416

390

(Endorsement upon Bonds)

PROVISIONS FOR REGISTRATION

This bond may be registered as to principal alone on books of the Board of Trustees of The University of North Carolina kept by the Treasurer of said Board, as Bond Registrar, upon presentation thereof to the Bond Re gistrar who shall make notation of such registration in the registration blank below, and this bond may thereafter be transferred only upon an assignment duly executed by the registered owner or his attorney or legal representative in such form as shall be satisfactory to the Bond Registrar, such transfer to be made on such books and endorsed hereon by the Bond Registrar. Such transfer may be to bearer and thereby transferability by delivery shall be restored, but this bond shall again be subject to successive registrations and transfers as before. The principal of this bond, if registered, unless registered to bearer, shall be payable only to or upon the order of the registered owner or his legal representative. Notwithstanding the registration of this bond as to principal alone, the coupons shall remain payable to bearer and shall continue to be transferable by delivery.

Date of
Registration

Name of
Registered Owner

Signature of
Bond Registrar

(Form of Coupons)
No.............
$................
On..................................................1,.......................

The Board of Trustees of The University of North Carolina, a body politic and corporate under the name of the "University of North Carolina", will pay to bearer at the Wachovia Bank and Trust Company, in the City of Raleigh, North Carolina, or, at the option of the bearer, at First National City Bank, in the Borough of Manhattan, City and State of New York, upon the presentation and surrender hereof, the sum of................................................................................................... Dollars in any coin or currency which at the time of payment is legal tender for the paynent of debts due the United States of America, solely from the special fund referred to in, and for the semi-annual interest then due upon, its The University of North Carolina at Chapel Hill Dormitory System Revenue Bond of 1963, Series....................., dated as of November 1, 1963, No............... (here insert in coupons attached to the bonds of each Series except Series B the words "unless said bond shall have been called for previous redemption and provision made for the payment thereof.").

Secretary, Board of Trustees of The University of North Carolina

Section 209. The Executive Committee is hereby authorized to sell the 1963 Series A bonds, the 1963 Series C bonds, the 1963 Series D bonds and the 1963 Series E bonds in the manner and subject to the conditions prescribed in this Resolution and in the Loan Agreement, dated as of January 1, 1964, by and between the Board, acting for and on behalf of The University of North Carolina at Chapel Hill, and the United States of America, acting through the Housing and Home Finance Administrator including any amendments thereof or supplements thereto or any waiver or waivers of any of the provisions thereof (said Loan Agreement and any amendments supplements and waivers being hereinafter sometimes collectively called the "Loan Agreement"). The proceeds (excluding accrued interest) of any of said bonds sold to bidders other than the United States of