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payment of the redemption price duly made or provided for, the Principal Sum (specified above) and to pay interest on such Principal Sum until payment of such Principal Sum in full, at the Interest Rate (specified above) per annum on. , and semiannually on each and thereafter (each such date is hereinafter referred to as an "imerest payment date"), from the date hereof or from the interest payment date next preceding their date of authentication hereof to which interest shall have been paid, unless such date of authentication is an interest payment date, in which case from such interest payment date if interest shall have been paid to such date, or unless such date of authentication is within the period from the sixteenth (16th) day to the last day of the calendar month next preceding the following interest payment date, in which case from such following interest payment date. Such interest is payable by check or draft mailed by the Registrar hereinafter mentioned to the Registered Owner hereof at his address as it appears on such books of registry kept by the Registrar as of the close of business on the fifteenth (15th) day (whether or not a business day~ of the calendar month next preceding each interest payment dam. The principal of and premium, if any, on this Bond are payable on presentation and surrender hereof at the principal office of , as Registrar, in the , The principal of and premium, if any, and interest on this Bond are payable in such coin or currency of the United States of America as at the respective dates of payment is legal tender for public and private debts. This Bond is one of an issue of Bonds aggregating Seven Million SLx Hundred Fifteen Thousand Dollars ($7,615,000) in principal amount and issued for the purpose of providing funds to pay the costs-of capital improvements, extensions and additions to the revenue-producing water and sewerage system of the City, under and pursuant to and in full compliance with the Constitution and statutes of the Commonwealth of Virginia, including Article VII, Section 10(a)(2), of the Constitution of Virginia, Chapter 5.1 of Title 15.1 of the Code of Virginia, 1950 (the same being the Public Finance Act of 1991), and the Charter of the City, proceedings of the Council of the city' duly adopted and taken under such Chapter 5.1 and such Charter, and an election of the qualified voters of the City duly held pursuant to such Chapter 5.1 on November 6, 1990. The Bonds of the series of which this Bond is one (or portions of the principal amount thereof in installments of $5,000) maturing on and after are subject to redemption at the option of the City prior to their stated maturities on or after ., in whole at any time or in part on any interest payment date in such order as shall be determined by the City (except that if at any time less than all of Bonds of a given maturity are called for redemption, the particular Bonds of such maturity to be redeemed shall be selected l~y lot), upon payment of the principal amount of the Bonds (or portions of the principal amount thereof in installments of $5.000) to be redeemed, together with the interest accrued thereon to the date fluxed for redemption, plus a premium of [INSERT REDEMPTION PREMIUMS].