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3 revisions | University Libraries, UNC-Chapel Hill at Jun 20, 2022 11:20 PM | |
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384358 Section 1. Amount, Purchase Price, and Purpose. Subject to the Terms and Conditions (Form CFA-520 dated 4-63), attached hereto and made a part hereof as Exhibit A, and the provisions of this Agreement, the Borrower will sell and the Government, acting by and through the Housing and Home Finance Administrator (herein called the "Administrator"), will purchase $2,544,000 aggregate principal amount of the obligations of the Borrower described below (herein called the "Bonds"), or such lessor amount thereof as the Administrator estimates will be required, together with the Borrower's funds provided from other sources, to pay the development cost of the Project (estimated to be $2,544,000), hereinafter described, at a price equal to the principal amount thereof plus accrued interest, the proceeds of the sale of such Bonds to be used solely for the development of the said Project; and, further, the Borrower will offer for sale or exchange, as hereinafter provided, $4,280,000 of its obligations described below or such lessor amount thereof as may be necessary to retire or be exchanged for all its outstanding University of North Carolina Dormitory Revenue Bonds - Series 1956, and University of North Carolina Dormitory Revenue Bonds of 1960, Series A, B and C. Section 2. Description of Bonds. The Bonds which the Borrower agrees to sell and the Government agrees to purchase are described as follows: (a) Designation: University of North Carolina Dormitory System Revenue Bonds of 1963, Series A, C, D, E and F. (b) Date: November 1, 1963. (c) Principal Amount: $6,724,000 (consisting of Series A in the Amount of $1,647,000, Series C in the amount of $533,000, Series D in the amount of $1,000,000 and Series E in the amount of $1,000,000 and Series F in the amount of $2,544,000). (d) Denomination: $1,000. (e) Type: Negotiable, serial coupon Bonds, payable to bearer. (f) Interest Rate: 2-3/4% per annum, payable semi -annually on May 1 and November 1 in each year, first interest payable May 1, 1964. (g): Maturities: November 1, in years and amounts as follows: SERIES A BONDS Amo unt Year Amount $ 35, 000 $ 52,000 (h) Numbers: 1-A to 1,647-A, inclusive in order of maturity. (i) Security: Special obligation of the Borrower, secured by and payable from a first lien on and pledge of the revenues of the "Dormitory System" to be established in accordance with provisions of Special Condition (b) and in the manner and for the purpose set out in the other Special Conditions. | 384358 Section 1. Amount, Purchase Price, and Purpose. Subject to the University of North Carolina Dormitory System (b) November 1, 1963. Date: (c) Principal Amount: $6,724,000 (consisting of Series A in the $1,000. Type: Negotiable, serial coupon Bonds, payable to bearer. November 1, in years and amounts as follows: SERIES A BONDS Amo unt Year Amount $ 35, 000 $ 52,000 Security: Special obligation of the Borrower, secured by and |