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76 <br /> THE 2026A BONDS <br /> The 2026A Bonds will be dated as of their date of delivery. Interest is payable on April 1 and <br /> October 1 of each year, beginning October 1, 2026, at the rates set forth on the inside front cover page of <br /> this Official Statement. Principal is payable, subject to redemption as described herein, on April 1 in the <br /> years and in the amounts set forth on the inside front cover page of this Official Statement. <br /> ADDITIONAL BONDS <br /> Under the conditions described in the Trust Agreement, without the approval or consent of the <br /> Owners of the then-outstanding Bonds and without notice to such Owners,the County may issue Additional <br /> Bonds secured on parity with the 2026A Bonds and the Prior Bonds to provide funds (a)to expand or <br /> improve the Pledged Facilities,(b)to construct further improvements to the Pledged Sites,(c)to refund any <br /> Outstanding Bonds, (d)to pay financing costs or establish reserves in connection with the issuance of <br /> Additional Bonds, (e)for any other purpose that may be allowed by law from time to time, including the <br /> acquisition and construction of additional public facilities,whether or not those facilities are related to the <br /> Pledged Facilities or the Pledged Sites, or(f)for any combination of such purposes. <br /> BOOK-ENTRY ONLY <br /> The 2026A Bonds will be delivered in book-entry form only without physical delivery of <br /> certificates to beneficial owners of the 2026A Bonds. Payments to beneficial owners of the 2026A Bonds <br /> will be made by The Depository Trust Company ("DTC"), Jersey City, New Jersey, and its participants. <br /> See Appendix E, "BOOK-ENTRY ONLY SYSTEM" hereto. So long as Cede & Co. is the registered <br /> owner of the 2026A Bonds, references herein to registered owner or Owners of the 2026A Bonds means <br /> Cede& Co. and not the beneficial owners of the 2026A Bonds. <br /> TAx STATUS <br /> In the opinion of Bond Counsel and subject to the qualifications described in this Official <br /> Statement, interest on the 2026A Bonds is not included in gross income for federal income tax purposes, <br /> and interest on the 2026A Bonds is exempt from State of North Carolina income taxes. See the section <br /> "TAX TREATMENT" below for additional information regarding tax consequences arising from <br /> ownership of or receipt of interest on the 2026A Bonds,including information regarding the application of <br /> federal alternative minimum tax provisions and certain other tax consequences. <br /> PROFESSIONALS <br /> Robert W. Baird & Co. Incorporated and Hilltop Securities Inc. (the "Underwriters") are <br /> underwriting the 2026A Bonds. The Bank of New York Mellon Trust Company,N.A.is serving as Trustee <br /> with respect to the 2026A Bonds. Davenport&Company LLC is serving as the County's financial advisor. <br /> Sanford Holshouser PLLC is serving as Bond Counsel. John L. Roberts, Esq. is the County Attorney. <br /> McGuireWoods LLP is serving as counsel to the Underwriters. <br /> ADDITIONAL INFORMATION <br /> Summaries of the Trust Agreement and the Modified Deed of Trust, including a list of definitions <br /> of certain terms, are included as Appendix C. All quotations from and summaries and explanations of the <br /> Trust Agreement and the Modified Deed of Trust contained in this Official Statement, including in <br /> Appendix C, do not purport to be complete. Reference is made to such documents for full and complete <br /> statements of their respective provisions. <br /> 3 <br />