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22 M <br />__ [Front Side of Bond] <br />No..... <br />United States of America <br />$.... <br />State of North Carolina - <br />CDUNTX OF ORANGc <br />Sanitary Sewer $ond <br />Maturity Date Interest Rate Cusiu <br />The County of Orange, in the State of Nor~h Carolina, <br />is justly indebted and far value received hereby promises to pay <br />to <br />or registered assigns ar legal representative on the <br />specified above, upon the presentation and surrender <br />the corpozate trust office of NCNB National Bank of <br />Carolina, in the City of Charlotte, North Carolina, <br />Registrar"), the principal sum of <br />date <br />hereof, at <br />1or`h <br />(the "Bond <br />--••---••-• ................DOLI~RS <br />and to pay interest an such principal sum fwam ~~he data hereof or <br />from the June 1 or December 1 next preceding the date of <br />authentication to`which interest shall have been paid, unless <br />such date of auL~henticatian is a June 1 or December 1 to which <br />interest shall have been paid, in which case from such date, such <br />interest to the maturity hereof being payable on June 1 and <br />December 1 in each year, at the rate per annum specified above, M1i~T: <br />until payment of such principal sum. The interest so payable on <br />any such interest payment date will be paid to the person in -~- - <br />whose name y~his bend (ar the previous bond or bonds evidencing ~~- <br />the same debt as that evidenced by this band) is registered at <br />the close of business on the record date for such interest, which <br />sha7.1 be the 15th day (whether ar not a businssS day) of the ~ ~ .., <br />calendar month next preceding such interest payment date, by <br />