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0 CGOX 18 P~.GE 602 0 <br />NO. R- <br />United States of America <br />State of North Carolina <br />COUNTY OF LEE <br />INTEREST <br />RATE. <br />REFUNDING BOND, SERIES 2001 <br />MATURITY DATE OF <br />DATE ORIGINAL ISSUE <br />February 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 February I or August 1 <br />next preceding the date of authentication to which interest shall have been paid, unless such date <br />of authentication is a February 1 or August I to which interest shall have been paid, in which <br />case from such date], such interest to the maturity hereof being payable on February 1, 2002 and <br />semi-annually thereafter on August 1 and February 1 of each year, at the rate per annum <br />specified above, until payment of such principal sum. The interest so payable on any such <br />interest payment date will be paid to the person in whose name this bond is registered at the close <br />of 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 />Gv6 <br />6 <br />