Newspapers / The Perquimans weekly. / May 14, 1987, edition 1 / Page 14
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Classifieds MOT ICS OF ULI COUNTY OF HMUIMANt MONTH CAROLINA SCHOOL BONDS SnM btds will bo rac^vN until 11 ?'dock AM.. Norm Caroline Time, Moy M. 1907, toy the under signed of Its office In ttio City of Re Ie4gh, North Ceroiina, such bkN to bo opened ot sold tlmo ond place on sold dey, for the purchase of 13,000,000 School Bonds of ttw County of Perquimans, North Caro Mno. dotod Juno 1, 19?7 (unless awarded to the United State* of America, F armors Homo Adminls tration, in which com tho bonds will bo dotod os of tho doto of delivery thoroof) ond meturing (m6|ed to tho right of prior redemption as horoln after sot forth) annually, Juno 1, 122,000 1909, $23,000 1990, ?24,000 mi, $25400 1992, $27 M0, 1993, $20,000 1994, $30,000 1999, $32400 19M, 04,000 1997, S3i000 1990. $34,000 1999. *40,000 2000, $42,000 2001, $45400 2002, $47,000 2003, $90,000 2004, 153,000 2005, 934;000 2004, $99,000 2007, 2000, $44,000 2009, $70,000 2010, $70400 2012, $03,000 2013, $07,000 2014, $00,000 2015, to 2022, Inclusive, ond $65400 2023. Tho bonds ore issuable in fully registered form in the demonima tion of $1,000 or any integral mul tiple thereof. The principal of and any redemption premium on each bond will bo poyoble to the regis tered owner or his registered as signs or legal representative, upon the presentation and surrender thereof, at the principal trust office of The Chase Manhattan Bank, N.A., in New York City, the Bond Registrar. Interest will J?e payable on each June 1 and December 1 (ex cept that interest on bonds awarded to the United States of America, Farmers Home Home Administra tion, will be payable on Juno 1, 1900 and annually thereafter) to the per MM wimlm or Iks ra??ra?ton bosks of Nw County as mo ro#t* land ownor at Iks ctsss at buslnass sn Iks rocsrd dots Isr wck tntsrost. wktch snail ba Iks IStk day ( WtWtfMf Of not ^ ^ nOXt ml Hick imor? t paymant dais, by - ? ? - ? ? ? i ? as, ? ??!, ? al| Cn?CR iivSilwQ *ii? i w^iaiwi wO www at Ms sddri- as It appMO on such registration books. At the option of the purchaser of the Bonds, o hilly register od bond without coupons in tho amount of ttmiW will bo isouod. exchang eable within ?? days attar not ico in tho denomination of $1*009 or any mtogral multiple tharaof. Tha bond maturing prior to Juno 1, Iff* will not bo sublect to ro damptton prior to maturity. Tho bonds maturing on Juno 1, IfM and thoreofter will ba subiact to re damption prior to maturity, at tho option of tho County, from any mon oys that may ba mada aval labia for such purpoee, on not mora than 40 nor lass than 30 days' notico mailad to tha ragistarad owners, either in whole on any data not earlier than June 1, 1*97 or in part in inverse order of their maturities on any In terest payment date not earlier than June 1, 1907, at the principal amount of the bonds to be re demmed, together with interest ac crued thereon to the date fixed for redemption, plus a redemption pre mium of V* of 1 percent of the prin cipal amount of each bond to be re deemed for each calendar year or part thereof between the redemp tion date and the maturity date of such bond, such premium not to ex ceed 2 percent of such principal amount. If less than all of the bonds of any on maturity shall be called for redemption, the particular bonds to be redeemed shall be se lected by the County in such man ner as it may determine. If awarded to the United States of America, Farmers Home Adminis tration, the bonds will subject to re UML aamptian. at the option of the County. at any time at ma principal amount ttNftot to bo radatiMC t^ gather with Interest accrued ttiaraan to the data fixed tor r* demption, but without any pre mium. ?Mart arc requested to nama ma Intereet rata or ratea. In mut tiptoe of U or ona tenth of 1 