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0 p e <br />BOOK O PAGE 670 <br />$25,000 in each of the years 1978 to 1989, inclusive, <br />$50,000 in each of the years 1990 to 1993, inclusive, <br />and <br />$25,000 in the year 1994. <br />5. The bonds shall be dated June 1, 1976 and <br />shall bear interest from their date at a rate which <br />shall be hereafter determined upon the public sale <br />thereof and such interest shall be payable semi-annually <br />on June 1 and December 1. <br />6. The bonds shall be coupon bonds, registr- <br />able as to principal only, and shall bear the facsimile <br />signatures of the Chairman and Clerk of the County Board <br />of Commissioners. A facsimile of the corporate seal.of <br />the County shall be imprinted upon each of the bonds. <br />Each of the interest coupons to be attached to the bonds <br />shall be authenticated by the facsimile signature of <br />said Clerk. <br />7. Both principal of and interest on the _ <br />bonds shall be payable at the principal office of First- <br />Citizens Bank and Trust Company, Raleigh, North <br />Carolina, or, at the option of the holder or registered <br />owner, at the principal office of Chemical Bank, New <br />York, New York, in such coin or currency of the United <br />States of America as at the time of payment shall be <br />legal tender for the payment of public and private debts. <br />8. Each of the bonds and the interest coupons <br />representing the interest payable thereon and the pro- <br />visions for the registration of the bonds and for the <br />approval of the bonds_by the Secretary of the Local <br />Government Commission to be endorsed thereon shall be in <br />substantially the following form: <br />-3- <br />