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159 <br /> <br />both the principal of and the interest on said notes <br />shall be payable in any coin or currency of the United <br />States of America, which at the time of payment, is <br />legal tender for the payment of public and private debts. <br /> <br /> Section 3. Said notes shall be signed by the Chair- <br />man of the Board of Commissioners for said County and the <br />Clerk of.. said Board and the corporate seal of said County <br />shall be affixed to said notes. The form of said notes <br />and the endorsements to be placed upon the reverse thereof <br />shall be substantially as follows: <br /> <br />No. $ <br /> <br />'United States of America <br /> Stat'e of North Carolina <br /> <br />COUNTY OF CABARRUS <br /> <br />Public Building Bond Anticipation Notes <br /> <br /> The County of Cabarrus, in the State of North Carolina, <br />is justly indebted and for Value received herby promises to <br />pay to the bearer on the 29th day of November 1978, the prin- <br />cipal'sum of <br /> <br />THOUSAND DOLLARS <br /> <br /> and to pay interest thereon from the date hereof at the <br /> rate of. per centum ( %) per annum, payable <br /> upon the presentation and surrender of this note at its <br /> maturity. Both the principal of and the interest on this <br /> note are payable at , <br /> in , , in any coin or <br /> currency of the United States of America which, at the time <br /> of payment, is legal tender for the payment of public and <br /> private debts. For the prompt payment hereof, both princi- <br /> pal and interest as the .same become due, the full faith and <br /> credit .of said County of cabarrus are hereby irrevocably <br /> 'pledged. <br /> This note is given for.money borrowed in the amount of <br /> the face of this note in anticipation of the receipt of the <br /> proceeds of the sale of a like amount of Public Building <br /> Bonds duly authorized by an order adopted by the Board of <br /> Commissioners for said County on April 17, 1978, which <br /> order has taken effect, and this.note is issued pursuant to <br /> and in full compliance with The LOcal Government Bond Act, <br />.as .amended, Article 9, as .amended, of Chapter 159 of the <br /> General. Statutes of North Carolina., and a resolution duly <br /> 'passed by. the'Board of.Commissioners for said County. <br /> It.is hereby certified and recited that all acts, <br /> conditions and things required by the Constitution and <br /> laws of North. Carolina'tO happen, exist and be performed <br /> preCedent.to and in the issuance of this note have hap- <br /> pended, exist and have been Performed in regul~ar and due <br /> form and time'as so required, and that.the' total indebted- <br /> ness of said County, i~cluding this nOte and all Other <br /> indebtedness heretofore.incurred in the. fiscal year in <br /> which this note is issued, does not exceed any constitu- <br /> tional or statutory'limitation' thereon. <br /> IN WITNESS WHEREOF, .said County of Cabarrus, by <br /> resolution of its. Board of C0mmissioners,'has caused this <br /> note to be.signed by the Chairman of said Board and the <br /> Clerk of said Board. and the.corporate seal of said County <br /> to be affixed hereto, all as of the 27th day of June, 1978. <br /> <br />CHAIRMAN <br /> <br /> CLERK <br />(To be endorsed upon reverse of notes) <br /> <br /> <br />