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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 /> ORANGE COUNTY <br /> General Obligation School Bond , Series 2020 <br /> INTEREST RATE MATURITY DATE DATED DATE CUSIP <br /> August 1 , May 7 , 2020 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 , 2021 , 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 , 2021 , 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 /> s <br />