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f~;` ~i~~ (Endorsement ssnon Bonds) CERTIFICATE OF LOCAL GOVERNhiE11T COTd;.iISSION The issuznce of the within bond has been approved under the provisions h of the Local Government Act of Il orth Caroline. ~ Vf. E. EASTERLIIVG Secretary, Loc el GovernmenC Commission Sy De signeted Assistant PROVISSO?1S FOR REGISTRATION This bond may be registered es to print inel alone in the Bond Register of the County of Orange by the County Accountant es 3ond Ragistra r, or by such other Hond Registrar es may be legally appointed by the governing body of . said County, upon presentation hereof to the Hond Registrar who shall make notation of such registration in the rog istrati on 'olank below, and this bond may thereafter be tr¢nsferred only anon e duly executed assi.rnment of the ' registered ovrner or his attorney in such form es shell be sati sfec fogy to the Hond Registrar, such transfer to be made on such Hond Register end endorsed hereon by the Bond Registrar. Such transfer may be to bearer end thereby transferability by dolive ry shall be restored, but this bond shell again be sub,j act to successive ragis tretions and trap sfers es before. The principal of this bond, if registered, unless registered to bearer, shell be payable only to or upon the order of the registered owner or his legal repreaentetive. IPot- withstanding the registration of this bond es to principal alone, the coupons shall remain pageble to bearer and shell continue to be trensfer¢b1e by deliver . D¢te of Neme of Signe£ure of Rezistr¢tion Re¢i ste red Ocaer Bond Registrar (F f C ) orm o oupons No. on 1, 19_, the County of Orange, North Cer oline, grill p¢y to bearer at the Central Hanover Benk and Trust Comoany, in the Borough of 1Cenhatt¢n, City and State of New York, noon the presentation and surrender hereof, the sum of Dollars in any coin or currency of t're IInlted States of Ama ri ca crhich et the time of payment is legal tender for the payment of public and private debts, as provided in ¢nd rog the semi-annual interest then due uaon its School Huild- ing Bond, Sari ea , dated Decsmber 1, 1850, numbered ' Register of Deeds and ex officio Clerk of Board of Co:mnis si oners Section 5, That said bonds shall be ragis terable es to nrincinel alone in actor Bence vrith the orovisi ons for registration hereinabove in this resolution provided to be endorsed upon said bonds, end the County Acc ountent is hereby appointed Hond Registrar for the purpose ,of such registration, subject to tho right of the Hoard of Commissioners hereafter to appoint another Bond Registrar. tvo charge shall be made to any bondholder for the privilege of registration herein granted. - Upon motion of Commissioner Eflend, seconded by Commissioner Laws, the _ foregoing resolution entitled: "RESOLUTI Oif FIXISiG THE DETAI LB, AiVD r^ORid APiD 1dA1P.dER OR EXECUTION OF 51,000,000 SCHOOL BUILDING BONDS, AND PROVIDiliO FOR THE AEGI STRAT I041 THEREOF", was na ssed by the follorri ng vote: Ayes: Conmmissi oners Cobb, Eflaad end Lerrs ~ Noes: None. - The reunon Commissioner Eflend introduced the following resolution which was read: RESOLUTI OP7 PROVIDiRG FOR T.RE ISSUANCE OF 5735,000 SCHOOL BUILDING B@IDS, SERIES A. BE IT li/SOLVED by the Board of Corsnissionars for the County of Orange: Section 1. That the Board of Commissioners has de to rmined end does hereby find and declare: