508

479

"1960 bonds"), No. T-l, registered in the name of the United States of
America, Housing and Home Finance Administrator, and outstanding in
the amount of $2,533,000 (in lieu of $533,000 definitive coupon Series A
bonds, $1,000,000 definitive coupon Series B bonds and $1,000,000
definitive coupon Series C bonds), shall be cancelled.

Section 7. The University of North Carolina at Chapel Hill Dormi-
tory System Revenue Bonds of 1963, Series F, shall be sold by the
Executive Committee pursuant to the provisions of Section 210 of said
resolution of February 24, 1964 as the Executive Committee shall here-
after determine.

Section 8. All steps necessary to carry this resolution into effect
shall be taken by the proper officers and agents of the Board of Trustees
of The University of North Carolina.

$___________________ No. T-_________

TEMPORARY BOND WITHOUT COUPONS
(Registered as to both principal and Interest)
Exchangeable for definitive coupon bonds

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
UNITED STATES OF AMERICA, HOUSING AND HOME FINANCE
ADMINISTRATOR, or his successor (herein called the "Payee"), or his
registered assigns (herein sometimes called the "Alternate Payee"), the
principal sum of

__________DOLLARS

in annual instalments on the 1st day of November in the following years
and in the following amounts, corresponding to the definitive coupon bonds
hereinafter mentioned of the Series and numbered as follows:

The University of North Carolina Dormitory System Revenue
Bonds of 1963, Series...........

Year of
Maturity

Principal
Amount

Numbers
(all inclusive)

and to pay, solely from said special fund, interest from the date hereof
on the unpaid portion of such principal sum at the rate of __________ % per
annum until payment thereof, such interest until the final maturity of this
bond being payable semi-annually on the 1st days of May and November
in each year. 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.

During the time the Payee is the registered owner of this bond pay-
ment of the instalments of principal and interest then due and payable
shall be made at the Federal Reserve Bank of Richmond, Richmond,
Virginia, or such other fiscal agent as the Payee shall designate (said
Federal Reserve Bank or other fiscal agent being herein called the
"Payee's Fiscal Agent"), and during any such time as the Alternate Payee
shall be the registered owner of this bond payment of the instalments of
principal and interest then due and payable shall be made at the Wachovia
Bank and Trust Company, in the City of Raleigh, North Carolina, or, at
the option of the Alternate Payee, at First National City Bank, in the
Borough of Manhattan, City and State of New York. Payments of