the Finance Director and Assistant County Manager of said <br />County in applying to the Local Government Commission of <br />North Carolina to advertise and sell said bonds are here- <br />. ... 8 . <br />