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A certificate of deposit should be registered as follows: <br /> "UCB as Custodian for the N.C. Department of Commerce FB0 (Name of <br /> water or sewer utility company)" <br /> The tax identification number to be assigned to this instrument will <br /> be as follows: 56-6068972. You should instruct your bank or savings <br /> and loan that all interest payments must be paid by check to United <br /> Carolina Bank, Attn: Debbie Stephens, P. 0. Box 632, Whiteville, <br /> North Carolina 28472. The certificates are normally set up to pay <br /> interest either quarterly, semi-annually or annually. UCB will send <br /> interest checks to the water or sewer utility company on the 10th and <br /> 25th of each month. UCB must collect all interest earned on <br /> securities for Form 1099 reporting responsibilities to the IRS. <br /> United Carolina Bank will charge the utility's account for custodial <br /> services rendered semi-annually each April and October. The fee <br /> structure is as follows: <br /> Annual Base Fee Per Account $100.00 <br /> (The annual base fee will <br /> be payable semi-annually) <br /> Annual Charge Per Company Per Issue <br /> Held $ 15.00 <br /> (This fee will be paid semi-annually) <br /> Activity Fee $ 20.00 <br /> Charge Per Security Transaction <br /> e.g. , (delivery, receipt, sale <br /> or maturity) <br /> Charge For Each Check Written $ 2.00 <br /> If all of the issues (or securities) held in the account <br /> are deposits with United Carolina Bank, the annual base <br /> fee will be $50.00 per year payable semi-annually. <br /> , One calendar annual statement will be mailed to each <br /> company at no additional charge. <br /> If you have further questions concerning this Notice and the new bond <br /> requirements, you may also write or call the Public Staff and the Utilities <br /> Commission as follows: <br /> Ii Public Staff-North Carolina Utilities Commission <br /> Attn: Jerry Tweed, Director, Water and Sewer Division <br /> Post Office Box 29520 <br /> Raleigh, North Carolina 27626-0520 <br /> Phone: (919) 733-5610 <br /> 3 <br />