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before maturity, all outstanding Bonds issued on account of such revenue-producing undertaking shal'l be included in determining the limitation on the power of the City to incur indebtedness. This Bond is one of a series of $34,035,000 General Obligation Public Utility Bonds, Series 2001 of the City, ("BOnds") of like date and tenor, except as to number, denomination, rate of interest and maturity, issued under the authority of and. in full compliance with the Constitution and statutes of the Commonwealth of Virginia, and, more particularly, issued pursuant to the Public Finance Act of 1991, Chapter 26 of Title 15.2 of the Code of Virginia of 1950, as mended, Article VII, Section 10(a)(2) of the Constitution of Virginia and a Resolution adopted by the City Council on May 22, 2001 ("Resolution"). Bonds maturing on or before _______________, 20__ are not subject to redemption before maturity. Bonds at the time outstanding Which are stated to mature on or after _____________, 20__ may be redeemed before their maturities on or after ___________ ,20__ at the option of the City in whole or in part (in installments of $5,000) at any time or from time to time during the following redemption periods upon payment of the following redemption prices (expressed as a percentage of the principal mount to be redeemed) together with the interest accrued thereon to the date fixed for redemption: Redemption Period (both dates inclusive) Redemption Price ______ ___ ___ through ______ ___, ___ _____% ______ ___ ___ through ______ ___, ___ _____% ______ ___ ___ and thereafter _____% If less than all of the Bonds are called for redemption, the maturities of the Bonds to be redeemed shall be selected by the Chief Financial Officer of the City in such manner as such officer may deem to be in the best interest of the City. If tess than all of the Bonds of any