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24 <br /> <br /> At the office of the Bond Registrar, in the manner and subject to <br />the conditions provided in the Resolution, Bonds may be exchanged for an <br />equal aggregate principal amount of Bonds of the same maturity, of <br />authorized denominations and bearing interest at the same rate. <br /> The Bond Registrar shall keep at its office the books of said <br />County for the registration of transfer of Bonds. The transfer of this bond <br />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 <br />Registrar. Upon any such registration of transfer, the Bond Registrar <br />shall deliver in exchange for this bond a new Bond or Bonds, registered in <br />the name of the transferee, of authorized denominations, in an aggregate <br />principal amount equal to the unredeemed principal amount of this bond, of <br />the same maturity and bearing interest at the same rate. <br /> The Bond Registrar shall not be zequired to exchange or register <br />the transfer of any Bond during a period beginning at the opening of <br />business fifteen (15) days before the day of the mailing of a notice of <br />redemption of Bonds or any portion thereof and ending at the close of <br />business on the day of such mailing or of any Bond called for redemption in <br />whole or in part pursuant to the Resolution. <br /> It is hereby certified and recited that all acts, conditions and <br />things required by the Constitution and laws of North Carolina to happen, <br />exist and be performed precedent to and in the issuance of this bond have <br />happened, exist and have been performed in regular and due form and time as <br />so required; that provision has been made for the levy and collection of a <br />direct annual tax upon all taxable property within said County sufficient <br />to pay the principal of and the interest on this bond as the same shall <br />become due; and that the total indebtedness of said County, including this <br />bond, does not exceed any constitutional or statutory limitation thereon. <br /> This bond shall not be valid or become obligatory for any purpose <br />or be entitled to any benefit or security under the Resolution until this <br />bond shall have been authenticated by the execution by the Bond Registrar <br />of the certificate of authentication endorsed hereon. <br /> IN WITNESS WHEREOF, said County of Cabarrus, by resolution duly <br />passed by its Board of Commissioners, has caused this bond [to be manually <br />signed by] [to bear the facsimile signatures of] the Chairman of said Board <br />and the Clerk to said Board and [a facsimile of] its corporate seal to be <br />[imprinted] [impressed] hereon, all as of the 1st day of March 1989. <br /> <br /> Chairman to the <br />Board of Commissioners <br /> <br /> Clerk to the <br />Board of Commissioners <br /> <br /> CERTIFICATE OF LOCAL GOVERNMENT COMMISSION <br /> <br /> The issuance of the within bond has been approved under the <br />provisions of The Local Government Bond Act of North Carolina. <br /> <br />Secretary, Local Government Commission <br /> <br />CERTIFICATE OF AUTHENTICATION <br /> <br /> This bond is one of the Bonds of the series designated herein and <br />issued under the provisions of the within-mentioned Resolution. <br /> <br />Finance Officer of the County of <br /> Gabarrus, North Carolina, <br /> as Bond Registrar <br /> <br />By <br /> <br />Authorized Signatory <br /> <br /> <br />