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Il <br /> redemption. The County is not responsible for sending notices of redemption to <br /> anyone other than DTC or its nominee. <br /> If (a) DTC determines not to continue to act as securities depository for the <br /> Bonds or (b) the County so elects, the County will discontinue the book-entry system <br /> with DTC. If the County fails to identify another qualified securities depository to <br /> replace DTC, the County will deliver replacement Bonds in the form of fully- <br /> registered certificates. <br /> The County Finance Officer has been appointed Registrar for the Bonds. As <br /> Registrar, the Finance Officer will maintain appropriate books and records indicating <br /> ownership of the Bonds. The County will treat the registered owner of this Bond as <br /> the person exclusively entitled to payment of principal, premium, if any, and interest <br /> and the exercise of all other rights and powers of the owner, except that interest <br /> payments will be made to the person shown as owner on the County's registration <br /> books on the 15th day of the month preceding each interest payment date. <br /> All acts, conditions and things required by the Constitution and laws of the <br /> State of North Carolina to happen, exist or be performed precedent to and in the <br /> issuance of this Bond have happened, exist and have been performed, and the issue of <br /> Bonds of which this Bond is one, together will all other indebtedness of the County, is <br /> within every debt and other limit prescribed by the Constitution and laws of the State <br /> of North Carolina. <br /> IN WITNESS FMEREOF, Orange County, North Carolina, has caused this <br /> Bond to signed by the Chair of its Board of Commissioners, to be countersigned by <br /> the Clerk to such Board., its seal to be affixed hereto and this Bond to be dated June L <br /> 2001. <br /> COUNTERSIGNED: (SEAL) <br /> [Sample only—do not sign [Sample only—do not signj <br /> Clerk Board of Commissioners, Chair, Board of Commissioners, <br /> Orange County, North Carolina Orange County, North Carolina <br /> The Bonds have been approved by <br /> the North Carolina Local Government <br /> Commission in accordance with the <br /> Local Government Bond Act. <br /> Sample only—do not sign I <br /> Robert M. High <br /> Secretary, Local Government Commission <br />