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380 <br /> <br />(redemption provisions (dates, premiums, etc.) to be inserted) <br /> <br /> If less than all of the bonds of any one maturity shall be called for <br />redemption, the particular bonds or portions of bonds of such maturity to be <br />redeemed shall be selected by lot by the Issuer in such manner as the Issuer <br />in its discretion may determine; provided, however, that the portion of any <br />bond to be redeemed shall be in the principal amount of $ or some <br />multiple thereof and that, in selecting bonds for redemption, the Bond Regis- <br />trar shall treat each bond as representing that number of bonds which is <br />obtained by dividing the principal amount of such bond by $ If less <br />than all of the bonds stated to mature on different dates shall be called for <br />redemption, the particular bonds or portions thereof to be redeemed shall be <br />called in the inverse order of their maturities. <br /> <br /> Not more than sixty (60) nor less than thirty (30) days before the <br />redemption date of any bonds to be redeemed, whether such redemption be in <br />whole or in part, the Issuer shall cause a notice of such redemption to be <br />filed with the Bond Registrar and mailed, postage prepaid, to the registered <br />owner of each bond to be redeemed in whole or in part at his address appearing <br />upon the registration books of the Issuer. On the date fixed for redemption, <br />notice having been given as aforesaid, the bonds or portions thereof so called <br />for redemption shall be due and payable at the redemption price provided for <br />the redemption of such bonds or portions thereof on such date and, if moneys <br />for payment of such redemption price and the accrued interest are held by the <br />Bond Registrar as provided in the Resolution, interest on the bonds or the <br />portions thereof so called for redemption shall cease to accrue. If a portion <br />of this bond shall be called for redemption, a new bond or bonds in principal <br />amount equal to the unredeemed portion hereof will be issued to the registered <br />owner hereof or his legal representative upon the surrender hereof. <br /> <br /> The bonds are issuable in fully registered form in the denomination of <br /> or any integral multiple thereof. At the corporate trust office of <br />the Bond Registrar, in the manner and subject to the conditions provided in <br />the Resolution, bonds may be exchanged for an equal aggregate principal amount <br />of bonds of the same maturity, of authorized denominations and bearing <br />interest at the same rate. <br /> <br /> The Bond Registrar shall keep at its corporate trust office the books of <br />the Issuer for the registration of transfer of bonds. The transfer of this <br />bond may be registered only upon such books and as otherwise provided in the <br />Resolution upon the surrender hereof to the Bond Registrar together with an <br />assignment duly executed by the registered owner hereof or his attorney or <br />legal representative in such form as shall be satisfactory to the Bond Regis- <br />trar. Upon any such registration of transfer, the Bond Registrar shall <br />deliver in exchange for this bond a new bond or bonds, registered in the name <br />of the transferee, of authorized denominations, in an aggregate principal <br />amount equal to the unredeemed principal amount of this bond, of the same <br />maturity and bearing interest at the same rate. <br /> <br /> The Bond Registrar shall not be required to exchange or register any <br />transfer of (i) any bond during a period beginning at the opening of business <br />fifteen (15) days before the day of the mailing of a notice of redemption of <br />bonds or any portion thereof and ending at the close of business on the day of <br />such mailing or (ii) any bond called for redemption in whole or in part <br />pursuant to the 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 required; <br />that provision has been made for the levy and collection of a direct annual <br />tax upon all taxable property within the Issuer sufficient to pay the principal <br />of and the interest on this bond as the same shall become due; and that the <br />total indebtedness of the Issuer, including this bond, does not exceed any <br />constitutional or statutory limitation thereon. <br /> <br />ASSIGNMENT <br /> <br /> FOR VALUE RECEIVED the undersigned registered owner thereof hereby sells, <br />assigns and transfers unto <br /> <br /> <br />