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IFormof coupons] On ..................... 1, ..... , the County of Cabarrus, North Carolina, will pay to bearer (unless the bond mentioned below shall previously have become payable as provided in the resolution referred to in such bond and provision for payment thereof shall have been duly made) at First union National Bank of North Carolina, in the'City of Charlotte~ North Carolina, or, at the option of the bearer, at The Chase Manhattan Bank (National Association), in the Borough of Manhattan, City an~ State of New York, upon the presentation and surrender hereof, the sum of .......................... Dollars in any coiu or currency of the United States of America which at the time of payment is legal tender ~or the payment of public and private debts, as provided in a~d for the semiannual interest then due u~on its School Bond, Series B, dated May 1, 1980, n~u~bere~ ........ [Facsimile si~nature~ Clerk of .the Board of Commissioners Section 4. Said bonds maturing prior to May 1, 1991 will not be subject to redemption prior to maturity. Said bonds maturing on May 1, 1991 and thereafter will be redeem- able, at the option of said County, from any moneys that may be ma~e available for such purpose, either in whole on any date not earlier than May 1, 1990 or in part on any interest payment date not earlier than May 1, 1990, at the principal ~mount of said bonds to be redeemed, together with interest accrue~ thereon to the date fixed for redemption, plus a premium of 1/2 of 1% of the.principal amount for each calen- dar year or part thereof between'the redemption date and the maturity date of each bond to be redeemed, such premium not to exce~ 2% of such principal amount.