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~5~ interest on this bond ere payable at the Central Hanover Banlt end Trust Company in the 9orough of hfanhettan, City and State of New York, in any coin or current of the United States o-' America which, ¢t the respective dates of payment there is legal tender for the payment of nubl is and pr ivete debts. For the prompt payment hereof, both nrinc ipal and interest as the same shall fail due, the ful faith and credit of said County of Orange are he rebp irrevocably pledged. This bond is one of a series issued by seid County, acting as ¢n adminis- trative anent of the State of North Carolin¢ in oroviding a State system of public schools, for the purpose of erecting end eeulpning an addition to en existing school building in order to maintain the six monthsr school term in said County es recuir ed by the Constitution, end this bond is issued under and pursuant to The County Finance Act, as amended, and the Loc a1 Government Act, ss amended, and an order end resolutions duly passed by the Hoard of Commis- sioners for seid County. It is hereby cartif ied and recited that all acts, conditions and things required to happen, exist and be performed precedent to and 1n the issuence of this bond by the Constitution end laws of North Carolina have henpene d, exist end have been performed in regular end duo form end time as so re ~Uire n; that nrovis ion h¢s been medo for the levy and collection of a direct annual tax upon all taxable nreoerty within seid County sufficient to peg the nrlncinel of end the interest on this bond es the same shell fall due; and that the total in- debtedness of said County, including the indebta due ss evidenced by this 'oond end all other indebto dness thoretofore con t: acted in the fiscal year in erhich the indobte dness evidenced by this bond Tres contrac tad, does not exceed any constitutional or statutory limltat ion thereon. This bond may be regia to red es to nrinc inel elope in accordance with the provisions endorsed hereon. ITi '71ITidESS "!HEREOF, said County of Orange, by order of its Hoard of Com- missioners, has caused this bond to be signed by the Chairman o: seid Hoard end by the Register of Deeds and ex officio Clerk of seid Hoard, under the cornorat se el of said Hoard, and has caused the interest coupons attached hereto to be executed with the facsimile si gnetura o_^ seid Register of Deeds and ex officio Clerk, all as of tho first day o_' December, 1950. Chairman of Board of Commissioners Rah s er o llee s and ez off cio Clerk of Board of Commissioners (Endorsements upon Hon ds) CERTIFICATE OF LOCAL GOVERIRSCSiT COS.II,tI SSI ON The issuence of the within bond has been approved under the provisions of the Loc el Government Act of North Carolina. Y7, E. EABTERLING, Secretary, Local Government Commission By Desi gn¢tod Assl stant PROM BI OPIB FOR REGr gTRATI ON This bond may be registered es to orincipel el one in the Bond Register of the County of Orange by the County Accountant es Hond Registrar, or by such other Bond Registrar es may be legal ly ennointed by the governing bodg of seid County, upon presentation hereof to the Bond Registrar who shall make notation of such registration in the registration blank below, and this bond may there- after be transferred only upon a duly executed assignment of the ragi stared acmer or his ¢t tornoy in such form ae shell be satisfactory to the Bond Regis- trar, such trnn afar to be made on such Hond Register end en aorsed hereon by the Bond Registrar. Such transf ar may be to bearer end thereby transferebili ty by delivery shall be rest or ad, but this bond shall again be sub fact to successive registrations and transfers as before. The nr incinel o' this bond, if re gisteri unless registered to 'Deere r, shall be payable only to or upon the order of the registered ocmer or his legal representative. Tlotwiths tending the registration of this bond as to nrinci Dal clone, the coupons shall remain neyeble to bearer end shell continue to be transferable by delivery. Date of Name of Signature of Rersistration Registered Osmer 9ond Regi stray i J