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2 revisions | University Libraries, UNC-Chapel Hill at Jun 21, 2022 11:08 PM | |
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498469 $1,000,000 Series D bonds (herein called the "Series D bonds"), maturing November 1 in the years and amounts as follows: Year of Principal 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 November 1 in the years and amounts as follows: Year of Principal 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. Denomination $1,000; coupon bonds registrable as to principal alone; principal of the bonds and semi-annual interest (May 1 and November l) payable at the Wachovia Bank and Trust Company, in the City of Raleigh, North Carolina, or at the principal office of First National City Bank, in the Borough of Manhattan, City and State of New York, at the option of the holder or registered owner. At the option of the purchaser of any bonds, a single non-negotiable temporary bond in the amount of each purchase and registered as to principal and interest will be issued, exchangeable within 90 days after notice for definitive negotiable coupon bonds in the denomination of $1,000. The bonds are part of an issue of $7,029,000 bonds of the Board, authorized by a resolution adopted by the Board on February 24, 1964, consisting of the Series A bonds, $305,000 Series B bonds maturing November 1 in the years 1964 to 1970, inclusive, the Series C bonds, the Series D bonds, the Series E bonds and $2,544,000 Series F bonds maturing November 1 in the years 1967 to 2003, inclusive, issued for the combined purpose of refunding the University of North Carolina Dormitory Revenue Bonds - Series 1956 (herein called the "1956 bonds"), outstanding in the amount of $1,647,000, and the University of North Carolina Dormitory Revenue Bonds of I960, Series A, B and C (herein called the "1960 bonds"), outstanding in the amount of $2,838,000, and, with other available funds, paying the cost of a new dormitory, with necessary appurtenant facilities, to house approximately 925 men students at The University of North Carolina at Chapel Hill (herein called the "Project"). | 498 |