BC 1973 08 06 - Laserfiche WebLink

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estimated as a period of thirty years from June 1, 1973, being the date of the bonds authorized by said order as hereinbelow in this resolution provided, and that such period expires on June 1, 2003. Section 2. For the purpose of constructing and equip- ping a new County courthouse pursuant to said order, there shall be issued the negotiable coupon bonds of the County of Cabarrus in the aggregate principal amount of $1,500,000, designated mCounty Courthouse Bondsm, dated June 1, 1973, and consisting of 300 bonds of the denomination of $5,000 each, numbered 1 to 300, inclusive. Said bonds shall mature annually, June 1, in numerical order, lowest numbers first, $50,000 1975 to 1985, inclusive, $?5,000 1986 and 1987, $100,000 1988,. $125,000 1989 to 1993, in- elusive, and $?5,000' 1994, without option of prior payment, shall bear interest from their date at a rate or rates to be determined by the Local Government Commission of North Carolina at the time the bonds are sold, which interest to the maturity thereof shall be payable semi-annually on the 1st days of June and December of each year, and both the principal of and the interest on said bonds shall be payable at The Chase Manhattan Bank (National Association), in the Borough of Manhattan, City and State of New York, in any coin or currency of the United States of America which, .at the respective dates of payment thereof, is legal tender for the payment of public and private debts. Section 3. Said bonds shall be executed with the fac- simile signatures of the Chairman of the Board of Commissioners and the Clerk of said Board, and a facsimile of the corporate seal of said County shall be imprinted on the bonds, and the in- terest coupons to be attached to said bonds shall be executed with the facsimile signature of said Clerk. Said bonds and cou- pons and the endorsements to be printed upon the reverse of said bonds shall be in substantially the following forms~ --2-- MITOHEL~., I)l:l'rY · IIHETTliNLY, SeT)I FLOOR. l0 BROAD ·TREAT, NZW YORK, N. Y.