BC 1955 08 01 - Laserfiche WebLink

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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 note shall be substantially as follows: No. i $25,000 United States of America State of North Carolina COUNTYOF CABARBUS RefundiB. g School Bond Anticipation Note The County of Cabarrus, N~rth Carolina , is justly indebted and for value received hereby · promises t'o pay to the bearer on the 1st day of March, 1956, the principal sum of TWENTY FIVE THOUSAND DOLLARS AhU] TO PAY INTER~ST THEREON from the date hereof at the rate of % per annum payable upon the presentation and surrender of this note at its maturity. Both the Principal of and the interest on this note are payable at the in .... , , in any coin or currency of the United States of America which, at the time of payment, is legal tender for the payment of public and private debts. For the prompt payment hereof, both principal and interest as the same fall due, the full faith and credit of said County of Cabarrus are hereby irrevocably pledged. This note is issued by said County in anticipation of the receipt of the proceeds of a like amount of refunding bonds authorized by an order finally passed onAugust l, 1955, and this note is issued pursuant, to and in full compliance with The County Finance Act, as amended, and the Local Government Act, as amended, and a resolution duly passed by the Board of Commissioners for said county. It is hereby certified andrecited that all acts, conditions and things required to happen, exist and be perfor ed by the Constitution and laws of North Carolina precedent to and in the issuance of this note have happended, exist andhave been performed in ~egular and due form and time as so required, and that the total indebtedness of said County, including this note, does not exceed, and that the total indebtedness of said County at' the creation of the indebtedness refunded hereby, including said indebtedness, did not then exceed any constitutional or statutory limitation ther eon. ................. ~ >_~TN~S _!~EREOF _ s~_i_d ..O~ounty~_of__Oab_a~r~us ~ Dur suan~_ _~_ s aid_masaln~ of __i~s_$~r d_of_ Commissioners, has caused this note to be executed by the Chairman of said Ooard and by the Register of Deeds and ex officio Clerk of said Board, under the corporate seal of said County, all as of the 26th day of September, 1955. Oha~iman of B~ rd of Commissioners Register of Deeds and ex officio Clerk of Board of Commissioners The issuance of the within note is hereby approved. County Attorney