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option of prior payment, and shall bear interest at a rate to be ~etermined by the Loeal <br /> Government Commission at the time the notes are sold, not exceeding 6% per annum, which <br /> interest shall be payakle at the maturity of the notes to which no interest coupons shall <br /> be attached. Said notes shall have such denominations and numbers, and shall be payable <br /> as to both principal and interest at such bank or trust company as may ~e fixed by the <br /> Chairman after the award of the notes by the Local Government Commission. <br /> Section 3. That said notes shall be signed by the Chairman of the Board of Commissioners <br /> and by the Register of Deeds and ex officio Clerk of said Board, under the corporate seal <br /> of the County, and shall have endersed thereon the written approval of the County attorney <br /> and the form of said notes shall be substantially as follows: <br />No. $ <br /> <br /> United States of America <br /> State of North Carolina <br /> COUNTY OF CABARRUS <br /> <br />School Building Bond Anticipation Note <br /> <br /> The County of Cabarrus, North Carolina, for value received hereby promises to pay to the <br />bearer on the 20th day of December, 1951, the principal sum of <br /> <br />DOLLARS together with interest thereon from the date hereof at the rate of per centum <br /> <br />(__%) per annum, payable upon the presentation and surrender of this note at its maturity. <br />Both the principal of a~d the interest on this note are payable at <br /> <br />in ~, . For the prompt payment hereof~ <br /> <br />both principal and interest as the same fall due, the full faith and credit cf said county of <br />Cabarrus are hereby irrevocably pledged. <br /> <br />T~is note is issued by said county in anticipation of the receipt of the proceeds of a like amount <br />of school building bends duly authorized by two orders each of which was approved by the vote of a <br />majority of the qualified voters of said county who voted at an election duly called and held, and <br />this note is issued pursuant to and in full compliance with The County Finance Act, as amended, and <br /> <br />the Local Government Act, as amended, and a resolution duly passed by the Board of Commissioners <br />for said County on June 4, 1951. <br /> <br /> It is hereby certified and recited th~b all acts, conditions and things re quired to happen, <br />e×ist and be done by the Constitution and laws of North Carolina precedent to and in issuance of <br />this note have happended, exist and Dave been done in regular and due form and time as so required <br /> <br />and that the total indebtedness of said County, including this note, does not exceed any constitu, <br />tional or statutory limitation thereon. <br /> <br /> IN ~¥ITNESS V~HEHEOF, said County of Cabarrus, pursuant to said resolution of its Board of <br />Commissioners, has caused this note to be executed by the Chairman of said Board and by the <br />Register of Deeds and e~ officio Clerk of said Board, under the c c~porate seal of the county, all <br />as of the 20th day of June, 1951. <br /> <br /> J. Lee White <br /> Chairman of Board of Commissioners <br /> <br /> John R. Boger <br /> Register of Deeds and e~ officio <br /> Clerk~of Board of Commiss iouers <br /> <br />The issuance of the within note i~ hereby ap~ roved. John Sharpe Hartsell <br />(To be endorsed in reverse of notes) county ~ttorne~ <br /> <br /> <br />