BC 1979 02 12 - Laserfiche WebLink

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291 The issuance of the within bond has been approved under the provisions of The Local Government Bond Act of North Carolina. John D. Foust Secretary, Local Government Commission By (Manual signature) PROVISIONS FOR REGISTRATION This bond may be registered as to principal only in the Bond Register of the County of Cabarrus by the Clerk of the Board of Commissioners for said County as Bond Registrar, at her office in the City of Concord, North Carolina, or by such other Bond Registrar or at such other place as may be legally desig- nated by the governing body of said County, upon presentation hereof to the Bond Registrar who shall make notation of such registration in the regis- tration blank below, and the transfer of this bond may thereafter be regis- tered only upon a duly executed assignment of the registered owner or his attorney or legal representative, in such form as shall be satisfactory to the Bond Registrar, such registration of transfer to be made on such bond Register and endorsed hereon by the Bond Registrar. Such registration of transfer may be to bearer and thereby transferability by delivery shall be restored, but this bond shall again be subject to successive registrations and registrations of transfer as before. The principal of this bond, if registered, unless registered to bearer, shall be payable only to or upon the order of the registered owner or his legal representative. Notwith- standing the registration of this bond as to principal only, the coupons shall remain payable to bearer and shall continue to be transferable by delivery. Date of Registration Name of Registered Owner Signature of Bond Registrar (Form of coupons) On .................... 1, 19.., the County of Cabarrus, North Carolina, will pay to bearer at First Union National Bank of North Carolina, in the City of Charlotte, North Carolina, or, at the option of the holder or registered owner, at The Chase Manhattan Bank (National Association), in the Borough of Manhattan, City and State of New York, upon the presentation and surrender hereof, the sum of .................... Dollars in any coin or currency of the United States of American which at the time of payment is legal tender for the payment of public and private debts, as provided in and for the semi-annual interest then due upon its School Bo~d, Series A, dated April 1, 1979, numbered ..................... (Facsimile signature) Clerk of the Board of Commissioners Section 4. Said bonds shall be registrable as to principal only in accordance with the provisions for registration hereinabove in this resolution provided to be endorsed upon said bonds, and the Clerk of the Board of Com- missioners for said County is hereby appointed Bond Registrar for the regis- tration and registration of' transfer of said bonds, subject to the right of the governing body of the County of Cabarrus hereafter to appoint another Bond Registrar. No charge shall be made to any bondholder for the privilege of registration and registration of transfer herein granted, Section 5. The actions of the County Manager and the Finance .Officer of said County in applying to the Local Government Commission of North Carolina to advertise and sell said bonds are hereby ratified and confirmed and the Local Government Commission of North Carolina is hereby requested to ask for sealed bids for said bonds by publishing notices and printing and distributing an official statement relating to the sale of said bonds. Such official statement substantially in the form of the draft of such official statement, dated February 12, 1979, presented at this meeting is hereby approved and the Chairman of the Board of Commissioners for said County, said County Manager and said Finance Officer are each hereby authorized to approve changes in such official statement which are not material and to execute such official statement for and on behalf of said County.