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530
<br />
<br />2002 137,000 2021 193,000
<br />2003 147,000 2022 194,000
<br />2004 158,000 2023 194,000
<br />2005 171,000 2024 194,000
<br />2006 184,000 2025 194,000
<br />2007 193,000
<br />
<br /> Said Water Bond, Series B shall be stated to mature in annual install-
<br />ments on the 1st day of June in the following years and in the following
<br />amounts, respectively
<br />
<br />Year of Principal Year of Principal
<br />Maturity Amount Maturity Amount
<br />
<br />1989 $16,000 2008 $58,000
<br />1990 17,000 2009 60,000
<br />1991 18,000 2010 60,000
<br />1992 19,000 2011 60,000
<br />1993 21,000 2012 60,000
<br />1994 22,000 2013 60,000
<br />1995 24,000 2014 60,000
<br />1996 26,000 2015 60,000
<br />1997 28,000 2016 60,000
<br />1998 30,000 2017 60,000
<br />1999 32,000 2018 60,000
<br />2000 35,000 2019 60,000
<br />2001 37,000 2020 60,000
<br />2002 40,000 2021 60,000
<br />2003 43,000 2022 60,000
<br />2004 47,000 2023 60,000
<br />2005 50,000 2024 61,000
<br />2006 54,000 2025 61,000
<br />2007 58,000
<br />
<br /> Each of such bonds shall bear interest on the unpaid part of the principal
<br />thereof at the rate of 7.625% per annum until payment thereof.
<br />
<br /> Such bonds will not be defeased without the written consent of the FmHA
<br />during such time as the FmHA shall remain the registered owner of such bonds.
<br />
<br /> Such bonds and the endorsements thereon shall be in substantially the
<br />following forms:
<br />
<br />No. R-...1
<br />
<br /> REGISTERED BOND WITHOUT COUPONS
<br />(Registered as to both principal and interest)
<br />
<br />United States of America
<br /> State of North Carolina
<br /> County of Cabarrus
<br />
<br />WATER AND SEWER DISTRICT OF
<br /> CABARRUS COUNTY
<br />
<br />Water Bond~ Series ...
<br />
<br /> The Water and Sewer District of Cabarru$ County, a body politic and
<br />corporate in Cabarrus County, North Carolina, is justly indebted and for value
<br />received hereby promises to pay to the
<br />
<br /> UNITED STATES OF AMERICA
<br />FARMERS HOME ADMINISTRATION
<br />
<br />or registered assigns or legal representative the principal sum of
<br />
<br />
<br />
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