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Agenda - 05-18-2021; 8-d - Affordable Housing General Obligation Bond Sale – $2,500,000
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Agenda - 05-18-2021; 8-d - Affordable Housing General Obligation Bond Sale – $2,500,000
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5/13/2021 3:39:16 PM
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BOCC
Date
5/18/2021
Meeting Type
Business
Document Type
Agenda
Agenda Item
8-d
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Agenda for May 18, 2021 Board Meeting
(Message)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2021\Agenda - 05-18-2021 Virtual Business Meeting
RES-2021-031 Resolution for Sale of Affordable Housing Bonds
(Message)
Path:
\Board of County Commissioners\Resolutions\2020-2029\2021
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10 <br /> EXHIBIT A - Form of Bonds <br /> REGISTERED REGISTERED <br /> Number R-X <br /> UNITED STATES OF AMERICA <br /> STATE OF NORTH CAROLINA <br /> ORANGE COUNTY <br /> General Obligation Affordable Housing Bond, Series 2021 <br /> INTEREST RATE MATURITY DATE DATED DATE CUSIP <br /> % August 1, July 8, 2021 684609 XXX <br /> REGISTERED OWNER: *****CEDE & CO.***** <br /> PRINCIPAL AMOUNT: **** THOUSAND DOLLARS <br /> ($ ,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 above, <br /> subject to prior redemption as described below, and to pay interest on this Bond <br /> semiannually on each February 1 and August 1, beginning February 1, 2022, at the <br /> annual rate stated above. Interest is payable (a) from the dated date stated above, if <br /> this Bond is authenticated prior to February 1, 2022, or (b) otherwise from the <br /> February 1 and August 1 that is,or immediately precedes,the date on which this Bond <br /> is authenticated (unless payment of interest on this Bond is in default, in which case <br /> this Bond will bear interest from the date to which interest has been paid). <br /> 8 <br />
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