495

466

1963 Series A bonds, the $533,000 1963 Series C bonds, the $1,000,000 1963 Series D bonds and the $1,000,000 1963 Series E bonds of the issue of The University of North Carolina at Chapel Hill Dormitory System Revenue Bonds of 1963 authorized by said resolution of February 24, 1964 shall be sold at public sale in the manner provided in the Notice of Sale and in the Official Notice of Sale hereinafter set forth; and

WHEREAS, the Business Officer and Treasurer of the Board of Trustees of The University of North Carolina on April 23, 1964 published a notice of sale of said 1963 Series A bonds, said 1963 Series C bonds, said 1963 Series D bonds and said 1963 Series E bonds (said bonds being referred to in said notice of sale as the "Series A bonds", the "Series C bonds", the "Series D bonds" and the "Series E bonds , respectively), in The News and Observer, a newspaper of general circulation published in the City of Raleigh, North Carolina, and in The Daily Bond Buyer, a financial journal published in the City and State of New York, said notice and sale being substantially in the following form:

NOTICE OF SALE
$4,180,000
THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
DORMITORY SYSTEM REVENUE BONDS OF 1963
SERIES A, C, DANDE
of the
BOARD OF TRUSTEES OF THE UNIVERSITY OF NORTH CAROLINA

Sealed bids will be received by the Board of Trustees of The University of North Carolina, acting by its Executive Committee, at the Governor's Office, State Capitol Building, Raleigh, North Carolina, until 10:30 o'clock A. M. , Eastern Standard Time

May 8, 1964,

at which time and place all bids will be publicly opened and read, for the purchase at not less than par and accrued interest from May 1, 1964 of all or any part of the following described The University of North Carolina at Chapel Hill Dormitory System Revenue Bonds of 1963 of the Board of Trustees of The University of North Carolina, dated November 1, 1963:

$1,647,000 Series A bonds (herein called the "Series A bonds"), maturing serially November 1 in the years 1964 through 1994, and bearing interest at a rate or rates, not exceeding 5% per annum, averaging not greater than the maximum acceptable rate of 2 3/4% per annum.

$533,000 Series C bonds (herein called the Series C bonds"), maturing serially November 1 in the years 1971 through 1979, and bearing interest at a rate or rates, not exceeding 5% per annum, averaging not greater than the maximum acceptable rate of 3 1/2% per annum.

$1,000,000 Series D bonds (herein called the "Series D bonds"), maturing serially November 1 in the years 1980 through 1991, and bearing interest at a rate or rates, not exceeding 5% per annum, averaging not greater than the maximum acceptable rate of 3% per annum.

$1,000,000 Series E bonds (herein called the "Series E bonds"), maturing serially November 1 in the years 1992 through 2000, and bearing interest at a rate or rates, not exceeding 5% per annum, averaging not greater than the maximum acceptable rate of 2 7/8% per annum.

Interest is payable semi-annually on the 1st days of May and November in each year. The maturity and redemption schedules are set forth in the Official Notice of Sale.