Orange County NC Website
8. Form of Bonds -- The Bonds will be in substantially the form set out in <br />Exhibit A. The Bonds will be dated April 1, 2003, will be in fully registered form, in <br />denominations of $5,000 and integral multiples thereof, and will be numbered R-1 <br />upward separately within each series or consecutively across the series, as the <br />Finance Officer may determine. <br />The Bonds must be signed by the manual or facsimile signature of the Board's <br />Chair, must be countersigned by the manual or facsimile signature of the Board's <br />Clerk or any Assistant Clerk, and the County's seal must be affixed thereto or a <br />facsimile thereof printed thereon. No Bond will be valid unless at least one of the <br />signatures appearing on such Bond (which may be the signature of the LGC's <br />representative required by law) is manually .applied or until such Bond has been <br />authenticated by the manual signature of an authorized officer or employee of a bond <br />registrar selected by the County. <br />9. Finance Officer as Registrar; Payments to Registered Owners -- The <br />Finance Officer is appointed Registrar for the Bonds. As Registrar, the Finance <br />Officer will maintain appropriate books and records of the ownership of the Bonds. <br />The County will treat the registered owner of each Bond as the person exclusively <br />entitled to payment of principal, premium, if any, and interest and the exercise of all <br />rights and powers of the owner, except that interest payments will be made to the <br />person shown as owner on the registration books on the 15th day of the month <br />preceding each interest payment date. <br />10. Advertising Bonds for Sale -- There has been made available to <br />the Board a draft of a Notice of Sale and Bid Form relating to the Bonds (the "Notice <br />of Sale"). The Finance Officer, in collaboration with the LGC, is authorized and <br />directed to take all proper steps to advertise the Bonds for sale substantially in <br />accordance with the draft Notice of Sale, which is approved, provided that the <br />Finance Officer, in collaboration with the LGC, may make such changes in the Notice <br />of Sale not inconsistent with this resolution as such officer may consider to be in the <br />County's best interest. <br />In addition, the Finance.Officer is authorized and directed to provide for the <br />publication of a notice. of sale of the Bonds, in such form as such officer may <br />determine, at least one time each in both (a) a newspaper having general circulation <br />85902.1 <br />