March 4, 2013 - Cabarrus County

the best interests of the County in connection with the issuance of the Bonds to engage a
qualified verification agent to render the customary services of an escrow verification agent in
connection with the refunding of the Bonds To Be Refunded.
Section 11. There may be printed on the reverse of each of any printed Bonds the legal
opinion of Nexsen Pruet, LLC, bond counsel to the County, with respect to the validity of the
Bonds, and there may be printed immediately following such legal opinion a certificate bearing
the manual or facsimile signature of the Chairman or Vice-Chairman of the Board of the County,
said certificate to be in substantially the following form:
“I HEREBY CERTIFY that the foregoing is a true and correct copy of the
legal opinion on the bonds therein described which was manually signed by
Nexsen Pruet, LLC, Charlotte, North Carolina, and was dated as of the date of
delivery of and payment for said bonds.
[Manual or Facsimile Signature]
Chairman/Vice-Chairman of the
County of Cabarrus, North Carolina”
Section 12. The County covenants that, to the extent permitted by the Constitution and
laws of the State of North Carolina, it will do and perform all acts and things to comply with the
requirements of the Internal Revenue Code of 1986, as amended (the “Code”), and any related
regulations and procedures in order to assure that interest paid on the Bonds will not be
includable in the gross income of the owners thereof for purposes of federal income taxation,
except to the extent that the County obtains an opinion of bond counsel to the effect that
noncompliance would not result in interest on the Bonds being includable in the gross income of
the owners of the Bonds for purposes of federal income taxation.
As necessary or appropriate in connection with the issuance of the Bonds, all officers,
employees and agents of the County are authorized and directed to provide certifications of
material facts and estimates as to the reasonable expectations of the County as of the date(s) the
Bonds are delivered and on behalf of the County to sign agreements or acknowledge instructions
regarding compliance with the requirements of the Code and any related regulations and
procedures relating to the Bonds.
Section 13. There are hereby created, as may be needed, appropriate funds and accounts
of the County for the receipt and expenditure of the proceeds of the Bonds, and appropriate debt
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Attachment number 2
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