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this Bond, interest shall be paid by wire transfer. All interest paymentS shall be made to the <br />registered owner as it appears on the registration books kept by the Bond Registrar on the <br />fifteenth day of the month preceding each interest payment date. <br /> <br /> This Bond has been duly authorized by the City Council and is issued for the purpose of <br />refunding certain outstanding general obligation public improvement bonds of the City and <br />paying the costs of issuance of the Bonds. The full faith and credit of the City are irrevocably <br />pledged for the payment of the princiPal of and premium, if any, and interest on this Bond in <br />accordance with its terms. <br /> <br /> This Bond is one of a series of $__________ General Obligation Public Improvement <br />Refunding Bonds, Series 2001 of the City, ("Bonds") of like date and tenor, except as to number, <br />denomination, rate of interest and maturity, issued under the authority of and in full compliance <br />with the Constitution and statutes of the commonwealth of Virginia, and, more particularly, <br />issued pursuant to the Public Finance Act of 1991, Chapter 26 of Title 15.2 of the Code of <br />Virginia of 1950, as amended, and a Resolution adopted by the City Council on May 22, 2001 <br />("Resolution"). <br /> <br /> Bonds maturing on or before ________, 20__ are not subject to redemption before <br />maturity. Bonds at the time outstanding which are stated to mature on or after ____________, <br />20__ may be redeemed before their maturities on or after ________ ,20__ at the option of the <br />City in whole or in part (in installments of $5,000) at any time or from time to time during the <br />following redemption periods upon payment of the following redemption prices (expressed as a <br />percentage of the principal amount to be redeemed) together with the interest accrued thereon to <br />the date fixed for redemption: <br /> <br /> <br />