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266 <br /> <br />City and State of New York, in any coin or currency of the United States of <br />America which, at the respective dates of payment thereof, is legal tender <br />for the payment of public and private debts. <br /> <br /> Section 3. Said bonds shall be executed with the facsimile signatures <br /> <br />of the Chairman and the Clerk of the Board of Commissioners and a facsimile <br />of the corporate seal of said County shall be imprinted on the bonds, and the <br />imterest coupons to be attached to said bonds shall be executed with the <br />facsimile signature of said Clerk. Said bonds and coupons and the endorse- <br />ments to be printed upon the reverse of said bonds shall be in substantially <br />the following forms: <br /> <br />No. $5,000 <br /> <br /> United States of America <br /> State of North Carolina <br /> <br /> COUNTY OF CABARRUS <br /> <br /> Public Building Bond <br /> <br /> The County of Cabarrus, North Carolina, is justly indebted and for value <br /> received hereby promises to pay to the bearer or, if this bond be registered, <br /> to the registered owner hereof, on the 1st day of May, 19___, the principal <br /> sum of <br /> <br /> FIVE THOUSAND DOLLARS <br /> <br /> and to pay interest thereon from the date hereof at the rate of <br /> <br /> per centum ( %) per annum until payment of such principal <br /> <br /> sum, such interest to the maturity hereof being payable semi-annually on the <br /> 1st days of May and November in each year upon the presentation and surrender <br /> of the coupons representing such interest as the same respectively become due. <br /> Both the principal of ahd the interest on this bond are payable at First Union <br /> National Bank of North Carolina, in the City of Charlotte, North Carolina, or, <br /> at the option of the holder or registered owner, at The Chase Manhattan Bank <br /> (National Association), in the Borough of Manhattan, City and State of New <br /> York, in any coin or currency of the United States of America which, at the <br /> respective dates of payment thereof, is legal tender for the payment of public <br /> and private debts. For the prompt payment hereof, both principal and interest <br /> as the same shall become due, the full faith and credit of said County of <br /> Cabarrus are hereby irrevocably pledged. <br /> <br /> This bond is one of a series of bonds issued by said County for the purpose <br /> of providing funds, with any other available funds, for constructing an office <br /> building to provide new offices and additional facilities for the administration <br /> of the government of said County, and this bond is issued pursuant to and in <br /> <br /> <br />