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The principal of and premium, if any, on this Bond are <br />payable on presentation and surrender hereof at the <br />principal office of Bank of Virginia Trust Company, as <br />Registrar, in the City of Richmond, Virginia. <br /> <br /> The principal of and premium, if any, and interest <br />on this Bend are payable in such coin or currency of the <br />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 <br />Twenty Million One Hundred Fifty Thousand Dollars <br />($20,150,000) in principal amount and issued for the <br />purpose of providing funds to pay the cost of various <br />public improvement projects of and for the City under <br />and pursuant to and in full compliance with the <br />Constitution and statutes of the Commonwealth of <br />Virginia, including Chapter 5 of Title 15.1 of the Code <br />of Virginia, 1950, as amended (the same being the Public <br />Finance Act), and the Charter of the City, and <br />proceedings of the Council of the City duly adopted and <br />taken under such Chapter 5 and such Charter. <br /> <br /> The Bonds of the issue of which this Bond is one <br />maturing on and after November 1, 1996 (or portions <br />thereof in installments of S5,000) are subject to <br />redemption at the option of the City prior to their <br />stated maturities on or after November 1, 1995, in whole <br />at any time, or in part from time to time on any <br />interest payment date in any order determined by the <br />City (except that if at any time less than all of the <br />Bonds of a given maturity are called for redemption, the <br />particula~ Bonds of such maturity o~ portions thereof in <br />installments of $5,000 to be redeemed shall be selected <br />by lot), upon payment of the p~incipal amount of the <br />Bonds (or portions thereof in installments of $5,000) to <br />be redeemed, together with the interest accrued thereon <br />to the date fixed for redemption, plus a premium of <br />one-quarter of one percent (1/4 of 1%) of the principal <br />amount of each Bond (or portion of the principal amount <br />thereof in installments of $5,000) to be redeemed for <br />each twelve (12) month period or fraction thereof <br />between the date fixed for redemption and the stated <br />maturity of such Bond. <br /> <br /> If this Bond is redeemable and this Bond (or any <br />portion of the principal amount hereof in installments <br />of $5,000) shall be called fo~ redemption, notice of the <br />redemption hereof, specifying the date, number and <br />maturity of this Bond, the date and place or places <br />fixed for its redemption, the premium, if any, payable <br />upon such ~edemption, and if less than the entire <br />principal amount of this Bond is to be redeemed, that <br /> <br />-8- <br /> <br /> <br />