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14 <br />C. Net Debt, being the difference <br />between Total Gross Debt (A) and Total <br />Deductions (B). <br />D. Appraised Value of property <br />subject to taxation, being the value <br />from which the assessed value last <br />fixed for taxation was computed, as <br />revealed by the County tax records and <br />certified by fhe County Tax Assessor. <br />E. Percentage that Net Debt bears to <br />the appraised value of property subject <br />to taxation. <br />WITNESS my signature this <br />2.17°° <br />day of June, 2004. <br />Kenneth T. Chaviaus <br />Finance Officer <br />Orange County, North Carolina <br />STATE OF NORTH CAROLINA <br />ORANGE COUNTY <br />Subscribed and sworn before me this day of June, <br />2004. <br />Notary, Public <br />[Seal,] <br />$ 213,492,229 <br />$ 9.828.614.420 <br />My commission expires <br />