410

384

coupon bond and of or on account of the principal of and the interest on any temporary bond without coupons shall be made only to or upon the order of the registered owner thereof or his legal representative, but such registration may be changed as hereinabove provided. All such payments shall be valid and effectual to satisfy and discharge the liability upon such bond to the extent of the sum or sums so paid. The Board and the Paying Agents may deem and treat the bearer of any definitive coupon bond which shall not at the time be registered as to principal, and the bearer of any coupon appertaining to any definitive coupon bond whether such bond shall be registered as to principal or not, as the absolute owner of such bond or coupon, as the case may be, whether such bond or coupon shall be overdue or not, for the purpose of deceiving payment thereof and for all other purposes whatsoever, and the Board and the Paying Agents shall not be affected by any notice to the contrary.

Section 207. The construction of the Project is hereby authorized and, for the combined purpose of refunding the outstanding 1956 bonds and the outstanding 1960 bonds and, with other available funds, paying the cost of the Project, there shall be issued, under and pursuant to the Constitution and laws of the State of North Carolina, including Sections 116-187 to 116-198, inclusive, of the General Statutes of North Carolina, revenue bonds of the Board in the aggregate principal amount of Seven Million Twenty-nine Thousand Dollars ($7,029,000), dated November 1, 1963 and designated "The University of North Carolina at Chapel Hill Dormitory System Revenue Bonds of 1963" (herein sometimes called the "1963 bonds"), said bonds to be issued in Series as follows:

$1,647,000 Series A bonds (herein sometimes called the "1963 Series A bonds"), maturing on the 1st day of November in the years and amounts and numbered as follows:

Year of
Maturity
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994

Principal
Amount
$ 35, 000
36,000
37,000
38,000
39,000
40,000
41,000
42,000
43,000
44, 000
46,000
47,000
48,000
49,000
51,000
52,000
54,000
55, 000
57,000
58, 000
60,000
62,000
63,000
65, 000
67,000
69,000
71,000
73, 000
76,000
77,000
52,000

Numbers
(all inclusive)

1,
1,
1,
1,
1,
1,
1,
1,
1,

1 -A to
35 -A
36 -A to
71 -A
72 -A to
108 -A
146 -A
109 -A to
147 -A to
185 -A
186 -A to
225 -A
226 -A to
266 -A
267 -A to
308 -A
351 -A
309 -A to
352 -A to
395 -A
396 -A to
441 -A
442 -A to
488 -A
536 -A
489 -A to
537 -A to
585 -A
586 -A to
636 -A
637--A to
688 -A
742--A
689 -A to
743--A to
797--A
798--A to
854--A
855--A to
912- A
913--A to
972--A
973--A to 1,034--A
035--A to 1,097--A
098--A to 1,162--A
163--A to 1,229--A
230--A to 1,298--A
299--A to 1,369--A
370--A to 1,442--A
443--A to 1,518- A
519--A to 1,595- A
596- A to 1,647- A