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54 <br /> Trustee that the transfer is permitted under the Trust Agreement. The Trustee shall <br /> be fully protected in relying on such notification. <br /> The County and the Trustee may deem and treat the person in whose name <br /> this Bond is registered on the Bond Register as the absolute owner of this Bond for <br /> the purpose of receiving payment of or on account of principal of and interest due <br /> on this Bond and for all other purposes, and neither the County nor the Trustee will <br /> be affected by any notice to the contrary, except that interest payments will be made <br /> to the persons shown as Owners on the Trustee's registration books on the Record <br /> Date, which is the end of the calendar day on the 15th day of the month (whether or <br /> not a business day) preceding each 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 /> execution and delivery of this Bond have happened, exist and have been performed. <br /> The County intends that North Carolina law will govern this Bond and all <br /> matters of its interpretation. <br /> This Bond will not be entitled to any benefit under the Trust Agreement or be <br /> valid or obligatory for any purpose until the Trustee has executed the Certificate of <br /> Authentication appearing on this Bond. <br /> IN WITNESS WHEREOF, the County has caused this instrument to be signed, <br /> sealed and delivered by duly authorized officers, all as of May 11, 2022. <br /> (SEAL) ORANGE COUNTY <br /> ATTEST: NORTH CAROLINA <br /> By: <br /> Laura Jensen Bonnie B. Hammersley <br /> Clerk, Board of Commissioners County Manager <br /> [Orange County, North Carolina <br /> 29 <br />