Orange County NC Website
18 <br /> in principal amount equal to the unredeemed portion of such Bond <br /> will be issued. <br /> On or before the date fixed for redemption, moneys shall be <br /> deposited with the Bond Registrar to pay the principal of and the <br /> redemption premium, if any, on the Bonds or portions thereof called <br /> for redemption as well as the interest accruing thereon to the <br /> redemption date thereof. <br /> On the date fixed for redemption, notice having been given in <br /> the manner and under the conditions hereinabove provided, the Bonds <br /> or portions thereof called for redemption shall be due and payable <br /> at the redemption price provided therefor, plus accrued interest to <br /> such date. If moneys sufficient to pay the redemption price of <br /> the Bonds or portions thereof to be redeemed, plus accrued interest <br /> thereon to the date fixed for redemption, have been deposited by <br /> the Issuer to be held in trust for the registered owners of Bonds <br /> or portions thereof to be redeemed, interest on the Bonds or <br /> portions thereof called for redemption shall cease to accrue, such <br /> Bonds or portions thereof shall cease to be entitled to any <br /> benefits or security under this resolution or to be deemed <br /> outstanding, and the registered owners of such Bonds or portions <br /> thereof shall have no rights in respect thereof except to receive <br /> payment of the redemption price thereof, plus accrued interest to <br /> the date of redemption. <br /> If a portion of a Bond shall be selected for redemption, the <br /> registered owner thereof or his attorney or legal representative <br /> 17 <br />