Orange County NC Website
zz w <br />''his bond or any part hereof at the time outs~anding <br />.;,ay be redeemed,- at the option of said Coun~y at any time prior <br />to the maturity of any installment of the principal hereof, <br />either in whole or in part in the inverse order of the maturity <br />dates of the installments of principal, from any moneys that may <br />be made available for such pur~ose,.at the aggregate principal <br />amount of the installments of principal to be redeemed; together <br />with the interest accrued thereon to the date fixed for <br />redemption, but without any premium. <br />On the date designated for redemption, notice having <br />been given and moneys for payment of the redemption price being <br />held in trust for such purpose, all as provided in said resolu- <br />tion, this band or part hereof shall become and be due and pay- <br />able, and the interest on this band or part hereof so redeemed ~ - <br />shall cease to accrue. <br />The Bond Registrar shall not be repaired to exchange or <br />register any transfer of (i) any bond during a period beginning <br />at the opening of business fifteen (15) days before the day of <br />the mailing of a notice of redemption of bonds ar any portion <br />thereof and ending at the close of business on the day of such <br />mailing oz (ii) any band called for zedemption in whole or in <br />part pursuant to said resolution. <br />It is hereby certified and recited that all acts, con- <br />ditions, and ~~hings required by the Constitution and laws of <br />.~.:...~,.r <br />North Carolina to happen, exist, and be performed precedent to <br />and in the issuance of this bond have happened, exist, and have _~ <br />been performed in regular and due form and time as sa required; ~~ <br />that provision has been made for the levy and collection of a <br />direct annual tax upon all taxable property within said County ~: <br />sufficient to pay the principal of and the interest on this bond <br />as the same shall became due; and that ~~he total indebtedness of <br />-, <br />