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377 <br /> <br /> Not more than sixty (60) nor less than thirty (30) days before the <br />redemption date of any installments of principal to be redeemed, whether such <br />redemption be in whole or in part, the Issuer shall cause a notice of such <br />redemption to be filed with the Bond Registrar and mailed, postage prepaid, to <br />the registered owner of this bond at his address appearing upon the registra- <br />tion books of the Issuer. <br /> <br /> On the date designated for redemption, notice having been given and <br />moneys for payment of the redemption price being held in trust for such <br />purpose, all as provided in said resolution, this bond or part hereof shall <br />become and be due and payable, and the interest on this bond or part hereof so <br />redeemed shall cease to accrue. <br /> <br /> The Bond Registrar shall not be required to exchange or register any <br />transfer of (i) this bond during a period beginning at the opening of business <br />fifteen (15) days before the date of the mailing of a notice of redemption of <br />this bond or any portion hereof and ending at the close of business on the day <br />of such mailing or (ii) this bond if it is called for redemption in whole or <br />in part pursuant to said resolution. <br /> <br /> It is hereby certified and recited that all acts, conditions, and things <br />required by the Constitution and laws of North Carolina to happen, exist, and <br />be performed precedent to and in the issuance of this bond have happened, <br />exist, and have been performed in regular and due form and time as so re- <br />quired; that provision has been made for the levy and collection of a direct <br />annual tax upon all taxable property within the Issuer sufficient to pay the <br />principal of and the interest on this bond as the same shall become due; and <br />that the total indebtedness of the Issuer including this bond, does not exceed <br />any constitutional or statutory limitation thereon. <br /> <br /> IN WITNESS WHEREOF, the Issuer, by resolution of its governing body, has <br />caused this bond to be executed by the typewritten signatures of the Chairman <br />of its governing body and the Clerk to its governing body, all as of the __ <br />day of June, 1988. <br /> Typewritten signature <br /> Chairman <br /> <br />Typewritten signature <br /> Clerk <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 />By <br /> <br />[Manual signatureI <br /> <br />CERTIFICATE OF AUTHENTICATION <br /> <br /> This bond is issued under the provisions of the within-mentioned <br />Resolution. <br /> <br />Date of authentication: <br /> <br />By <br /> <br />as Bond Registrar <br />(Typewritten signature) <br />Authorized Signatory <br /> <br />ASSIGNMENT <br /> <br /> FOR VALUE RECEIVED the undersigned registered owner thereof hereby sells, <br />assigns and transfers unto <br /> <br />the within bond and all rights thereunder and hereby irrevocably constitutes <br />and appoints <br /> attorney <br /> <br /> <br />