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No. R- <br /> <br />MATURITY DATE <br /> <br />[Front Side of Printed Bonds] <br /> <br /> United States of America <br /> State of North Carolina <br /> <br />COUNTY OF CABARRUS, NORTH CAROLINA <br />General Obligation Refunding Bonds, Series 2004 <br />INTEREST RATE CUSIP <br /> <br /> The County of Cabarms, North Carolina (the "Issuer"), is justly indebted and for value <br />received hereby promises to pay to <br />or registered assigns or legal representative on the date specified above (or earlier as hereinafter <br />referred to), upon the presentation and surrender hereof, at the office of the Finance Officer of <br />the Issuer, currently at Cabarrus County Governmental Center, 65 Church Street SE, Concord, <br />North Carolina 28026 (the "Bond Registrar"), the principal sum of <br /> <br /> DOLLARS <br />and to pay interest on such principal sum from the date hereof or from the February 1 or <br />August 1 next preceding the date of authentication to which interest shall have been paid, unless <br />such date of authentication is a February 1 or August 1 to which interest shall have been paid, in <br />which case from such date, such interest to the maturity hereof being payable on [August 1, 2004 <br />and semiannually thereafter on February 1 and August 1 in each year, at the rate per annum <br />specified above, until payment of such principal sum. The interest so pa~yable on any such <br />interest payment date will be paid to the person in whose name this Bond (or the previous Bond <br />or Bonds evidencing the same debt as that evidenced by this Bond) is registered at the close of <br />business on the record date for such interest, which shall be the 15th day (whether or not a <br />business day) of the calendar month next preceding such interest payment date, by check mailed <br />to such person at his address as it appears on the bond registration books of the Issuer. Both the <br />principal of and the interest on this Bond shall be paid in any coin or currency of the United <br />States of America that is legal tender for the payment of public and private debts on the <br /> <br /> <br />