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Ask <br />~I11f1 ;ad;L A <br />private debts. Interest on this bond is payable by check by <br />the Paying Agent mailed to the registered owner hereof at <br />his address as it appears on the bond registry books 'of <br />First-Citizens Bank & Trust Company, Raleigh, North Caro- <br />lina, as transfer agent and bond registrar (the "Transfer <br />Agent"), at the close of business on the fifteenth day of <br />the calendar month next preceding each interest payment <br />date. <br />This bond is transferable by the registered owner <br />hereof or his duly authorized attorney at the principal <br />office of the Transfer Agent, upon surrender of this bond, <br />accompanied by a duly executed instrument of transfer in <br />form and with guaranty of signature satisfactory to the <br />Transfer Agent, and upon payment of any taxes or other gov- <br />ernmental charges incident to such transfer. Upon any such <br />transfer a new registered bond without coupons of the same <br />maturity and in the same aggregate principal amount will be <br />issued to the transferee. The person in whose name this <br />bond is registered shall be deemed the owner hereof for all <br />purposes, and the County and the Transfer Agent shall not be <br />affected by any notice to the contrary. <br />This bond is issued in accordance with the Regis- <br />tered Pubic Obligations Act, Chapter 159E of the General <br />Statutes of North Carolina, and pursuant to The Local Gov- <br />ernment Finance Act and a bond order adopted by the Board of <br />Commissioners of the County on September 3, 1985, to pay <br />capital costs of improving school facilities. <br />