percent, not exceeding an average annual nat Intaraat coat to ttta County ot S.75 par cant, and aadi bidder muat ipaclfy In hla Md ttta amount and the maturities at ma banda at each rata. No Intaraat rata namad tor any maturity may ba lower man ma Intaraat rata namad tor any prior maturity. No bid may nama mara than six Intaraat ratea. any ot which may ba rapaatad. Ml bonds maturing on ma tana data muat boar Intaraat at ma same rata, and ma Intaraat rata on audi bond shall ba tha aama throughout It* IHo. No bid tor laaa than tha faca valua ot tha bonds plus accruad Intaraat will ba entertained. Tha Unltad Statas of Amorica, acting through ma Far marl Homo Administration, has antarad Into a Loan Agraatnant with tha County of Perquimans. pursuant to which tha Unltad Statas has agraad to pur chasa tha bonds at their faca valua and at a rata of Intaraat of 5.75 per cant par annum, provldad that no bid Is rocolvod spoclfying an Inter aat rata or rates not exceeding an avaraga annual nat Intaraat coat to tha County of 5.75 percent As among auch bids, tha bonds will ba amairtsd an tha bonds will ba awardad an tha basis of tha lowaat Intaraat coat to tha County, such coat to ba datarminad by daductlng ;ha amount of any pramlum bid from tha aggragata amount ot In taraat upon all of the bonds from their date until their respective ma turities. If no such bid Is received, the bonds will be sold to the United Statas of Amorica. Farmers Home Admlnlatratlon pursuant to said UML ??eft bM mm ba aXiimnaa an ? ?arm t? ba fvrataltad wllti a*dm? ?Mt Marnwttan By tha Mar ? Iim^I hum# Im Mirlitoaft In a nivw w ? envelope in^rlc^d "Bid for bo OCCO^rt^OftlO^ by an official bonk dwct o cosh ier's cltecMtr o cortlflod chock upon on Incorporotod bonk or trust company for I *,000, peyobte un i- nnrtitlMalln tok ik* nrrfar - * ak. conomoneiiy to mt oroor or nw Stole Trooouror of North Carolina, on vtftich no interest will bo el lowed. Award or refaction of bids will bo mode on the dolo steted above for receipt of bids ond the chock of unsuccessful bidders will bo returned Immodlotoly. The chock of fho successful bidder will bo coshod by fho Stele Treesurer ond invested for fho bonoflt of tho County ond of closing tho prlnclpol amount of such chock will bo ap plied without interest os port poy moot for tho bonds. In tho ovont thot tho successful Wddor shell foil to comply with tho terms of tho bid, tho proceeds of such chock will bo rotoinod os ond for full liquidotod damages. If tho County shall foil to dollvor tho Bonds, tho procoods of such chock ond ony intorost earn ings will bo remitted to the success ful bidder os ond for full liquidotod damages. The bonds will be delivered on or ebout June 22, 1907, ot the principel office of the Bond Registror, ogainst payment therefor in FED ERAL RESERVE FUNDS ond tho successful bidder will be responsi ble for moking arrangements with the Bond Registror regording such poyment. The bonds will be deliv ered in such authorized denomina tlons ond registered in such names os the successful bidder moy re quest no later than five days prior to the date of delivery. If the sue cessful bidder foils to submit such informotion by the required time, then o single bond will be issued for each maturity date registered in UML the name of ttw senior Binmr at ttw lucctnfvl bidder. It I* entklpeted Ml CUSIP Man ttticetton numbers be printed en ttw bonds. but mlMier ma taltura to print such nwiMft an any band naf any arrar with respect ttiarato Ml canatltvte cauaa far a falHira or refuaal by ttw purchaeert thereat tb accept delivery at or pay tar the bends in accordance with the terms ot their Md. All expeneea In relation to ttia printing at CUSI P numbers m uM bands and ttw CUSIP Service Bureau charge tor ttw assignment ot km numbarm shall ba paid for by ttw County ot Perquimans. Ttw approving oplnlan at La ?aeuf. Lamb. Lalby I