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