March 4, 2013 - Cabarrus County
March 4, 2013 - Cabarrus County
March 4, 2013 - Cabarrus County
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
mailed to such person at his address as it appears on the bond registration books of the <strong>County</strong>.<br />
Both the principal of and the interest on this Bond shall be paid in any coin or currency of the<br />
United States of America that is legal tender for the payment of public and private debts on the<br />
respective dates of payment thereof. For the prompt payment hereof, both principal and interest<br />
as the same shall become due, the faith and credit of the <strong>County</strong> are hereby irrevocably pledged.<br />
[Printed Bonds are to include the following paragraph]<br />
ADDITIONAL PROVISIONS OF THIS BOND ARE SET FORTH ON THE REVERSE<br />
HEREOF AND SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET<br />
FORTH HERE.<br />
[Reverse Side of Printed Bonds]<br />
This Bond is one of an issue of Bonds designated “General Obligation Refunding Bonds,<br />
Series <strong>2013</strong>” (the “Bonds”) and issued by the <strong>County</strong> for the purpose of providing funds, with<br />
any other funds necessary, for refunding a portion of the <strong>County</strong>’s outstanding (i) School Bonds,<br />
Series 2005, dated <strong>March</strong> 1, 2005 and (ii) Public Improvement Bonds, Series 2006, dated<br />
September 1, 2006. This Bond is issued under and pursuant to The Local Government Bond<br />
Act, as amended, Article 7, as amended, of Chapter 159 of the General Statutes of North<br />
Carolina, an order adopted by the Board of Commissioners (the “Board”) of the <strong>County</strong> which<br />
has taken effect as provided by law, and a resolution duly passed by the Board of the <strong>County</strong> (the<br />
“Resolution”).<br />
[The Bonds maturing prior to <strong>March</strong> 1, 20__ are not subject to redemption prior to<br />
maturity. The Bonds maturing on <strong>March</strong> 1, 20__ and thereafter may be redeemed, at the option<br />
of the <strong>County</strong>, from any moneys that may be made available for such purpose, either in whole or<br />
in part on any date not earlier than <strong>March</strong> 1, 20__, at a redemption price equal to 100% of the<br />
principal amount of the Bonds to be redeemed, together with interest accrued thereon to the date<br />
fixed for redemption, without premium.<br />
If less than all of the Bonds of any one maturity shall be called for redemption, the<br />
particular Bonds or portions of Bonds of such maturity to be redeemed shall be selected by lot in<br />
such manner as the <strong>County</strong> in its discretion may determine; provided, however, that the portion<br />
8<br />
Attachment number 2<br />
4-5<br />
Page 108