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( 5) Each of the bonds and the interest coupons representing <br /> the interest payable thereon and the provisions for the registration <br /> of the bonds and for the approval of the bonds by the Secretary of <br /> the Local Government Commission to be endorsed thereon, shall be in <br /> substantially the following form: <br /> (Form of Bond) <br /> No. No . <br /> UNITES STATES OF AMERICA <br /> STATE OF NTH CAROLINA <br /> COUNTY OF LEE <br /> SCHOOL BUILDING BOND <br /> $1,000 ,.- $1,000 <br /> The COUNTY OF LEE (hereinafter referred to as"Count,) , <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 registered holder, the principal sun of <br /> ONE THOUSAND DOLLARS ($1,000) <br /> on, December,l, 19 , and to pay interest thereon from the date of <br /> this bond until it shall mature at the rate of <br /> per centum ( %) per annum, payable semi-annually on June 1 <br /> and December 1, in each year, upon presentation and surrender of <br /> the coupons therefor attached hereto , as they severally mature, <br /> Both principal of and interest on this bond are payable at the prin- <br /> cipal office of the Chemical Corn Exchange Bank, in the Borough of <br /> Manhattan, City and State of New York, in any coin or currency of <br /> the United States of America which at the time of payment is legal <br /> tender for the payment of public and private debts. <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 of the Bond Registrar of the County, and such registration <br /> shall be noted hereon by said Bond Registrar. If so registered, <br /> -3- <br />