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,. - 1, . . �. �.• >� '''•'-` •• ;
<br /> Each of the interest coupgns to,be aiiached to the bands shall be, ;-,; . . - ' '',,authenticated,by the facsimile.signature of' said'Clerk. Roth princi • '':
<br /> ; pal of and interest on the bonds shall be payable at,the.principal • •
<br /> ' ' office of the;Ghemicai Bank-New Yca'tc""Trust Gompany, inthe ,
<br /> : a Borough of !Manhattan," City and State of New;York, or;- at the option ••
<br /> of-the-holder,'at the office of the Wachovia Bank and Trust Company:•
<br /> in the City of Raleigh, North Carolina, 'may-coin. or currency "of the
<br /> United States of'Atnerica•which at the time of,payrrnent:fs legal tender
<br /> .: for the payment of public and private•debts. . . • . .
<br /> • (6) Each of the bonds and.the interest 'coupons representing
<br /> the interest payable thereon'and the provleionsnfor the reggistration'. '::"
<br /> • •••:,.:of the bonds and for the approval of the bortds'by the Secretary of •
<br /> • a:.the Local'Governinent Commission to be endorsed thereon.. shall be i .= t
<br /> •' • in substantially the fallowing form: : •
<br /> •
<br /> r..
<br /> o.
<br /> •
<br /> • • UNITED STATES OP 'Ati4ERICA •• .
<br /> • _ STAlE;OF NORTH.CA,ItOLINA. ; • . •• ,
<br /> .M . SCHOOL ti1111:.I3INC BONO • _
<br /> SLitIhS B .
<br /> $I;GOO $16COO
<br /> 14 �
<br /> • 'ilia3COUNTY OF LEE (hereinafter referred-to as "County"), •
<br /> " - ,.a•county'of the State of North'Carolina, for value received hereby ,
<br /> promises to pay to the:bearer of this bond, or; if it be'registered,
<br /> to'the restored holder,' the principal sum rrf '; _ •
<br /> ONE TFIOUSAND,DOL l.A S ($1,000)'- •
<br /> - ;; ... - ;;on May.1,=,19'_._. ' and pay interest.therecin,f rom the date of .,:.• , • -.,
<br /> ' - ' this bond untiil-Itshall:mature•at the;rate:of ; • .
<br /> • ;per centurn;(. :.• ti `' , Pas annual,•pay- .
<br /> Ole semi-annually:on'May 1 and November rin each year;•upon ' • ..
<br /> • ;',presentation end surrender' of the.coupons:therefor. attached hereto, °,
<br /> as they severally Mature: .'Both principal of and interest on this
<br /> • < ;.•4bond are',payable:at the'principal office of the„Chemical l3ank'New.'.- r..
<br /> - • Trust Company,1 in the Borough of Manhattan,'City and,State a •
<br /> -blew York,:or, ,at the•opiion.el the holder,-at-the llachovia Dank;and- •
<br /> -:: . }:: '-,.Trust Company,: in the City of Raleigh; North Carolina,`in any coin ;":
<br /> •
<br /> • or currency-pi the .UnitedStatee of,America which at;the time of :' • ;:. ':;
<br /> •`' • • ••'payment.is legal tender for the payment of public and private depts.
<br /> `This bond may be registered as to principal only by the"
<br /> •• holder in.•his name on the bond,register of the County kept in the
<br /> • .:: ‹'office oftheBond Registrar of the County,'-and,such registration • :
<br /> • -. ';;•shall 'benoted:hereon by said Road Registrar. ;;Ifso registered,•:-.•
<br /> this3bond may be transferred on said:,bond register by the registered
<br /> • • ' :,4hoider in personor.by attorney,::upon presentation of this bond.to,: .'
<br /> - : ', the.Bond,Registrer:with a written Instrument of transfer in''a toxin
<br /> approved by said Bend Registrar and executed:by Said registered . .. )
<br /> holder. If this bond be so`registered, .the principal shall',thereafter,
<br /> k ' be payable oniy,to the person in whose name it is.,registered', unless_' • .•
<br /> : •r: 5 -'' <<` this'bond shall be,discharged from:registry-by*being regtstered•as
<br /> :payableto,bearer:, Such reglstration shall not affect,the'negotiability,' '
<br /> ;of the coupon©, which shall continue to pass bq,delivery. . : • • •• ''
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