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<br />The Bond Registrar shall not be required to exchange or register the transfer of any Bond <br /> <br />during a period beginning ijlt the opening of business 15 days before the day of the mailing of a <br /> <br />notice of redemption of Bonds or any portion thereof and ending at the close of business on the <br /> <br />day of such mailing or of any Bond called for redemption in whole or in part pursuant to the <br /> <br />Resolution. <br /> <br />It is hereby certified and recited that all acts, conditions and things required by the <br /> <br />Constitution and laws of North Carolina to happen, exist and be performed precedent to and in <br /> <br />the issuance of this Bond have happened, exist and have been performed in regular and due form <br /> <br />and time as so required; that provision has been made for the levy and collection of a direct <br /> <br />annual tax upon all taxable property within the geographic boundaries of the County sufficient to <br /> <br />pay the principal of and the interest on this Bond as the same shall become due; and that the total <br /> <br />indebtedness of said County, including this Bond, does not exceed any constitutional or statutory <br /> <br />limitation thereon. <br /> <br />[The following paragraphs through the Certificate of Authentication <br />are to appear on the front side of printed Bonds] <br /> <br />This Bond shall not be valid or become obligatory for any purpose or be entitled to any <br />benefit or security under the Resolution until this Bond shall have been authenticated by the <br />execution by the Bond Registrar of the certificate of authentication endorsed hereon. <br /> <br />14 <br />