Orange County NC Website
Year qAmount C$ 1 <br /> 2036 140 , 000 <br /> 2037 * 140 , 000 <br /> * Final maturity <br /> In addition , the Trustee, from amounts received from or on behalf of the <br /> County, will redeem Series B Bonds maturing on October 1 , 2039 on October 1 in <br /> years and amounts upon payment of 100 % of the principal amount thereof plus <br /> interest accrued to the redemption date, as follows : <br /> Year Amount ( $ 1 <br /> 2038 140 , 000 <br /> 2039 * 140 , 000 <br /> * Final maturity <br /> The Trustee shall take all appropriate action to withdraw funds from the Principal <br /> Account and make timely payment to the Owners of the Term Bonds subject to <br /> sinking fund redemption . <br /> ( c) Notwithstanding the foregoing, on or before the 70th day next <br /> preceding any sinking fund payment date , the County may do either of the following : <br /> (1) deliver to the Trustee for cancellation Term Bonds required to be <br /> redeemed on that sinking fund payment date in any aggregate principal amount <br /> desired , or <br /> (ii ) instruct the Trustee to apply a credit against the County ' s sinking fund <br /> payment obligation for any Term Bonds that previously have been redeemed ( other <br /> than through the operation of the sinking fund requirements ) and canceled by the <br /> 12 <br />