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3 50 <br />The County of Orange, in the State of North Carolina, for value received hereby <br />promises to pay to the bearer on the 10th day of.June, 19_, the principal sum of <br />TEN THOUSAND DOLLARS <br />and to pay interest thereon from the date hereof at the rate of per centum <br />( %) per annum until payment of such principal sum, such interea a maturity <br />hereof being payable annually on the 10th des of June in each ees upon the reatQnt' <br />ation and'.surrander of the oupona representing such interest s t e-same •re pso xvely <br />fall due. Both the principal-of and the inter-eat on this note are payable at <br />in .; .-in any coin - <br />or currency o he United States o er caw c , at the respective dates of payment <br />thereof, is legal tender for the payment of public and private debts. For the <br />prompt payment hereof, both principal and interest as the same shall fall due, the <br />full faith and credit of said County of Orange are hereby irrevocably pledged. <br />This note is issued by said County in anticipation of the receipt of the <br />proceeds of the sale of a like amount of County Courthouse Bonds, duly authorized by <br />an order finally passed on May 12, 1964, which order has taken effect, and this note <br />is issued pursuant to and in full compliance with The County Finance Act, as amended, <br />and the Local Government Act, as amended, and a resolution duly passed by the Board <br />of Commissioners for said County. <br />It is hereby certified and recited that all acts, conditions and things required <br />by the Constitution and laws..of North Carolina to happen, exist and be performed prece <br />dent to and in the issuance of this note have happened, exist and have been performed i <br />in regular and due form and time as so required, and that the total indebtedness of. <br />said County, including this note and all other.indebtedness heretofore contracted in <br />the fiscal year in which this note is issued, does not exceed any donstitutional or <br />statutory limitation thereon. <br />IN WITNESS WHEREOF, said County of Orange, by order of its Board of Commissioners <br />has caused this note to be signed by the Chairman of said Board and by the Register <br />of Deeds and ex officio Clerk of said Board and the corporate seal of said Board to be <br />affixed bereto, and has caused the interest coupons attached hereto to be axecuted <br />with the manual signature of said Register of Deeds and ex officio Clerk, all as of <br />the 10th day of June, 1964. <br />a men of oar o Commissioners <br />Register of 15eeds and ex officio <br />Clerk of Board of Commissioners <br />The issuance.of the within note is hereby approved. <br />County Attorney <br />(On reverse of notes) <br />Local Government <br />Commission Serial No. <br />The issuance of this note has been approved under the provisions of the Local <br />Government Act of North Carolina. <br />W. E. EASTERLING <br />Secretary, Local Government Commission <br />By: <br />Designated Assistant <br />(Form of coupons) <br />No. <br /> <br />On the lOtb day of June, 19 <br />the County of Orange, Northarrolins, will pay to bearer at <br />in , upon the presentation an surrender <br />bereo the sum o Dollars in any coin or currency of the <br />United States of America w c at e e of payment is legal tender for the payment <br />of public and private debts, as provided in and for the annual interest then due <br />upon its County Courthouse Bond Anticipation Note, dated June 10, 1964, numbered <br />eg s er o Deeds an ex o c o <br />Clerk of Board of Commissioners <br />Section 4. Said $40,000 County Courthouse Bond Anticipation Notes and all