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518 <br /> <br /> ~aturity hereof being payable semiallually on the first days of June and December <br /> in each year upon the presentation and surrender of the coupons representing such <br /> interest as the same respectively become due. Both the principal of and the intere:lt <br /> on this bond are payable at The Chase Manhattan Bank, in the Boruugh of Manhattan, <br /> City and State of New York, in any coin or currency of the United States of America <br /> which, a t the respective dates of payment thereof, is legal tender for the payment <br /> of public and private debts. For the prompt payment ~ereof, both principal and <br /> interest as the same shall become due, the full faith and credit of said County of <br /> Cabarrus are hereby irrevocably pledged. <br /> <br /> This bond is one of a series issued by said County, actmng as an administrat ye <br /> <br /> agent of the State of North Carolina in providing a State system of public schools, <br /> for the purpose of providing funds, with any other funds available for such <br /> purpose, for enlarging the Logan School and the Hartsell School and acqUiring <br /> aecessary equipment in order to maintain the six months' school term in mid County <br /> as required by Section 3 of Article IX of the Constitution, and this bond is ~ssued <br /> ander and pursuant to The County Finance A~t, as amended, .a..~d the Imcal Govennman$ <br /> <br /> .~ct, as amended, and an order and resolutions duly passed by the Bcard of Commissioners <br /> <br /> for said County. <br /> <br /> It is hereby certified and recited that all acts, conditions and things required ~' <br /> ;o happen, exist and be performed by the Constitution and laws of North Carolina <br /> ~recedent to and in the issuance of this bond ~mve tlappened, exist and ha ye been <br /> )erformed in regular and due form;:.and~L, time as so required; that provision has been <br /> adc for the levy 'and collection of a direct annual tax upon all taxable property <br /> ,~thin said County sufficient to pay the principal of.. and the interest on this bond <br /> ~s the same shall become due; and that the total indebtedness of said County, in- <br /> '~luding this bond and all other indebtedness heretofore contracted in the fiscal <br /> 'ear in which this bond is issued, does not exceed any constitutional or statutory <br /> .imitation thereo~. <br /> <br /> This bond may be registered as to principal alone in accordance with ~e <br /> <br /> ~rovisions endorsed hereon. <br /> <br /> IN WITNESS WHEREOF, s aid County of Cabarrus, by order of its Board of <br /> <br /> ~ommi~sioners, has_caused ~mis_.b~nd_~ he.__aignexL by.~hc. Chair~a~ of said Board and <br /> ,y the Register of Deeds and ex officio Clerk of said Board and the corporate seal <br /> ~f said County too e affixed hereto, and has caused the interst coupons attached <br /> ~ereto to be executed with the facsimile signature of said Register of Deeds and <br /> ~x officio ClerX, all as of .the i st day of June, 1959. <br /> <br /> Chairman of Board of Commissioners <br /> <br /> Register of Deeds and ex officio <br /> Clerk of Board of Commissioners <br /> <br /> <br />