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229 [Front Side of Bond] <br /> No $. . . . <br /> United States of America <br /> State of North Carolina <br /> COUNTY OF ORANGE <br /> Sanitary Sewer Bond <br /> Maturity Date Interest Rate Cusip <br /> The County of Orange, in the State of North Carolina, <br /> is justly indebted and for value received hereby promises to pay <br /> to <br /> or registered assigns or legal representative on the date <br /> specified above, upon the presentation and surrender hereof, at <br /> the corporate trust office of NCNB National Bank of North <br /> Carolina, in the City of Charlotte, North Carolina, (the "Bond <br /> Registrar") , the principal sum of <br /> DOLLARS <br /> and to pay interest on such principal sum from the date hereof or <br /> from the June 1 or December 1 next preceding the date of <br /> authentication to which interest shall have been paid, unless <br /> such date of authentication is a June 1 or December 1 to which <br /> interest shall have been paid, in which case from such date, such <br /> interest to the maturity hereof being payable on June 1 and <br /> December 1 in each year, at the rate per annum specified above, <br /> until payment of such principal sum. The interest so payable on <br /> any such interest payment date will be paid to the person in <br /> whose name this bond (or the previous bond or bonds evidencing <br /> the same debt as that evidenced by this bond) is registered at <br /> the close of business on the record date for such interest, which <br /> shall be the 15th day (whether or not a business day) of the <br /> calendar month next preceding such interest payment date, by <br /> -11- <br /> BROWN 9 WOOD.ONE WORLD TRADE CENTER.NEW VORR.N.Y.10048 <br />