Orange County NC Website
Section 1.01. Provision for 2006A Certificates. The Company will <br />prepare and execute, and the Trustee will authenticate and deliver, 2006A <br />Certificates in an aggregate principal amount of $24,000,000 e~ridencing <br />proportionate and undivided ownership interests in the Installment Payments. <br />Section 1.02. Farm and Details; Payments. The 2006A Certificates <br />~~-i11 be designated "Certificates of Participation {Orange County Public <br />Improvement Projects), Series 200GA," and uTill be in substantially the form of <br />Exhibit B, with such changes as this Trust Agreement permits or requires. <br />The 200GA Certificates will be dated the date of their initial delivery to the <br />initial purchaser thereof, will be issuable only as fiilly registered certificates in <br />denominations of $5,000 and multiples thereof, uTill be separatel~j numbered R-1 <br />upward, twill be payable as to interest semiannually until payment on each <br />Certificate Payment Date at the following rates {calculated on the basis of a 3G0- <br />day year consisting of t~~•elve 30-day months}, and gill be payable as to principal <br />on April 1 in the follov~Ting years and amounts: <br />Date (April 1) Principal Amount ($) Rate °10 <br />2007 1.00 <br />2008 1.00 <br />2009 1.00 <br />2010 1.00 <br />2011 1.00 <br />2012 1.00 <br />2013 1.00 <br />2014 1.00 <br />2015 1.00 <br />2016 1.00 <br />2017 1.00 <br />2018 1.00 <br />2021 1.00 <br />2022 1.00 <br />2.023 1.00 <br />J3862v2 <br />