Orange County NC Website
TABLE OF CONTENTS <br />Pale <br />INTRODUCTION ............................................................................................................. ............. 1 <br />THE 2006A CERTIFICATES ........................................................................................... ............. 4 <br />THE PLAN OF FINANCE ................................................................................................ ............. 7 <br />ESTIMATED SOURCES AND USES OF FUNDS ......................................................... ............. 7 <br />SECURITY AND SOURCES OF PAYMENT ................................................................. ............. 8 <br />CERTAIN RISKS OF CERTIFICATE OWNERS ........................................................... ........... 10 <br />AVAILABLE SOURCES FOR PAYMENT OF INST:~LLNIENT PAYII~IENTS ........... ........... 12 <br />INSTALLMENT PAYMENT SCHEDULE ..................................................................... ........... 12 <br />THE COMPANY ............................................................................................................... ........... 13 <br />ORANGE COLINTY, NORTH CAROLINA .................................................................... ........... 13 <br />SUMMARI' OF PRINCIPAL LEGAL DOCLIMENTS ................................................... ........... 3Q <br />LEGAL IVIATTERS ........................................................................................................... ........... 30 <br />CONTINUING DISCLOSURE OBLIGATION ............................................................... ........... 31 <br />NIISCELLANEOUS .......................................................................................................... ........... 33 <br />APPENDIX A -COUNTY FINANCIAL STATEMENTS <br />APPENDIX B -SUMMARY OF PRINCIPAL LEGAL DOCUMENTS <br />APPENDIX C -PROPOSED FORM OF SPECIAL COUNSEL'S OPINION <br />APPENDIX D -BOOK-ENTRY-ONLY" SYSTEM <br />C'-883836v~1 13361.000''2 <br />