BC 1951 12 03 - Laserfiche WebLink

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59 Notes", which notes shall be dated December 20, 1951, shall mature on March 20, 1951, shall mature on March 20, 1952, without option of prior payment, shall consist of 1 note of $67,000 numbered 1, and four notes of $100,000 each, numbered 2 to 5, inclusive, shall bear interest at the ,rate of 1.39% per annum, payable at the maturity of the notes to which no interest coupons sh~ll be attached and both the principal c~ and the interest on said notes shall be payable at the Hanover Bank, in the Borough of Manhattan, City and State of New Yorke Section 3, That said notes shall be signed by the Chairman of the Board of Coma ssioners and by the Register of Deeds and ex officio Clerk of said Board, under the corporate seal of the County , and shall have endorsed thereon the written approval of the County Attorney, and the form of said notes shall be substantially as follows~ No. $ United States of America State of North Carolina COUNTY OF CABARF~S School Building Bond Anticipation Note The County of Cabarrus, North Carolina, for value received hereby promise to pay to the bearer on the 20th day of March, 1952, the principal sum of Dollars together with interest thereon i~om the date hereof at the rate of one and thirty nine hundredths per centum (1.39%) per annum, payable upon the presentation and surrender of this note at its maturity. Both the principal of and the interest on this note are payable at The Hanover Bank, in the Borough of Manhattan~ City and State of New York. For the proart pa~aent hereof, both principal and interest as the same fall due, the full faith and credit of said County of Cabarrus are hereb~ irrevocably pledged. This note is issued by said County in anticipation of the receipt of the proceeds of a like amount of school building bonds duly authorized by t~o orders each of which was approved by the ~ote of a majority of the qualified voters of said county who voted at an election duly called and held~ and this note is issued pursuant to and in full compliance with The County Finance Act, as amended, and the Local Gove~-ent Act, as amended, and a resolution duly passed by the Board of Commissioners for said County on December 3, 1951. It is hereby certified and recited that all acts, conditions and things required to h~p~ exist and be done by the Constitution and 1~ of North Carolina precedent to and in the issuance of this note have happended, exist and have been done in regular and due fora and t~-~ as so requtmed and that the total indebtedness of~id Qounty, including this note, does not exceed any constitutional or statutory limitation thereon. IN WITNESS WHEREOF, said County of Cabarrus, Pursuant to said resolution of its Board of Commissioners, has caused this note to be executed by the Chairman of said Board and by the Register of Deeds and ex officio Clerk of said Board, under the corporate seal of the County, all as of the 2Otb day of Decemb~er, 1951e J. Lee White, The issuance of the within note Chairman of Board of Commissioners is hereby approved. John R. Boger John Sharpe Hartsell Register of Deeds and ex officio County Attotney Clerk of Board of Commissioners