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Section 3. Said bonds shall be executed with the <br /> facsimile signatures of the Chairman and the Clerk-of the <br /> Board of Commaissioners for said County, a facsimile of the <br /> corporate seal of said County shall be imprinted on said <br /> bonds, and the interest coupons to be attached to said bonds <br /> shall be executed with the facsimile signature of said <br /> Clerk. Said bonds and coupons and endorsements to be print- <br /> ed upon the reverse of said bonds shall be in substantially <br /> the following forms: <br /> <br /> $5,000 <br /> United States of America <br /> State of North Carolina <br /> <br /> COUNTY OF CABARRUs <br /> School Bondt Series B <br /> The County of Cabarrus, in the State of North Carolina, <br /> is justly indebted and for value received hereby promises to <br /> pay. to the bearer or, if this bond be registered, to the <br /> <br /> registered owner hereof~ on the 1st day o'f May, (or <br /> earlier as hereinafter referred to), the principal sum of <br /> <br /> FIVE THOUSAND DOLLARS <br /> and to pay interest thereon from the date hereof at the rate <br /> of ........................................ per c'ntum <br /> ( ..... %) per annum until payment of such principal sum, such <br /> <br />interest to the maturity hereof being payable semiannually on <br />the 1st days of ~ay and November in each year upon the <br />presentation and surrender of the coupons representing such <br />interest as the same respectively become due. Both the <br />principal of and t~e interest on this bond are payable at <br />First Union National Bank of North Carolina, in the City of <br />Charlotte, North Carolina, or, at the option of the holder <br />or registered owner, at The Chase Manhattan Bank (National <br />Association), in the Borough of Manhattan, City and State <br /> <br /> <br />