MacRae. Haw York city, will ba furnMwd wlttwut coat to ttw purchaser. In formation provided wltti ttw bid for Bonda rotating to ttw bands con tains a discussion ot ttw provisions at ttw internal Revenue Cada at IMS (ttw "Coda") with raapact to ttw exemption from Fodoral In como taxation ot ttw Intoroaf on ttw bonds and a description ot ttw opin ion of LeBoeuf, Lamb, Lalby t, MacRaa with respect thereto. The County has covenanted, to the ex tent permitted by the Constitution and laws ot ttw State ot North Caro lina, to comply with the require ments ot ttw Code to the extent re quired to maintain the exclusion ot Interest on ttw bonds from ttw proas Income ot ttw holders thereof tor the purposes of Federal Income taxation. There will also ba fur nished the usual closing papers. The County has designated the bonds "qualified tax-exempt obli gations" wlthir. the meaning of sec tion 265 (b)(1) of the Code and has represented that It reasonably ex pects that neither It nor its subordl note entitles will Issue more than S 10.000,000 of obligations In tha cur rent calendar year. The successful bidder will ba re quired to furnish prior to the dellv UML ory of tho bonds a cortWcato sub stantially In ttw form aftachod to Hi* Nofko of Mi and IM Form ro tating to ftio bonds ond occoptobto to ftond Counoal os to the "issue nr| r." ^ >*. ? . , .!**? I . ... pv IC9 Of fnO DOno# WfTiMn TmO moonlngof soctton lZ73of thoCodo. Tho right to rotoct oil bids It ro ta rvcd. Coplaa of tho Moftco ond Blank Propstol roioting to tho bonds moy bo abtotood from tho Loco! Govern mont Commits I on, Albomorlo building. 325 North Sollsbury Hi oof, Roloigh, North Corollno 17411. LOCAL GOVERNMENT COMMIS SION Roloigh, North Corollno By: John O. Foust Socrotory of tho Commission Moy 14 NOTICE OF ADMINISTRATION Having quoliftod as Exocutrlx of tho ostoto of Rufus Alvin Hudson, docoosod, loto of Porqulmons County, North Corollno, this is to notify oil porsons hoving clolms ogoinst tho ostoto of sold docoosod to oxhiblt thorn to tho undorsignod ot Routo 2, Hortford, N.C. on or bo foro tho 19th doy of Novombor, I9f7 or this notice will bo pioadod In bar of tholr rocovory. All porsons In dobtod to sold ostoto will plooso make Immodiato paymont. This tm day of Moy, 1W7 Sandra S Hudson Exocutrix of Rufus Alvin Hudson, Ooc'd Moy 14, 21, 28, Juno 4 list Your Property With WILLIAM F. AINSLEY Realtor Hertford, N.C. DIAL: 426-7699 T. Erie Haste, Jr. leal Estate 146 Church St HMttori N.C OlAl'OO ?w 426-5211 Brokw-H? Iter iwssaiv Rt 17. Elizabeth CiNC 338-9161 ;!* SALES, SERVIC^I AND PARTS >: TRUCK SAUf I VCR Repairs & Service ;j Also Repair Auto - Home Stereo Amplifiers >: C.B's 426-5718 | ?? ?> ? ? Copeland Communications: Wards Shopping Center Hertford, N.C. 27944 -> OPEN 8-5 Sat. til Noon >: PARDON OUR DUST AND PLEASE EXCUSE THE INCONVENIENCE!... ...SO THAT WE MAY BETTER SERVE YOUR NEEDS. WE'RE MOVING TO h 1 000 WEST Iehringhaus * STREET EFFECTIVE MONDAY, MAY 11th, OUR ENTIRE AUTOMOTIVE OPERATIONS... SALES, SERVICE AND PARTS.. .WILL BE OPERATING FROM OUR NEW, ^AORE SPACIOUS QUARTERS! NOW OFFERING ACRES AND ACRES OF YOUR FAVORITE CHEVROLET SE LECTIONS. OUR NEW LOCATION WILL ALLOW US TO KEEP A BETTER AND BIGGER INVENTORY... FULL SIZE, MID SIZE, SAAALL CHEVROLET CARS AND TRUCKS, BLAZERS, VANS, FULL SIZE TRUCKS... AND MUCH, MUCH MORE. COME BROWSE AND ENJOY THE FUN AND PLEASURE OF SELECTING YOUR NEW CAR. ...AND WHEN IT COMES TO SERVICE OUR NEW AND BIGGER WORK BAYS AND AREAS GUARNATEES YOU QUICKER SERVICE TIME... NO LONG WAITING. ..AND A RELAXING LOUNGE AREA WHILE YOUft CAR IS BEING SERVICED BY OUR FACTORY TRAINED TECHNICIANS. NEED GENU INE GM PARTS... YOU'LL FIND WHAT YOU NEED, WHEN YOU NEED IT FROM OUR NEW IMPROVED AND LARGER * PARTS DEPARTMENT... AND W^RE OPEN SATURDAYS FOR YOUR CONVE NIENCE.
May 14, 1987, edition 1
14
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