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- 8 - <br /> <br />respective dates of payment is legal tender for public and <br />private debts. <br /> <br /> This Bond is one of an issue of Bonds aggregating <br />Thirty-Five Million Dollars ($35,000,000) in principal amount and <br />issued for the purpose of providing funds to pay the cos~ of <br />various public improvement projects of and for the City, under <br />and pursuant to and in full compliance with the Constitution and <br />statutes o'f the Commonwealth of Virginia, including. Chapter 5 of <br />Title 15.1 of the Code of Virginia, 1950 (the same being the <br />Public Finance Act), the Charter of the City, and proceedings of <br />the Council of the City duly adopted and taken under such Chapter <br />5. <br /> <br /> The Bonds of the series of which this Bond is one (or <br />portions of the principal amount thereof in installments of <br />$5,000) maturing on and after are subject to <br />redemption at the option of the City prior to their stated <br />maturities on or after , in whole at any time or <br />in part on any interest payment date in such order as shall be <br />determined by the City (except that if at any time less than all <br />of the Bonds of a given maturity are called for redemption, the <br />particular Bonds of-such maturity to be redeemed shall be <br />selected by lot), upon payment of the principal amount of the <br />Bonds (or portions of the principal amount thereof in <br />installments of $5,000) to be redeemed, together with the <br />interest accrued thereon to the date fixed for redemption, plus a <br />premium of [INSERT REDEMPTION PREMIUMS]. <br /> <br /> If this Bond is redeemable and this Bond (or any <br />portion of the principal amount hereof) shall be called for <br />redemption, notice of the redemption hereof, specifying the date, <br />number and maturity of this Bon~! ~he date and place or places <br />fixed for its redemption, the p~m~um, if any, payable upon such <br />redemption, and if less than the entire principal amount of this <br />Bond is to be redeemed, that this Bond must be surrendered in <br />exchange for the principal amount hereof to be redeemed and the <br />issuance of a new Bond or Bonds equalling in principal amount <br />that portion of the principal amount hereof not redeemed, shall <br />be mailed not less than thirty (30) days prior to the date fixed <br />for redemption by first class mail, postage prepaid, to the <br />Registered Owner of this Bond at his address as it appears on the <br />books of registry kept by the Registrar as of the close of <br />business on the forty-fifth (45th) day preceding the date fixed <br />for redemption. If notice of the redemption of this Bond (or the <br />portion of the principal amount hereof to be redeemed) shall have <br />been given as aforesaid, and payment of the principal amount of <br />this Bond (or the portion of the principal amount hereof to be <br />redeemed) and of the accrued interes~ and premium, if any, <br />payable upon such redemption shall have been duly made or <br />provided for, interest on this Bond (or on the portion of the <br />principal amount hereof to be redeemed) shall cease to accrue <br />from and after the date so specified for the redemption hereof. <br /> <br /> <br />