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0 F1C0% 1$ PdCE 6=6 <br />NO. R- <br />United States of America <br />State of North Carolina <br />COUNTY OF LEE <br />PUBLIC IMPROVEMENT BOND, SERIES 2001. <br />INTEREST MATURITY DATE OF <br />RATE DATE ORIGINAL ISSUE <br />May 1, _ November 1, 2001 <br />REGISTERED OWNER: CEDE & CO. <br />PRINCIPAL SUM: <br />CUSIP <br />DOLLARS <br />The COUNTY OF LEE (hereinafter referred to as "County"), a county of the <br />State of North Carolina, acknowledges itself indebted and for value received hereby promises to <br />pay to the registered owner named above, on the date specified above, upon surrender hereof, at <br />the office of the Finance Officer of the County, Lee County Government Center, Sanford, North <br />Carolina 27331-1968 (the 'Bond Registrar"), the principal sum shown above and to pay to the <br />registered owner hereof, at his address as it appears on the bond registration books of the County, <br />interest on such principal sum from the date of this bond [or from the May 1 or November 1 next <br />preceding the date of authentication to which interest shall have been paid, unless such date of <br />authentication is a May 1 or November 1 to which interest shall have been paid, in which case <br />from such date], such interest to the maturity hereof being payable on May 1, 2002 and semi- <br />annually thereafter on November 1 and May I of each year, at the rate per annum specified <br />above, until payment of such principal sum. The interest so payable on any such interest <br />payment date will be paid to the person in whose name this bond is registered at the close of <br />business on the record date for such interest, which shall be the fifteenth day of the calendar <br />month (whether or not a business day) next preceding such interest payment date. Both the <br />principal of and the interest on this bond shall be paid in any coin or currency of the United <br />States of America that is legal tender for the payment of public and private debts on the <br />respective dates of payment thereof. <br />This bond is issued in accordance with the Registered Public Obligations Act, <br />Chapter 159E of the General Statutes of North Carolina, and pursuant to The Local Government <br />Finance Act of the State of North Carolina, as amended, a bond order adopted by the Board of <br />Commissioners of the County on September 4, 2001 (the "Bond Order") and resolutions adopted <br />by said Board of Commissioners (the "Resolution") to provide funds, together with other funds <br />G 13 0 <br />30 <br />