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527 <br /> <br />person at his address as it appears on the bond registration books of said <br />District. Both the principal of and the interest on this bond shall be paid in <br />any coin or currency of the United States of America that is legal tender for <br />the payment of public and private debts on the respective dates of payment <br />thereof. For the prompt payment hereof, both principal and interest as the <br />same shall become due, the full faith and credit of said Water and Sewer <br />District of Cabarrus County, are hereby irrevocably pledged. <br /> <br /> ADDITIONAL PROVISIONS OF THIS BOND ARE SET FORTH ON THE REVERSE HEREOF <br />AND SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH HERE. <br /> <br /> This bond shall not be valid or become obligatory for any purpose or be <br />entitled to any benefit or security under the resolution mentioned hereinafter <br />until this bond shall have been authenticated by the execution by the Bond <br />Registrar of the certificate of authentication endorsed hereon. <br /> <br /> IN WITNESS WHEREOF, the Water and Sewer District of Cabarrus County, in <br />Cabarrus County, North Carolina, by resolution of the Board of Commissioners <br />for Cabarrus County, North Carolina, as the governing body of said District, <br />has caused this bond to bear the facsimile signatures of the Chairman of and <br />the Clerk to said Board of Commissioners and a facsimile of the corporate seal <br />of said District to be imprinted hereon, all as of the 1st day of June, 1986. <br /> <br /> [Facsimile signature] <br />Chairman of the Board <br /> of Commissioners <br /> <br />[Facsimile signature] <br /> Clerk to the Board <br /> of Commissioners <br /> <br />CERTIFICATE OF LOCAL GOVERNMENT COMMISSION <br /> <br /> The issuance of the within bond has been approved under the provisions of <br />The Local Government Bond Act of North Carolina. <br /> <br /> JOHN D. FOUST <br />Secretary, Local Government Commission <br /> <br />[Facsimile signature] <br /> <br />CERTIFICATE OF AUTHENTICATION <br /> <br /> This bond is one of the bonds of the series designated herein and issued <br />under the provisions of the within-mentioned Resolution. <br /> <br />FIRST UNION NATIONAL BANK <br /> as Bond Registrar <br /> <br />By <br /> <br />[Manual signature] <br />Authorized Signatory <br /> <br />Date of authentication: <br /> <br />[Reverse Side of Bond] <br />United States of America <br /> State of North Carolina <br /> County of Cabarrus <br /> <br />WATER AND SEWER DISTRICT <br />OF CABARRUS COUNTY <br /> <br />Water Bond <br /> <br /> This bond is one of an issue of bonds designated "Water Bonds" (the <br />"bonds") and issued by said District for the purpose of providing funds, with <br />any other available funds, for constructing a portion of a water system for <br />said District and this bond is issued under and pursuant to Article 6, as <br /> <br /> <br />