2002 - 04-15-02 Regular Meeting - Laserfiche WebLink

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Pu 8 PACE g 36 (FORM OF NOTE) No. R -1 $4,166,000 Unless this certificate is presented by an .authorized representative of The Depository Trust Company, a New York. corporation ( "DTC ") to Lee County Water and.Sewer District No. 1, North Carolina or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. United States of America State of North Carolina LSE COUNTY WATER AND SEWER DISTRICT NO. 1 WATER BOND ANTICIPATION NOTE INTEREST MATURITY DATE OF RATE DATE ORIGINAL ISSUE December 18, 2002 May 21, 2002 CUSIP REGISTERED OWNER: CEDE & CO. PRINCIPAL SUM: FOUR MILLION ONE HUNDRED SIXTY SIX THOUSAND DOLLARS Lee County Water and Sewer District No. 1 (hereinafter referred to as "District "), a body politic and corporate in the State of North Carolina, acknowledges itself indebted and for value received hereby promises to pay to the registered owner named above or registered assigns or legal representative, on the date specified above, the principal sum shown above and to. pay to such person, on the date specified above interest on such principal sum from the date of this note at the rate per annum shown above on the basis of a 360 -day year consisting of twelve 30 -day months, payable upon the presentation and surrender of this note at its maturity. Both the principal of and the interest on this note are payable at the office of the Finance