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5~~ Borough of 6fenhattan, City and State of New York, in any coin or currency of the IInited States of P.merica which, et the respective dates of payment there- of, is legal tender for the payment of public and private debts. Section 3. That said School Building Bonds shall be signed bq the Chair- ! men of the Board of Commissioners end by the Register of Deeds and ex officio Clark of said Board, under the corporate seal of said Board, end the interest -- coupons to be attached to said bonds shall be executed with the facsimile signature of said Aegister of Deeds and ex officio Clerk. Said bonds and coupons and the endorsements to be printed upon the reverse of said bonds shell be Sn substant lolly the following forma: No. e1,000 UNITED STATES On nt,~glCn State of North Carolina COUNTY OF ORANGE School Building Bond The County of Orange, in the State of !~io rth Carolina, is fustlp indebted end for value received hereby promises to pay to the bearer or, if this bond be registered, to the reg'_stored owner hereof, on the first day of Tune, 19~ the principal sum of ONE mgOUSAND DOLL?.RS and to pay interest thereon from the date.. here of at the rate of per centimt per annum until payment of such principal sum, such interest to the maturity hereof being payable semi-annually on the first days of Tune and December 1n each year upon the nnesentation and surrender of the coupons representing such interest as the same respectively fall due. 9oth the prinei pal of and the interest on this bond are payable at The Aanover Back, in the Borough of Dtannhettan, City and State of New York, in any coin or currency of the United States of America which, at the respective dates of 7eyment thereof, is legal tender for the na9ment of public and private debts. For the prompt payment hereof, both principal and interest as the same shell fall due, the full faith and credit of said County o_* Orange are hereby irrevocably I. pledged. -- This bond is one of a series issued by said County, acting as an adminis- trative agent of the State of North Carol ins in providing a State system of public schools, for the purpose of orov iding funds, with other available funds for erecting and equl nn ins a school bvildi ng in order to maintain the consti- tutional six months school term in sei.d County, and this bond is issued under and pursuant to The County Finance Act, as amended, and the Local Government ?.c t, as ama nde d, and an order and n resolution duly passed by the Board of Cpmmissione rs for said County. It 1s hereby certified and recited that all acts, conditions and things required to happen, e>.i st and be performed precedent to end in the issuance o_° this bond by the Constitution and laws of Pl orth Cnrolinfl have happened, exist and have been performed in regular end due form and time as so required; that provision has been made for the levy and cpllection of a direct annual tea upon all taxable property rri thin said County sufficient to nag the principi of and the interest on thie bond as the same shall fell due; and that the tote: indebtedness of said County, including this bond and all other indebtedness heretofore contracted during the fiscal year in which this bond is issued, does not exceed any constitut ipnal or statist pry limit¢ti on thereon. This bond may be registered as to principal alone in accordance with the provisions endorsed 'Hereon. IS1 ?iITNESS ViHEREOF, said County of Orange, by order of Sta Board of Commissioners, has caused this bond to be sl gnod by trio Chairman of said Board and by the Register of Deeds and ex of f'cio Clerk of said Board, under the corporate seal of said Board, and has teased the interest coupons at- tached hereto to bo executed cri th the Facsimile signature of said Rngis ter of Deeds and ex officio Clerk> all as of the first day of Tune, 1954 CH.4IRMALI 0» BOARD 0» COM14dIS520NER5 REGISTER 0° DEEDS AND EX OFFICIO CLERIL 0» BO?RD OF C034~tISS20"iERS (Endorsements upon 9onds) CERTIFICATE OF LOC 4L GOVBRNISENT COu4dIBS ICN