Orange County NC Website
INDENTURE OF TRUST <br /> TABLE OF CONTENTS <br /> (This Table of Contents is not a part of this Indenture of Trust and is only for convenience of reference.) <br /> Pate <br /> PARTIES <br /> 1 <br /> PREAMBLES <br /> 1 <br /> ARTICLE I <br /> DEFINITIONS AND INTERPRETATIONS <br /> Section 1.01. Definitions <br /> Section 1.02. Interpretations 3 <br /> 3 <br /> ARTICLE II <br /> AUTHORIZATION, TERMS, EXECUTION <br /> AND DELIVERY OF BONDS <br /> Section 2.01. Authorized Amount of Bonds;Execution and Delivery 11 <br /> Section 2.02. Details of Bonds;Payment 11 <br /> Section 2.03. Interest Rate Provisions 11 <br /> Section 2.04. Execution of the Bonds 12 <br /> Section 2.05. Authentication <br /> Section 2.06. Delivery of the Bonds 12 <br /> Section 2.07. Mutilated, Lost, Stolen, or Destroyed Bonds 12 <br /> 13 <br /> Section 2.08. Registration of Bonds;Persons Treated as Owners;Transfer of Bonds <br /> 13 <br /> Section 2.09. Cancellation of Bonds <br /> Section 2.10. Temporary Bonds 13 <br /> Section 2.11. Additional Bonds 13 <br /> 13 <br /> ARTICLE III <br /> CALL AND REDEMPTION AND PURCHASE OF BONDS PRIOR TO MATURITY 15 <br /> Section 3.01. Extraordinary Redemption 15 <br /> Section 3.02. Optional Redemption 15 <br /> Section 3.03. Mandatory Sinking Fund Redemption 15 <br /> Section 3.04. Call and Redemption;Notice of Redemption 15 <br /> Section 3.05. Redemption Deposit 16 <br /> Section 3.06. Partial Redemption of Bonds;Selection of Bonds for Redemption 16 <br /> Section 3.07. Effect of Redemption 16 <br /> Section 3.08. Purchase of Bonds 17 <br /> ARTICLE IV <br /> CONSTRUCTION FUND <br /> Section 4.01. Creation of Construction Fund 18 <br /> Section 4.02. Payments from Construction Fund 18 <br /> Section 4.03. Items of Costs <br /> Section 4.04. Requisitions for Payment from Construction Fund 19 <br /> 19 <br /> Section 4.05. Establishment of Completion Date <br /> Section 4.06. Balance in Construction Fund 19 <br /> 19 <br />