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257

NOTICE OF SALE
$1,800,000
THE UNIVERSITY OF NORTH CAROLINA AT GREENSBORO DORMITORY SYSTEM REVENUE BONDS OF 1963, SERIES B
of the
BOARD OF TRUSTEES OF THE UNIVERSITY OF NORTH CAROLINA

Sealed bids will be received by the Board of Trustees of The University of North Carolina, acting by its Executive Committee, at the Governor's Office, State Capitol Building, Raleigh, North Carolina, until 10:30 o'clock A. M. , Eastern Standard Time,
September 9, 1963,
for the purchase at not less than par of all or any of the hereinafter designated blocks of $1,800,000 The University of North Carolina at Greensboro Dormitory System Revenue Bonds of 1962, Series B, of the Board of Trustees of The University of North Carolina.

The bonds will be dated July 1, 1962, will mature serially July 1, 1965 through 2002 and will bear interest at such rate or rates, not exceeding five per centum (5%) per annum and averaging not greater than the maximum acceptable rate of three and one-half per centum (3 1/2%) per annum, as are specified in the successful bid. Interest is payable semi-annually on the 1st days of January and July in each year. The maturity and redemption schedules are set forth in the Official Notice of Sale.

The bonds are part of an issue of $2,625,000 bonds of the Board, consisting of $825,000 The University of North Carolina at Greensboro Dormitory System Revenue Bonds of 1962, Series A, and $1,800,000 The University of North Carolina at Greensboro Dormitory System Revenue Bonds of 1962, Series B, issued for the combined purpose of refunding after July 1, 1963 Woman's College of the University of North Carolina Dormitory System Revenue Bond of 1958, No. T-1, then outstanding in the principal amount of $825,000, and, with other available funds, paying the cost of a new dormitory, with necessary appurtenant facilities, to house approximately 640 women students and including four apartments, at The University of North Carolina at Greensboro (prior to July 1, 1963 known and designated as the Woman's College of the University of North Carolina).

The bonds of said issue of $2,625,000 will be special obligations of the Board of Trustees of The University of North Carolina, secured by:

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