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8 <br />EXHIBIT A -Form of Bonds <br />REGISTERED REGISTERED <br />Number R-X <br />UNITED STATES OF AMERICA <br />STATE OF NORTH CAROLINA <br />ORANGE COUNTY <br />Public Im rovement Bond Series z000A /Public Im rovement Bond Series 2000B <br />INTEREST RATE MATURITY <br />DATE DATED DATE CUSIP <br /> A ril 1, Aril 1, 2000 <br />REGISTERED OWNER:*****CEDE & CO.***** <br />PRINCIPAL AMOUNT: **** THOUSAND DOLLARS ($ ,000)*** <br />Orange County, North Carolina (the "County"), for value received, promises to <br />pay to the registered owner hereof, or registered assigns or legal representative, the <br />principal amount stated above on the maturity date stated above, subject to prior <br />redemption as described herein, and to pay interest on this Bond semiannually on each <br />April 1 and October 1, beginning October 1, 2000, at the annual rate stated above. <br />Interest is payable (a) from April 1, 2000, if this Bond is authenticated prior to October 1, <br />2000, or (b) otherwise from the April 1 or October 1 that is, or immediately precedes, the <br />date on which this Bond is authenticated (unless payment of interest hereon is in default, <br />in which case this Bond shall bear interest from the date to which interest has been paid). <br />Principal, premium, if any, and interest are payable in lawful money of the United States <br />of America. <br />[This Bond is one of an issue of the County's $37,330,000 Public Improvement <br />Bonds, Series 2000B (the "Bonds"), of like date and tenor, except as to number, <br />denomination, rate of interest, privilege of redemption and maturity. The Bands have <br />been authorized by a bond order adopted by the County's Board of Commissioners on <br />August 2S, 1997, and are issued pursuant to a resolution adapted by such Board on <br />February 29, 2000, and the Constitution and laws of the State of North Carolina, <br />including the Local Government Band Act.] <br />[This Bond is one of an issue of the County's $2,845,000 Public Improvement <br />Bonds, Series 2000A (the "Bonds"), of like date and tenor, except as to number, <br />