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43~ Courthouse Bond Anticipation Note The County oT Orange, North Carolina, Ss wstly Indebted and for value received hereby promisee to pay to the bearer on the 20th day oP December, 1952, the principal sum oS DOLLARS and to pay inter est thereon from the date hereof at the rate of __ per centum per annum, payable upon the pre eentati on and surrender of this note at its maturity. Both the pria cipal of and the interest on this note are pay- able at the in the City of , For the prompt payment hereof, both principal end int eraet ea the same fall due, the full faith and credit of said Covntg of Orange are hereby irrevocably pledged. This note 1a issued by said County in anticipation of the receipt of the proceeds of a like amount of Courthouse Bonds duly authorized by as order finally passed on October 17, 1949, which order was approved by the vote of a ma~orltp of the quali£iad ootere of said County who voted thereon at an ela etion duly called and held, and this note Ss issued pursuant to and ip full compliance with The County Finance Act, sa emended, and the Local Government Act, ea emended, and a resolution duly passed by the Board of Commis si ones for said County. It is hereby certified and recited that all acts, conditions and th iags required to happen, exist and be done by the laws and Conatltutlon of North Carolina precedent to and in the issuance of thin note have happsnsd, axi et end have been done in regular and due form and time ea so required, and that the total indebtedness of said County, lnc luding this note, does not exceed any constitutional or statutory limitation thereon. IIi l7ITiiE SS {YfR';REOF, said County of Orange, pursuant to said resolution. of its Board of Commissioners, has c¢used this note to be ai gned by the Chsirman of geld Bonrd and by the Register of Deeds end ax officio Clerk of said Board, under the corporate seal of said Board, all ea of the 20th day of June, 19$2. Chairman of Hoard of Commissioners ~-~ Register of Deeds sad ex officio Clerk of Board of Commis al onars Tho issuance of the within note is hereby approved. County Attorney (To be endorsed upon raver ae of not ea) Local Government Commission Serial No. .. ,. The issuance of this note has been approved under the provisions of the Local Government Act of North Carolina. {Y. E. EASTERLING, Secretary Local Government Commie ei on By Designated ssis tent Sscti on 4. That the action of the County Attorney in applying to the Local Government Commission to advertise end sell said notes, and the action of the Local Government Commie Sion in asking Por sealed bids for said notes (by publishing a sale notice and printing and diatribut ing circulars), be and the same are hereby ratified and confirmed. Commissioner Efl and moved the pa esage of the Sorego ing resolution entitled "RESOLDTION PROVIDING FOR THE ISSIIANCE OF 5250,000 CODRTHONSE BOND ANTICIPATION NOTES DATED JDIIE 20, 1952" and Coarmis sinner Forrest seconded the motion and the reaolut ion mae passed by the following vote: Ages: Commie sinners Cobb> Forrest sad Efland. Noes: None. IIpon motion, duly made and seconded, the following pe titione were and ordered sent to the State Highway and Public Ylorks Commission, for c onsideratlon.