Orange County NC Website
Section 6 . If the FmHA is the initial purchaser of the <br /> bonds, there will be issued a single registered bond of the <br /> issuer of the denomination of $200, 000, numbered R-1, maturing in <br /> annual installments on the 1st day of June in the following years <br /> and in the following amounts, respectively: <br /> Year of Principal Year of Principal <br /> Maturity _ Amount Maturity Amount <br /> 1990 $ 2, 000 2009 $ 5, 500 <br /> 1991 2 , 000 2010 6, 000 <br /> 1992 2 , 000 2011 6, 000 <br /> 1993 2 , 000 2012 6,500 <br /> 1994 2 , 000 2013 7, 000 <br /> 1995 2 , 000 2014 7,500 <br /> 1996 2 , 500 2015 8 , 000 <br /> 1997 2 , 500 2016 8, 000 <br /> 1998 3 , 000 2017 8, 000 <br /> 1999 3 , 000 2018 8, 000 <br /> 2000 3 , 000 2019 8 , 000 <br /> 2001 3 , 500 2020 8, 000 <br /> 2002 3 ,500 2021 8 , 000 <br /> 2003 4, 000 2022 8,000 <br /> 2004 4, 000 2023 8, 000 <br /> 2005 4, 000 2024 8 , 000 <br /> 2006 4, 500 2025 8, 000 <br /> 2007 5, 000 2026 8, 000 <br /> 2008 5, 000 2027 6,000 <br /> and bearing interest on the unpaid part of such principal at the <br /> rate of 6. 375% per annum until payment thereof. <br /> Such bond will not be defeased without the written <br /> consent of the FmHA during such time as the FmHA shall remain the <br /> registered owner of such bond. <br /> Such bond and the endorsements thereon shall be in <br /> substantially the following forms: <br />