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LAW OlrlrlCl'~ OIr
<br />
<br /> MITCHELL, PERSHING, SHETTERLY 8, MITCHELL
<br />
<br />RO BI E L. M ITCH ELL (HA~SLIGH ~,NO MITCH[LLI
<br />C. RUSSELL SH ETTER/Y NICW YORK al~ N.Y. (HITCH[I.[ ANO P[RSHINO)
<br />ROBERT I.. HITCH[LI.
<br />RICHARD S. PETTY T~r~..WHITCHALI. 4-TaaB
<br />,,JOSEPH GUAN OO/O ~ AR~ COOE
<br />o`.oRo~ ,,. BOY,." February 17, 1965.
<br />HOWARD W. WHITAK`.R, JR.
<br />
<br /> Board of Corr~nissioners for the
<br /> County of Cabarrus, North Carolina
<br />
<br /> Gentlemen:
<br />
<br /> Iqe have examined certified-copies of the legal .proceed-
<br /> ings, including t:he election proceedings and ocher prooEs submit-
<br /> ted, relative to' the issuance and sale of
<br />
<br /> $3,000,000
<br />
<br /> COUNTY OF CABARRUS, NORTH CAROLINA SCHOOL BUILDING BONDS, SERIES A
<br />
<br /> Daced December 1, 1964.
<br />
<br /> Denomination $5,000
<br />
<br /> Numbered I to 600, inclusive.
<br />
<br /> Maturing annually, June 1, in numerical order, lowest
<br /> numbers first, $200,000 1966, $90,000 1967 to 1972, in-
<br /> clusive, $100,000 1973, $115,000 1974 to 1978, inclu-
<br /> sive, $130,000 1979 co 1984, inclusive, $160,000 1985
<br /> co 1988, inclusive, and $165,000 1989, without opcion
<br /> of prior payment.
<br />
<br /> The bonds which mature in the years 1966 co 1975, inclu-
<br /> sive, bear interest at the rate of 6% per annum, the bonds
<br /> which mature in the year 1976 bear interest at the rate
<br /> of 5-3/4% per annum, the bonds which mature in the years
<br /> 1977 to 1987, inclusive, bear intere6t at the race of 3%
<br /> per annum and the bonds which mature in che years 1988
<br /> and 1.989 bear interest .at the rate of 1/10th of 1% per
<br /> annum.
<br />
<br /> Principal and semi-annual interest (June and December 1)
<br /> payable at The Chase ManhatCan Bank, in the Borough of
<br /> Manhattan, City and Stace of New York, in any coin or cur-
<br /> rency of the United States of America which, at the respec-
<br /> tive dates of payment chereof, is legal tender for the pay-
<br /> menc of public and private debts.
<br />
<br /> Registrable as co principal alone.
<br />
<br /> First Series of an authorized issue of $6,000,000 bonds.
<br />
<br /> We have also examined one of sgid bonds as executed (bond~
<br /> numbered 1).
<br />
<br />
<br />
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