413

387

forms:
No. ____
$1,000

United States of America
State of North Carolina

BOARD OF TRUSTEES OF THE UNIVERSITY OF NORTH CAROLINA

The University of North Carolina at Chapel Hill Dormitory System Revenue Bond of 1963, Series....

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 bearer or, if this bond be registered, to the registered owner hereof, on the 1st day of November, upon the presentation and surrender hereof, the principal sum of

ONE THOUSAND DOLLARS

and to pay, solely from said special fund, interest thereon from the date hereof at the rate of.................................................... per centum (.....................%) per annum until payment of such principal sum, such interest to the maturity hereof being payable semi-annually on the 1st days of May and November in each year upon the presentation and surrender of the attached coupons representing such interest as the same respectively become due. Both the principal of and the interest on this bond are payable in any coin or currency which on the respective dates of payment thereof is legal tender for the payment of debts due the United States of America. The principal of this bond and the interest hereon are payable at the Wachovia Bank and Trust Company, in the City of Raleigh, North Carolina, or, at the option of the holder or registered owner, at First National City Bank, in the Borough of Manhattan, City and State of New York.

This bond shall not be deemed to constitute a debt of the State of North Carolina or a pledge of the faith and credit of the State, but shall be payable as to both principal and interest solely from the special fund provided therefor as hereinafter set forth.

This bond is one of a duly authorized issue of bonds of the Board, all of like date, aggregating Seven Million Twenty-nine Thousand Dollars ($7,029,000) and designated "The University of North Carolina at Chapel Hill Dormitory System Revenue Bonds of 1963" (hereinafter called the "1963 bonds") and issued in series as follows:

$1,647,000 Series A bonds (hereinafter called the "1963 Series A bonds"), numbered 1-A to 1,647-A, inclusive, and maturing in annual instalments in the years 1964 to 1994, inclusive;

$305,000 Series B bonds (hereinafter called the "1963 Series B bonds"), numbered 1-B to 305-B, inclusive, and maturing in annual instalments in the years 1964 to 1970, inclusive;

$533,000 Series C bonds (hereinafter called the "1963 Series C bonds"), numbered 1-C to 533-C, inclusive, and maturing in annual instalments in the years 1971 to 1979, inclusive;

$1,000,000 Series D bonds (hereinafter called the "1963 Series D Bonds"), numbered 1-D to 1, 000-D, inclusive, and maturing in annual instalments in the years 1980 to 1991, inclusive;

$1,000,000 Series E bonds, (hereinafter called the "1963 Series E bonds"), numbered 1-E to 1,000-E, inclusive, and maturing in annual instalments in the years 1992 to 2000, inclusive; and