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281 <br /> JOHN D. FOUST <br /> Secretary, Local Government Commission <br /> By [Facsimile signature] <br /> CERTIFICATE OF AUTHENTICATION <br /> This bond is one of the bonds of the series designated <br /> herein and issued under the provisions of the within-mentioned <br /> Resolution. <br /> NCNB NATIONAL BANK OF NORTH CAROLINA <br /> as Bond Registrar <br /> By [Manual signature] <br /> Authorized Signatory <br /> Date of authentication: <br /> [Reverse Side of Bond] <br /> United States of America <br /> State of North Carolina <br /> COUNTY OF ORANGE <br /> Sanitary Sewer Bond <br /> This bond is one of an issue of bonds designated <br /> "Sanitary Sewer Bonds" (the "bonds") and issued by said County <br /> for the purpose of providing funds, with any other available <br /> funds, for constructing a portion of a sanitary sewer system for <br /> said County, and this bond is issued under and pursuant to The <br /> Local Government Bond Act, as amended, Article 7, as amended, of <br /> Chapter 159 of the General Statutes of North Carolina, an order <br /> which has taken effect, and a resolution duly passed by the Board <br /> of Commissioners for said County (the "Resolution") . <br /> The bonds at the time outstanding maturing prior to <br /> June 1, 1999 are not subject to redemption prior to maturity. <br /> The bonds maturing on June 1, 1999 and thereafter may be <br /> redeemed, at the option of said County, from any moneys that may <br /> -13- <br /> BROWN k WOOD.ONE WORLD TRADE CENTER.NEW YORK,N.•.1004B <br />