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pon bonds of the County of Cabarrus in =he ag§re=are principal <br />amount of $95,000, designated "Refunding School Bonds", da=ed <br />December 1, 1964, consisting of 95 bonds of =he denomination of <br />$1,000.each, numbered 1 =o 95, inclusive, unless, pursuant to =he <br />provisions of the notice of sale for said bonds published by the <br />Local Government Commission, =he successful bidder for said bonds <br />shall request $5,000 denominations, in which even= said bonds shall <br />consist of 19 bonds of =he denomination of $5,000 each, numbered 1 <br />to 19, inclusive. Said bonds shall mature annually, June 1, in <br />numerical order, lowest numbers first, $5,000 1966 =o 19.84, inclu. <br />sire, without option of prior payment, shall bear interest from <br />=heir dare at a rare or rates no= exceeding 6% per annum =o be <br />determined by =he Local Government Commission at the rime the bond~ <br />are sold, which interest to =he maturity =hereof shall be payable <br />semi-annually on =he ls= days of June and December of each year, <br />and both the principal of and =he interest on said bonds shall be <br />payable a= The Chase Hanhattan Bank, in =he Borough of Manha==an, <br />City and Stare of New York, in any coin or currency of =he United <br />S:a=es of America which, a= the respective dates of payment :here- <br /> <br /> of, is legal tender for =he payment of public and private debts. <br /> Upon motion of Commissioner ~e~ ~,11 , seconded <br /> by Commissioner O~ ~-. i',~; i ~C%'~<'. -~, =he foregoing resolution en- <br /> titled: "~ESOLUTION PROVIDING FOR THE ISSUANCE OF $95,000 <br /> SCHOOL BONDS" was Passed by ~he following vo~e: <br /> <br /> Thereupon Commissioner' .~f~,~} /~'~/ introduced :he <br /> <br /> <br />