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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: e _ coq ORANGE COUNTY, <br /> ORTH CAROLINA <br /> 17 52 <br /> Clerk, Board o Commission County Manager <br /> [[$15,500,0001 General Obligation Refunding Bond, Series 20151 <br />