Orange County NC Website
Browse       Search
11 <br />redemption. The County is not responsible for sending notices of redemption to <br />anyone other than DTC or its nominee. <br />If (a) DTC determines not to continue to act ;as securities depository for the <br />Bonds or (b) the County so elects, the County will discontinue the boak-entry system <br />with DTC. 1f the County fails to identify another qualified securities depository to <br />replace DTC, the County will deliver replacement Bonds in the form of fully- <br />registered certificates. <br />The County Finance Officer has been appointed Registrar for the Bonds. As <br />Registrar; the Finance Officer will maintain appropriate books and records indicating <br />ownership of the Bonds. The County will treat the registered owner of this Bond as <br />the person exclusively entitled to payment of principal, premium, if any, and interest <br />and the exercise of all other rights and powers of the owner, except that interest <br />payments will be made to .the person shown as owner on the County's registration <br />books on the 15th day of the month preceding each interest payment date. <br />All acts, conditions and things required by the Constitution and laws of the <br />State of North Carolina to happen, exist or be performed precedent to and in the <br />issuance of this Bond have happened, exist and have been performed, and the issue of <br />Bonds of which this Bond is one, together will all other indebtedness of the County, is <br />within every debt and other limit prescribed by the Constitution and laws of the State <br />of North Carolina. <br />IN WITNESS WHEREOF, Orange County, North Carolina, has caused this <br />Bond to signed by the Chair of its Board of Commissioners, to be countersigned by <br />the Clerk to such Board, its seal to be affixed hereto and this Bond to be dated June 1, <br />2001. <br />COUNTERSYGNED: (SEAL) <br />[Sample only - do, not sign? Sam le onl - do not si n <br />Clerk, Board of Commissioners, Chair, Board of Commissioners, <br />Orange County, North Carolina Orange County, North Carolina <br />The Bonds have been approved by <br />the North Carolina Local Government <br />Commission in accordance with the <br />Local Government Bond Act. <br />jSample only - do not signl <br />Robert M. High <br />Secretary, Local Government Commission <br />