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? <br /> 1 <br /> payable .to bearer. 'Such registration shall not affect the negotiability of <br /> the coupons, which shall continue to pass by. delivery. • <br /> This bond•is.issued,pursuant to The C:ounty•Finance Act of North <br /> . Carolina, and a bond order duly- adopted by the Board of Commissioners <br /> of the County on November 2, 1959, in'accordance with said Act, and is <br /> issued by the County, as an administrative agency of the public school <br /> • system of the State of North Carolina, to provide the facilities,necessary <br /> • for.the maintenance of public schools in the County for the nine months' <br /> . school term prescribed by law. <br /> . . It is hereby certified and recited that all .conditions, acts and.things <br /> required by the: Constitution.or statutes of the,State of North Carolina to • <br /> exist, be performed or happen precedent to or in the issuance of this <br /> • bond, exist, have been performed and have happened, and that the <br /> • amount of'this bond together with all other indebtedness of the County, ' ' <br /> ' is within every debt and other limit prescribed by said Constitution or <br /> statutes. . <br /> The•faith 'and credit of the County are hereby pledged to the <br /> punctual payment of the principal of and interest on this bond according <br /> to its terms. <br /> • IN WITNESS WHEREOF, the County.'has caused this bond to be <br /> ' signed by the Chairman and the Clerk of the Board of Commissioners <br /> ' of the County, and the corporate seal of the County' to'be hereunto affixed, <br /> and the annexed' coupons to bear the.fac simile signature of said Clerk, <br /> and'this bond to be dated February 1, 1960. . <br /> Chairman of Board of Commissioners • <br /> Clerk of Board of-Commissioners <br /> (Form of Coupon) <br /> ; NO. • $. • <br /> February, , • <br /> • On the First day of August , 19 , the COUNTY OF.LEE, a <br /> county of the State of North Carolina,: will pay to bearer' . <br /> ' ' DOLLARS '($ • - . ' ) <br /> of the principal office of the 'Chemical Bank New York Trust Company, <br /> • ' in the Borough of Manhattan, City and State of New York, or, at the <br /> . option of the holder, at the.office of the -Wachovia Bank and Trust • . . <br /> • Company, in the City of.Raleigh, North Carolina; in any coin or currency <br /> • of the United States of America which, is then legal tender for the payment <br /> of public and private debts,, being the semi-annual interest then due on its <br /> • School Bond,' dated February,l, 1960, No. . <br /> Clerk of Board of Commissioners <br />