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X <br />rights and powers of the owner, except that the County will make payments to the person <br />shown as the registered owner at the end of the calendar day on the 15th day (whether or <br />not a business day) of the month preceding the payment date. <br />The County intends that North Carolina law will govern the interpretation of the <br />terms of this Bond. <br />All acts, conditions and things required by the Constitution and laws of the State of <br />North Carolina to happen, exist or be performed precedent to and in the issuance of this <br />Bond have happened, exist and have been performed, and the issue of Bonds of which this <br />Bond is one, together will all other indebtedness of the County, is within every debt and <br />other limit prescribed by the Constitution and laws of the State of North Carolina. <br />IN WITNESS WHEREOF, the County has caused this Bond to be signed by its <br />County Manager, its seal to be affixed hereto and attested by the Clerk to its Board of <br />Commissioners, and this Bond to be dated April 1, 2015. <br />(SEAL) <br />ATTEST: <br />ORANGE COUNTY, <br />NORTH CAROLINA <br />Lsam le only - do not si,gn1 By: Lsample only - do not sign] <br />Clerk, Board of Commissioners County Manager <br />[[$15,500,0001 General Obligation Refunding Bond, Series 20151 <br />