Laserfiche WebLink
242 <br /> <br /> COUNTY OF CABaRRUS <br /> <br /> Refundir~ School Bond Anticipation .Note <br /> <br /> The County of Cabarrus, North Carolina, is justly indebted and for value received hereby <br /> promises to pay to the bearer on the let day of March, 195~, the principal sum of fi ii <br /> F~FTEEN THOUSAND DOLLARS <br /> <br /> and to pay interest ~ ereon from the date hereof at the rate of % per annum payable~pon <br /> <br /> the pre_sentation and surrencer of this note at its maturity. Both the principal of and the intere~.t <br /> <br /> on this note are payable at t~ , in , <br /> <br /> , in any coin or currency of the United States of America <br /> which, at the time of payment, is legal tender for the payment of public and private debts. For t~.e <br /> <br /> prompt payment hereof, both principal and interest as the same fall due, the full faith ar~ credit <br /> <br /> of said County of Cabarrus are hereby irrevocable pledged. <br /> <br /> This note is issued by said County in anticipation of the receipt of the proceeds of a like <br /> <br /> amount of refunding bonds authorized by an order finally passed on October ~, 195~, and this note <br /> is issued pursuant to and in full compliance with The County Finance Act, as amended, and the Loc~ ~ <br /> Gover ment Act, as amended, and a resolution duly~assed .by the Board of Commissioners for said <br /> County. <br /> <br /> It is hereby certified and recited that all acts, conditions and things required to happen <br /> <br /> exist and be performed by the Consitution and laws of North Carolina precedent to and in the <br /> <br /> issuance of this note have happened, exist and have been performed in regular and due form and ti e <br /> <br /> as so required, and that the total indebtedness of ~said County, including this note, does not ~J <br /> exceed, and that the total indebtedness of said Countyaat the creation of the indebtedness refund, d <br /> <br /> hemeby~, including said ~indeb~e~dness, did not then .exgee~ ~any~ constitutional or st.atutory limitat~ on <br /> <br /> thereon. <br /> <br /> IN WITNESS WHEREOF said County of Cabarrus, pursuant to said resolution of its Board of <br /> <br /> Commissioners, has' caused this note to be executed by t~ Chairman of said Board and by the <br /> Register of Deeds. and ex officio Clerk of said Board, underi~he corporate seal of said County, al] <br /> as of the 20th day of .November, 19~. <br /> <br /> Chairman of Board of Commissioners <br /> <br /> Register of Deeds and ex officio <br /> Clerk of Board of Commissione~ <br /> <br /> The issuauce of the within note is hereby approved. <br /> <br /> County Attorney <br /> <br /> (To be endorsed upon reverse of note) <br /> <br /> Local Government <br /> <br /> Commission Serial No .......... <br /> <br /> The issuance of ~Ais note has been approved underlthe profisions of the Local Government <br /> <br /> Act of North Carolina. <br /> <br /> M. £. Easter!ing, <br /> Secretary, Local Government Commission <br /> <br /> By: <br /> <br /> Designated Assistant <br /> <br /> <br />