277

Year of
Maturity

Principal
Amount

Year of
Maturity

Principal
Amount

1978
1979
1980
1981
1982
1983

$ 37,000
38, 000
39,000
41,000
42,000
44, 000

1997
1998
1999
2000
2001
2002

$ 71,000
73, 000
75, 000
77,000
78, 000
79,000

Denomination $1, 000; coupon bonds registrable as to principal alone; principal of the bonds and semi-annual interest (January 1 and July l) payable at the Wachovia Bank and Trust Company, in the City of Raleigh, North Carolina, or at the principal office of First National City Bank, in the Borough of Manhattan, City and State of New York, at the option of the holder or registered owner. 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. At the option of the purchasers, a single non-negotiable temporary bond in the amount of each purchase and registered as to principal and interest will be issued, exchangeable within 90 days after notice for definitive negotiable coupon bonds in the denomination of $1,000.

The bonds are part of an issue of $2,625,000 bonds of the Board, authorized by a resolution adopted by the Board on May 28, 1962, as amended by a resolution adopted by the Board on February 25, 1963 and by a resolution adopted by the Executive Committee of the Board on July 8, 1963, consisting of $825,000 The University of North Carolina at Greensboro Dormitory System Revenue Bonds of 1962, Series A, bearing interest at the rate of two and seven-eighths per centum (2 7/8%) per annum and maturing serially on July 1 in the years 1964 through 1996, 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 Woman's College of the University of North Carolina Dormitory System Revenue Bond of 1958, No. T-1, now 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: