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producing undertaking shall be included in determining the limitation on the power of the City to <br />incur indebtedness. <br /> <br /> This Bond is one of a series of $____________ General Obligation Public Utility <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, Article VII, Section 10(a)(2) of the Constitution of Virginia and a <br />Resolution adopted by the City Council on May 22, 2001 ("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 theft 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 /> Redemption Period <br /> (both dates inclusive) Redemption Price <br /> <br />_______ ____, through ________,____ _____% <br />_______ ____, through ________,____ _____% <br />_______ ____, and thereafter _____% <br /> <br /> If less than all of the Bonds are called for redemption, the maturities of the Bonds to be <br />redeemed shall be selected by the Chief Financial Officer of the City in such manner as such <br />officer may deem to be in the best interest of the City. If less than att of the Bonds of any <br /> <br /> <br />