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I. AW OlrWlCr~' OF' <br /> <br /> MITCHEi;.L, PERSHING,,,~HETTERI-Y & MITCHELL <br /> 39~# FLOOR <br /> <br /> ROBIE L. MITCHELL <br /> C. RUSSELL SHETTERLY HEW YORK 4, N.Y. (MITCH£1.1. A#D <br /> <br /> RICHARD $. PETTY A~IEA Co01~ ~.1=~ <br /> ~JOSEPH GUAN DOLO <br /> ~,oRo£ 0. ,,O~L, February 17, 1965. <br /> HO¥/ARO W. WHITAKER, JR. <br /> <br /> Board of Commissioners for the <br /> Count7 of Cabarrus, Nort:h Carolina <br /> <br />· Gentlemen: <br /> <br /> We have examined cerC:Lfied copies of the legal proceed- <br /> ings and ocher proofs submitted r~lacive co the issuance and sale <br /> of <br /> <br /> $95,000 <br /> <br /> COL~TY OF CA~ARRUS, NORTH CAROLINA <br /> P~EFUNDING SCHOOL B0h'DS <br /> <br /> Dated December 1, 1964. <br /> Denomination $5,000. <br /> Numbered 1 co 19, inclusive. <br /> <br /> Maturing annually, June 1, in numerical order, lowest <br /> numbers firs=, $5,000 1966 to 1984, inclusive, with- <br /> ouc option of prior payment. <br /> <br /> The bonds which ma~ure in the years 1966 to'1975, inclu- <br /> sive, bear interest at the race of 67. per annum, the bonds <br /> which mature in the year 1976 bear interest ac the race of <br /> 5-3/4'/. per annum and the bonds which mature in the years <br /> 1977 co. 1984, inclusive, bear interest ac the race of 37. <br /> p e r annum. <br /> <br /> Principal and semi-annual interest (June and December 1) <br /> payable at The Chase Manhattan Bank, in the Borough of <br /> Manhattan, Ci.Cy and State of New York, in any coin or cur- <br /> rency of the United States of America which, ac the respec- <br /> tive dates of payment thereof, is legal tender for .the pay- <br /> ment of public and private debts. <br /> <br /> Regiscrable as co principal alone. <br /> <br /> We have also examined one of said bonds as executed (bond. <br /> numbered 1). <br /> We are of the opinion thaC such proceedings and proofs <br /> show lawful authority for the issuance a~d sale of said bonds pur- <br /> suant to.The County:Finance AcC, as amended, and the Local Govern- <br /> menc Act, as amended, and chat said bonds constitute valid and bind- <br /> lng general obligations of said County of Cabarrus, all the caxabl~ <br /> real and tangible personal property within which ~'s subject co the <br /> <br /> <br />