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-8- <br /> <br /> The principal of and premium, if any, and interest on this Bond are payable <br />in such coin or currency of the United States of America as at the respective dates of <br />payment is legal tender for public and private debts. <br /> <br /> This Bond is one of an issue of Bonds aggregating Nine Million Nine Hundred <br />Sixty-Five Thousand Dollars ($9,965,000) in principal amount and issued for the purpose of <br />providing funds to refund in advance of their stated maturities and redeem certain <br />outstanding public improvement bonds heretofore issued by the City to pay the costs of <br />various public improvements of and for the City, under and pursuant to and in full <br />compliance with the Constitution and statutes of the Commonwealth af Virginia, including <br />Chapter 5.1 of Title 15.1 of the Code of Virginia, 1950 (the same being the Public Finance <br />Act of 1991), and the Charter of the City, and proceedings of the Council of the City duly <br />adopted and taken under such Chapter 5.1 and such Charter. <br /> <br /> The Bonds of the issue of which this Bond is one maturing on and after <br />November 1, 2002 (or portions thereof in installments of $5,000) hre subject to redemption <br />at the option of the City prior to their stated maturities on or after November 1, 2001, in <br />whole at any time, or in part from time to time on any interest payment date in any order <br />determined by the City (except that if at any time less than all of the Bonds of a given <br />maturity are called for redemption, the particular Bonds of such maturity or portions thereof <br />in installments of $5,000 to be redeemed shall be selected by lot), upon payment of the <br />following redemption prices (expressed as a percentage of the principal amount of the Bonds <br />to be redeemed), together with the interest accrued thereon to the date fixed for the <br />redemption thereof.' <br /> <br />Redemption Dates <br />(Both Dates Inclusive) <br /> <br />Redemption Prices <br />(Percentage <br />of Principal Amount) <br /> <br />November 1, 200t to October 31, 200~ <br />November 1, 2002 to October 31, 2003 <br />November 1, 2003 and thereafter <br /> <br />102% <br />101 <br />100 <br /> <br /> If this Bond is redeemable and this Bond (or any portion of the principal <br />amount hereof in installments of $5,000) shall be called for redemption, notice of the <br />redemption hereof, specifying the date, number and maturity of this Bond, the date and <br />place or places fixed for its redemption, the premium, if any, payable upon such redemption, <br />and if less than the entire principal amount of this Bond is to be redeemed, that this Bond <br />must be surrendered in exchange for the principal amount hereof to be redeemed and a new <br />Bond or Bonds issued equalling in principal amount that portion of the principal amount <br />hereof not to be redeemed, shall be mailed not less than thirty (30) days prior to the date <br />fixed for redemption by first class mail, postage prepaid, to the Registered Owner hereof at <br />his address as it appears on the books of registry kept by the Registrar as of the close of <br />business on the forty-fifth (45th) day next preceding the date fixed for redemption. ~fnotice <br />of the redemption of this Bond shall have been given as aforesaid, and paymeat of the <br /> <br /> <br />