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t} +- c 37 The iss uence of the within bond has been approved under the provisions of the Local Government Act of North Carolina. P7. E. Easterling Secretary, Local Government Commission Hy: Designate Ass lstant PROVISIONS FOR REGISTRA.T ION This bond may be registered ae to print ipel alon in the Bond Register of the County of Orange by the County Accountant es 9o d Registrar, at his office in R111 aboro, or by such other Hond Ra.^is tray ea may be legally deaF ignated by the governing body of said County upon presentation hereof to the Hond Registrar who shell make notation of such registration in the rag is tret is blank below, and this bond may thereafter be transferred only upon a duly executed assignment of the registered owner or his attorney, in such form as shell be sat iefactory to the Bond Registrar, such transfer to be made on such Hond Register and endorsed hereon by the Hond Registrar. °uch transfer mey be to bearer and thereby transfereb it ity by delivery shall be restored, but thin bond shall again be subject to successive registrations end trans- fers as before, The princinel of this bond, iS registered, unless ragia toyed to bearer, shall be payable only to or upon the order of the registered owner or his legal reprssentetive, Notwithstanding the regietratioa of this bond as to print ip¢1 aloaq, the coupons shall remain payable to bearer and shall continue to be transferable by delivery. Date of Name of Signature of Rea istratlon Registered0•.vner Bond Registrar ......... ..... .. .... .. .... .. ... ... ..................... ........ ...... ......... .. .......... .. .. .... ........... .. (Form of Coupons) No. ~ On lr 19_, the County of Orange, North Carolina, will pay to bearer et The Hanover Benl<, in the Borough of htenhattan, Ci t;; and State of Neer York, upon the presentation and surreader hereof, the sum of Dollars in say coin or currency of the IInited States of America which et the time of payment is legal tender for the peyme nt of public end private debts, as provided in end for the semi-annual interest then due upon its School Building Bond, dated June 1, 1954, numbered Register of ee ds and ex officio Alerk of Hoerd of Commis si onere Section 4. That said bonds shall be registerable as to nrincipel alone in accordance with the provisions for registration hereinabove in this resolu- t'on provided to be endorsed anon se id bonds, and the County Accountant is hereby designs tad Hond Registrar for the registration and transfer of ae id bonds, aub,jeet to the right of the 3oard of Co:mni ss ions rs of the County of Orange hereafter to designate another Hond Registrar. No charge shall be made to any bondholder far the privilege of registration herein granted. Section $. That said g65, u'00 School Building Bonds, and all other Sndebtedness heretofore contracted in the current fiscal year, does not ex- ceed two-thirds of the amount by which the outstendin6 indebtedness oS the County of Orange was reduced in 'the preceding fie cal year. Section b. That the action of the County Attorney in applying,to the Local Government Commis eion for 'the advertisement and sale of said y65,000 School Building bonds be and the same is he raby rat Lfied. Uoon motion of Commissioner Nobbs, sac ended by Commissioner Forres t, the foregoing resolution entitled: "RESOLUTIOIQ PROVIDING FOR TIR; ISSUANCE OF $65,Ob0 SCHOOL BUILDING BONDS" was passed by the following vote: Ayes: Commiasione rs Forrest, Hobbs, Efland Noes: None. flume Cleytor, County Dog :'f¢rden, reported that he hsd vaccinated 1,565 doge since the beginning of the Clinic. Upon motion duly made and seconded the following resolution was unanim ly passed: (1) Rea olved, that this Board go on record as fav eying the inclusion