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<br />and to pay interest on such principal sum from the date hereof, or from the [February 1 or <br /> <br />August 1 next preceding the date of authentication to which interest shall have been paid, unless <br /> <br />such date of authentication is a February 1 or August 1 to which interest shall have been paid, <br /> <br />in which case from such date, such interest to the maturity hereof being payable on [August] 1, <br /> <br />2005 and semiannually thereafter on [February 1 and August 1] in each year, at the rate per <br /> <br />annum specified above, until payment of such principal sum. The interest so payable on any <br /> <br />such interest payment date will be paid to the person in whose name this Bond (or the previous <br /> <br />Bond or Bonds evidencing the same debt as that evidenced by this Bond) is registered at the <br /> <br />close of business on the record date for such interest, which shall be the 15th day (whether or not <br /> <br />a business day) of the calendar month next preceding such interest payment date, by check <br /> <br />mailed to such person at his address as it appears on the bond registration books of said County. <br /> <br />Both the principal of and the interest on this Bond shall be paid in any coin or currency of the <br /> <br />United States of America that is legal tender for the payment of public and private debts on the <br /> <br />respective dates of payment thereof. For the prompt payment hereof, both principal and interest <br /> <br />as the same shall become due, the faith and credit of said County of Cabarrus are hereby <br /> <br />irrevocably pledged. <br /> <br />[Printed Bonds are to include the following paragraph] <br /> <br />ADDITIONAL PROVISIONS OF THIS BOND ARE SET FORTH ON THE REVERSE <br /> <br />HEREOF AND SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET <br /> <br />FORTH HERE. <br /> <br />[Reverse Side of Printed Bonds} <br /> <br />This Bond is one of an issue of Bonds designated "School Bonds, Series 2005" (the <br /> <br />"Bonds") and issued by the County for the purpose of providing funds, with any other available <br />8 <br /> <br />Q-'f- <br />