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The principal of and preminm, if amy, amd interest on rids Bond are payable in
<br />~uch coin or currency of the Un/ted State~ of America as at the re~peetive dstez of payment is
<br />legal tender for poblin and private debts.
<br />
<br /> ~s Bond is one of an issue of Bonas aggregating Twenty-One Million Two
<br />I-lundred ~ighty-Fiye Thousand Dollars ($21,285,000) in principal amount and issued for the
<br />purpose of providing funds to refund in advance of their stated matafides and redeem certain
<br />outstanding general obligation pubQc utility bonds bereto£om issued by the City m pay the cost
<br />of capitol improvements, extensions and additions to the revenue-producing wa[er and sewerage
<br />system of the City, under and pursuam to and in full compliance with the Consfimtinn of the
<br />Commonwealth of Virginia, including A~¢le V~, Section 10(a)(2), of the Constitution of the
<br />Commonwealth of Virginia, and the statutes of the Commonwealth of Virginia, including
<br />Chapter 5. I of Tkle 15 I of the Code of Virgin/a, I950 (the same being the I:ubll¢ Finance Act
<br />of I991), and the Charier of the City, proceedings of the Council of the Ciq( duly adopted and
<br />. taken under such Chapter 5.I and ~uch Charter_
<br />
<br /> Tho Bonds of the issue of which this Bond [s one maturing on and a~er August
<br />1, 2004 (or portions thereof in installments of $5,000) axe ~ubject to redsmt~don at the option
<br />of the Ciey prior to their stated maturities on or after August 1, 2003, in wh~le ac any time, or
<br />in parr from time to time on any interest payment date in any order determined by the City
<br />(except that if az any time ies~ than all of the Bonds of a given maturity are called for
<br />redemption, the partinn/ar Bonds of such maturity or portions there, of in installments of
<br />to be redeemed shall be ~elected by lot), upon payment of the £oBowing redemption prices
<br />!expressed as a percentage of the prlncipn/amount of Bonds to be redeemed), together with the
<br />interest aecraed thereon to the date luted for the redemption thereof:
<br />
<br />fBoth Dste~ 7ncin~iv~)
<br />
<br />August 1, 2003 to July 3I, 2004
<br />August 1, 2004 to July 31, 2005
<br />August 1, 2005 and there2.fter
<br />
<br />Redemption Pric~
<br />(Pementage
<br />of Princioal Amount)
<br />
<br />102%
<br />!Ol
<br />100
<br />
<br /> Tho Bonds of the issue of which this Bond is one mamrLng on AUgust I, 20t3
<br />shall be subJeCt to mandatory $~nletng ~llld ~'edsmption on August 1, 2010 and on Angust 1 of
<br />each year thereafter re materi~ in thc principal amounts ir/each year ~et forth below, w/th the
<br />paxticuhx Bond or Bonds or portiere thereof :o be ~el~ted by lot, upon payment of a
<br />redemption price equal to 100% of the principal amount of the Bonds to bo redsemea, together
<br />with the intere~ accrued on the principal amount to bo redeemed to the oate fixed for the
<br />redemption thereof:
<br />
<br /> Year
<br />(August 1)
<br />
<br />Princiwal .&mount
<br />
<br />2010 $845,000
<br />201I 865,000
<br />2012 920,000
<br />2013' 420,000
<br />
<br />The City, at its epcon, may credit agafust such mandatory sinking fund redemption requirement,
<br />the princdpal remount of any Bonds of the issue of w~ich this Bond is one maturing on August
<br />1, 2013 which have been pu~ts~od and cancelled by tho City or which bare ~een redeemed and
<br />not tbererofore appl/ed as a credit against such manaatory sinking fund redemption requirement.
<br />
<br /> The Bonds of [ho issue of waleh this Bond is one maturing on August 1, 2019
<br />shall be subject to mandatory sinking fund redemption on August 1, 2014 and on August 1 of
<br />each year thereafter m maturity in the principal amounts in each ye:ur set forth below, with the
<br />particular Bond or Bonds or portions thereof to be se!ectod by lot, upon payment of a
<br />redemption prina equal to 100~ of the principal amount of the Bonds to bo redeemed, mguther
<br />
<br />(_Aumxst 1) Prlncff~al Amount
<br />
<br /> 2014 $585
<br /> 2015 620,000
<br /> 2016 655,000
<br /> 2017 690,000
<br /> 2018 730,000
<br /> 2019' 770,000
<br />
<br />
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