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379 <br /> <br />in each year, at the rate per annum specified above, until payment of such <br />principal sum. The interest so payable on any such interest payment date <br />will be paid to the person in whose name this bond (or the previous bond or <br />bonds evidencing the same debt as that evidenced by this bond) is registered <br />at the close of business on the record date for such interest, which shall be <br />the 15th day (whether or not a business day) of the calendar month next <br />preceding such interest payment date, by check mailed to such person at his <br />address as it appears on the bond registration books of the Issuer. Both the <br />principal of and the interest on this bond shall be paid in any coin or <br />currency of the United States of America that is legal tender for the payment <br />of public and private debts on the respective dates of payment thereof. For <br />the prompt payment hereof, both principal and interest as the same shall <br />become due, the faith and credit of the Issuer are hereby irrevocable 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 Issuer, by resolution of its governing body, has <br />caused this bond to bear the facsimile signatures of the Chairman of its <br />governing body and the Clerk to its governing body and a facsimile of its <br />corporate seal to be imprinted hereon, all as of the __ day of .... , <br /> <br />(Facsimile signature) <br /> Chairman <br /> <br />(Facsimile signature) <br /> Clerk <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 />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 />Date of authentication: <br /> <br />By <br /> <br />as Bond Registrar <br />(Manual signature) <br />Authorized Signatory <br /> <br /> (Reverse Side of Bond) <br /> United States of America <br /> State of North Carolina <br /> ( DISTRICT) <br />( DISTRICT OF COUNTY) <br /> <br />Refunding Bond <br /> <br /> This bond is one of an issue of bonds designated "Refunding Bonds" (the <br />"bonds") and issued by the Issuer for the purpose of providing funds, with <br />other available funds, for paying the cost of refunding, including related <br />issuance expenses, certain outstanding bonds of the Issuer, and this bond is <br />issued under and pursuant to The Local Government Bond Act, as amended, <br />Article 7, as amended, of Chapter 159 of the General statutes of North <br />Carolina, an order which has taken effect and a resolution duly passed by the <br />governing body of the Issuer (the "Resolution"). <br /> <br /> <br />