4/24/12 - Barnegat Township School District

Exhibit A
[FORM OF REFUNDING BOND]
“Payment of this obligation is secured under the
provisions of the ‘New Jersey School Bond Reserve Act’
in accordance with which an amount equal to 1.0% of
the aggregate outstanding bonded indebtedness (but not
to exceed the moneys available in the fund), of New
Jersey counties, municipalities and school districts for
school purposes as of September 15 of each year, is held
within the state fund for the support of free public
schools as a school bond reserve pledged by law to
secure payments of principal and interest due on such
bonds in the event of the inability of the issuer to make
payment.” New Jersey School Bond Reserve Act, P.L.
1980, c. 72, §6, as amended.
UNITED STATES OF AMERICA
STATE OF NEW JERSEY
COUNTY OF OCEAN
THE BOARD OF EDUCATION OF THE TOWNSHIP OF BARNEGAT
SCHOOL DISTRICT REFUNDING BOND, SERIES 201_
No.
$_______________
INTEREST
RATE DATED DATE MATURITY DATE CUSIP
% _______, 201_ July 15, ____ ___________
REGISTERED OWNER: CEDE & CO.
PRINCIPAL SUM:
______________________________________________ Dollars
The BOARD OF EDUCATION OF THE TOWNSHIP OF BARNEGAT, in the
County of Ocean, a public body corporate and politic organized and existing under the
laws of the State of New Jersey (the “Board”), and responsible for the supervision of the
public schools located in the Township of Barnegat, in the County of Ocean, New Jersey
(the “School District”), for value received, hereby acknowledges itself to be indebted and
promises to pay to CEDE & CO. or its registered assigns, on the Maturity Date set forth
above, upon presentation and surrender of this bond, the Principal Sum set forth above,
Barnegat Township Board of Education Meeting Minutes
April 24, 2012 42