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EXHIBIT A- Form of Bonds <br /> REGISTERED REGISTERED <br /> Number R-X <br /> UNITED STATES OF AMERICA <br /> STATE OF NORTH CAROLINA <br /> ORANGECOUNTY <br /> General Obligation School Bond,Series 2017A <br /> INTEREST RATE MATURITY DATE DATED DATE CUSIP <br /> February 1, October_, 2017 684 609 XXX <br /> REGISTERED OWNER: *****CEDE&CO.***** <br /> PRINCIPAL AMOUNT: **** THOUSAND DOLLARS <br /> ($----,000)*** <br /> ORANGE COUNTY, NORTH CAROLINA (the "County'), for value received, promises <br /> to pay to the registered owner of this Bond, or registered assigns or legal representative, <br /> the principal amount stated above on the maturity date stated above, subject to prior <br /> redemption as described below, and to pay interest on this Bond semiannually on each <br /> February 1 and August 1, beginning February 1, 2018, at the annual rate stated above. <br /> Interest is payable (a) from the dated date stated above, if this Bond is authenticated prior <br /> to February 1, 2018, or (b) otherwise from the February 1 or August 1 that is, or <br /> immediately precedes, the date on which this Bond is authenticated (unless payment of <br /> interest on this Bond is in default, in which case this Bond will bear interest from the date <br /> to which interest has been paid). <br /> This Bond is one of an issue of the County's $5,900,000 General Obligation School <br /> Bonds, Series 2017A (the "Bonds"), of like date and tenor, except as to number, <br /> denomination, rate of interest, privilege of redemption and maturity. The Bonds are issued <br /> pursuant to a resolution adopted by the County's governing Board of Commissioners on <br />