308

290

delivered to the United States of America, in lieu of definitive coupon bonds, a single non-negotiable temporary bond without coupons in the denomination of One Million Five Hundred and Thirty Eight Thousand Dollars ($1,538,000), numbered T-1.

Section 6. All steps necessary to carry this resolution into effect shall be taken by the proper officers and agents of the Board of Trustees of The University of North Carolina.

Section 7. Said temporary bond shall be substantially in the following form:

$1,538,000
No. T-1

TEMPORARY BOND WITHOUT COUPONS
(Registered as to both principal and interest)

Exchangeable for definitive coupon bonds

United States of America
State of North Carolina

BOARD OF TRUSTEES OF THE UNIVERSITY OF NORTH CAROLINA

THE UNIVERSITY OF NORTH CAROLINA AT GREENSBORO DORMITORY SYSTEM REVENUE BOND OF 1962, SERIES A AND B

The Board of Trustees of The University of North Carolina, a body politic and corporate under the name of the "University of North Carolina" (herein sometimes called the "Board"), for value received, hereby promises to pay, solely from the special fund
provided therefor as hereinafter set forth, to the UNITED STATES OF AMERICA, HOUSING AND HOME FINANCE ADMINISTRATOR, or his successor (herein called the "Payee"), or his registered assigns (herein sometimes called the "Alternate Payee"), the principal sum of
ONE MILLION FIVE HUNDRED AND THIRTY EIGHT THOUSAND DOLLARS
in annual installments on the 1st day of July in the following years and in the following amounts, corresponding to the definitive coupon bonds hereinafter mentioned numbered as follows:

The University of North Carolina at Greensboro Dormitory System Revenue Bonds of 1962, Series A