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be subject to successive registrations and registrations of transfer as before. The <br />principal of this bond, if registered, unless registered to bearer, shall be payable <br />only to or upon the order of the registered owner or his legal representative. Not- <br />withstanding the registration of this bond as to principal alone, the coupons shall <br />remain payable to bearer and shall continue to be transferable by delivery. <br /> <br /> Date of Name of Signature of <br />Registration Registered Owner Bond Registrar <br /> <br /> (Form of Coupons) <br /> <br />No. $ <br /> On 1, 19,, <br /> the County of Cabarrus, North Carolina, will pay to bearer at The Chase <br /> Manhattan Bank (National Association), in the Borough of Manhattan, City and State of <br /> New York, upon the presentation and surrender hereof, the sum of <br /> <br />DOLLARS in any coin or currency of the United States of America which at the time of <br />payment is legal tender for the payment of public and private debts, as provided in <br />and for the semi-annual interest then due upon its School Building Bond, dated <br />December 1, 1971, numbered <br /> <br /> Clerk of Board of Commissioners <br /> <br /> Section 4. Said bonds shall be registrable as to principal alone in accordance <br /> <br />with the provisions for registration hereinabove in this resolution provided to be <br />endorsed upon said bonds, and the Clerk of Board of Commissioners is hereby designated <br />Bond Registrar for the registration and registration of transfer of said bonds, subject <br />to the right of the Board of Commissioners hereafter to designate another Bond <br />Registrar. No charge shall be made to any bondholder for the privilege of registration <br />and registration of transfer herein granted. <br /> <br /> Section 5. The action of the County Attorney in applying to the Local Government <br /> <br />Commission to approve, advertise and sell said bonds and the action of the Local <br />Government Commission to approve, advertise and sell said bonds and the action of the <br />Local Government Commission in asking for sealed bids for said bonds by publishing <br />a sale notice and printing and distributing circulars be and the same is hereby <br />ratified and confirmed. <br /> <br /> Section 6. There shall be printed on the reverse of each of the $365,000 School <br /> <br />Building Bonds to be issued under date of December 1, 1971, the legal opinion of <br />Mitchell, Petty & Shetterly, Bond Counsel to the County of Cabarrus, with respect <br />to the validity of said bonds, and there shall be printed immediately following such <br /> <br /> <br />