Orange County NC Website
* Final maturity <br /> In addition , the Trustee , from amounts received from or on behalf of the <br /> County, will redeem Bonds maturing on October 1 , 2044 on October 1 in years and <br /> amounts upon payment of 100 % of the principal amount thereof plus interest <br /> accrued to the redemption date , as follows : <br /> Year Amount C$1 <br /> 2042 360 , 000 <br /> 2043 360 , 000 <br /> 2044 * 360 , 000 <br /> * Final maturity <br /> The amount of Bonds to be redeemed on any sinking fund payment date may <br /> be reduced in accordance with the provisions of the Trust Agreement. <br /> If less than all the Bonds of any maturity are called for redemption, the <br /> Trustee will select the Bonds to be redeemed by lot; provided, however, that so long <br /> as a book - entry system with DTC is used for recording beneficial ownership of <br /> Bonds , if less than all of the Bonds within a maturity are to be redeemed , DTC and its <br /> participants will determine which of the Bonds within any such maturity are to be <br /> redeemed . <br /> In any case , ( 1 ) the portion of any Bond to be prepaid will be in the principal <br /> amount of $ 5 , 000 or some integral multiple thereof, and ( 2 ) in selecting Bonds for <br /> redemption , each Bond will be considered as representing that number of Bonds <br /> which is obtained by dividing the principal amount of that Bond by $ 5 , 000 . If a <br /> portion of a Bond is called for redemption, a new Bond in principal amount equal to <br /> the unpaid portion will be issued to the registered owner upon the surrender of the <br /> Bond . <br /> The Trustee will send notice of redemption to DTC or its nominee as the <br /> Owner of the Bonds as provided in the Trust Agreement . The Trustee will send the <br /> 31 <br />