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4~ <br />No. R- <br />UNITED STATES OF AMERICA <br />STATE OF NORTH CAROLINA <br />COUNTY OF LEE <br />INTEREST <br />'RATE <br />.~t1 12 i•rr:= f2 ; <br />MATURITY <br />REGISTERED OWNER: <br />PRINCIPAL SUM: <br />SCHOOL BOND <br />DOLLARS <br />The County of Lee (hereinafter referred to as <br /> <br />s <br />"County"), a county of the State of North Carolina, acknowl- <br />edges itself indebted and for value received hereby promises <br />to pay to the registered owner named above, on that date <br />specified above, upon surrender hereof, the principal sum <br />shown above and to pay to the registered owner hereof inter- <br />est thereon from the date of this bond until it shall mature <br />at the rate per annum specified above, payable December 1, <br />1986 and semi-annually thereafter on June 1 and December 1 <br />of each year. Principal of this bond is payable by check by <br />First-Citizens Bank & Trust Company, Raleigh, North Caro- <br />lina, as paying agent, or by the duly appointed alternate or <br />successor paying agent (the "Paying Agent"), in such coin or <br />currency of the United States of America as at the time of <br />payment shall be legal tender for the payment of public and <br />('corm of 3_- nd) <br />DATE OF <br />ORIGINAL ISSUE <br />AUGUST 1, 1986 CUSIP <br />