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- 7 - <br /> <br />office of , as Registrar, in the <br /> , principal of and premium, if any, <br />and interest on this Bon~ a~epayable in such coin or currency of <br />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 Ten <br />Million Dollars ($10,000,000) in principal amount and issued for <br />the purpose of providing funds to pay the costs of capital <br />improvements, extensions and additions to the revenue-producing <br />water and sewerage system of the City, under and pursuant to and <br />in full compliance with the Constitution and statutes of the <br />Commonwealth of Virginia, including Article VII, Section <br />10(a) (2), of the Constitution of Virginia, Chapter 5 of Title <br />15.1 of the Code of Virginia, 1950 (the same being the Public <br />Finance Act), and the Charter of the City, proceedings of the <br />Council of the City duly adopted and taken under such Chapter 5 <br />and such Charter, and an election of the qualified voters of the <br />City duly held pursuant to such Chapter 5 on November 6, 1990. <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 <br />time or in part on any interest payment date in such order'as <br />shall be determined by the City (except that if at any time less <br />than all of Bonds of a given maturity are called for redemption, <br />the 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 Bond, the date and place or places <br />fixed for its redemption, the premium, 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 a new <br />Bond or Bonds issued equalling in principal amount that portion <br />of the principal amount hereof not to be redeemed, shall be <br />mailed not less than thirty (30) days prior to the date fixed for <br />redemption by first class mail, postage prepaid, to the <br />Registered Owner hereof at his address as it appears on the books <br />of registry kept by the Registrar as of the close of business on <br />the forty-fifth (45th) day preceding the date fixed for <br />redemption. If notice of the redemption of this Bond (or of 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 /> <br /> <br />