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0 bcc "IN 18 P-CE 622 G 2 G <br />EXHIBIT C-2 <br />NOTICE OF REDEMPTION <br />County of Lee, North Carolina <br />Refunding Bonds, Series 1992 <br />Dated July 1, 1992 <br />CUSP # 523714 <br />NOTICE IS HEREBY GIVEN by the Board of Commissioners of the County of <br />Lee, North Carolina that all of the outstanding Refunding Bonds, Series 1992, of the County of <br />Lee, North Carolina, dated as of July 1, 1992, and maturing on February 1. in the years 2003 and <br />2004 are hereby called for redemption and prepayment on February 1, 2001 Each of the <br />following bonds so called for redemption and prepayment shall be redeemed and prepaid at the <br />applicable redemption price plus accrued interest to the date of redemption: <br />Bond <br />Numbers <br />Maturity <br />February 1 <br />CUSIP <br />Number <br />Redemption <br />Price <br />R- 11 <br />2003 <br />523714 LU5 <br />100'/z% <br />R- 12 <br />2004 <br />523714 LV3 <br />101 <br />The bonds so called for redemption shall be delivered to the office of the Finance <br />Officer of the County of Lee, Lee County Government Center, Sanford, North Carolina 27331- <br />1968. <br />Under the provisions of the Interest and Dividend Tax Compliance Act of 1983, <br />Paying Agents making payments of principal on municipal securities may be obligated to <br />withhold a thirty-one per centum (31%) tax from remittances to individuals who have failed to <br />furnish the Paying Agent with a valid taxpayer identification number. Owners who wish to <br />avoid the. imposition of this tax should submit a valid taxpayer identification number when <br />presenting their securities for redemption. <br />26 <br />