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8 <br /> The County of Orange, in the State of North Carolina, is <br /> justly indebted and for value received hereby promises to pay to <br /> CEDE & CO. <br /> or registered assigns or legal representative on the date specified <br /> above, upon the presentation and surrender hereof, at the office of <br /> the Finance Director of said County (the "Bond Registrar") , the <br /> principal sum of <br /> DOLLARS <br /> and to pay interest on such principal sum from the date hereof or <br /> from the March 1 or September 1 next preceding the date of <br /> authentication to which interest shall have been paid, unless such <br /> date of authentication is a March 1 or September i to which <br /> interest shall have been paid, in which case from such date, such <br /> interest to the maturity hereof being payable on September 1, 1993 <br /> and semiannually thereafter on March 1 and September 1 in each <br /> year, at the rate per annum specified above, until payment of such <br /> principal sum. The interest so payable on any such interest <br /> payment date will be paid to the person in whose name this bond (or <br /> the previous bond or bonds evidencing the same debt as that <br /> evidenced by this bond) is registered at the close of business on <br /> the record date for such interest, which shall be the 15th day <br /> (whether or not a business day) of the calendar month next <br /> preceding such interest payment date, by check mailed to such <br /> person at his address as it appears on the bond registration books <br /> of said County. Both the principal of and the interest on this <br /> • <br /> 7 <br />