Orange County NC Website
Browse       Search
Section 6. If the ~':nHA is the initial purchaser o` the 22 S <br />bands, there will be issued a single registered bond of the <br />issuer of the denaaination of $200,000, numbered R- 1, maturing in <br />annual installments an the lst day of June in the following years <br />and in the following amounts, respectively: <br />Year of Principal -Year of Principal <br />Maturity Amount Mat~lrity Amount <br />1990 $ 2,000 2009 $ 5,500 <br />1991 2,000 2010 6,000 <br />1992 2,000 2011 6,000 <br />?993 2,000 2D12 6,500 <br />1994 2,000 2013 7,000 <br />1995 2,OD0 2014 7,500 <br />1996 2,500 2015 8,000 <br />1997 Z, 500 207.6 8, 000 <br />1998 3,000 2017 8,D00 <br />1999 3,000 201$ 8,000 <br />2D00 3,000 2019 8,000 <br />2001 3,50D 2020 8,000 <br />2002 3,500 2021 8,000 <br />2003 4,000 2022 8,000 <br />2004 .4,000 2023 8,000 <br />2005 4,000 2024 8,000 <br />2006 4,500 2D25 8,000 <br />2007 5,OD0 2026 '8,000 <br />2008 5,OOD 2027 6,000 <br />and bearing interest on the unpaid part of such principal at the <br />"'' rate of 6.375-°s per annum until payment thereof. <br />Such band will not be defeased wi ~'~out the written <br />consent of the FmHA during such time as ~..he FmHA shall remain the <br />registered owner of such bond. <br />Such bond and the endorsements thereon shall be ~n <br />substantially the following forms: <br />