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11 <br /> EXHIBIT A - Form of Bonds <br /> REGISTERED REGISTERED <br /> Number R-X <br /> UNITED STATES OF AMERICA <br /> STATE OF NORTH CAROLINA <br /> ORANGE COUNTY <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, <br /> promises to pay to the registered owner of this Bond, or registered assigns or legal <br /> representative, the principal amount stated above on the maturity date stated <br /> above, subject to prior redemption as described below, and to pay interest on this <br /> Bond semiannually on each February 1 and August 1, beginning February 1, 2018, at <br /> the annual rate stated above. Interest is payable (a) from the dated date stated <br /> above, if this Bond is authenticated prior to February 1, 2018, or (b) otherwise from <br /> the February 1 or August 1 that is, or immediately precedes, the date on which this <br /> Bond is authenticated (unless payment of interest on this Bond is in default, in <br /> which case this Bond will bear interest from the date to which interest has been <br /> paid). <br />