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- 7 - principal snd premium are payable at the princial office of either of the aforesaid paying agents for this Bond. This Bond is one of an issue of Bonds aggregating Eight Million Dollars ($8,000,000) in principal amount and issued for the purpose of providing funds to pay the cost 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, includin~ Article VIIr Section 10(a)(2), of the Constitution of Virginia, Chapter 5 of Title 15.1 of the Code of Virgini~ 1-950, as amended (the same being the Public Finance Act), and the Charter of the City, proceedings of the Council of the~City duly adopted and taken under such- Chapter 5 and such Charter, and an election of the qualified voters of the City duly held pursuant to such Chapter 5 on November 6, 1979. The Bonds~Of the issue of which this Bond is one maturing on and a~ter December !, 1993 are subject to redemption at the option of the City prior to their stated maturities.on on after December 1, 1992, in whole at any time, or i~ part from time to time on any interest payment date in any order determined by the City (except that if at any time less than all of the Bonds of a maturity are called for redemption, the particular Bonds of such maturity to be redeemed shall be selected by lot), upon payment of the principal amount of the Bonds to be redeemed together with the interest accrued thereon to the date fixed for redemption plus a premium of one-quarter of one percent (1/4 of 1%] of the principal amount of each Bond to be redeemed for each t~elve (12) month period Of fraction thereof between the date fixed for redemption and the stated maturity hereof. If this Bond is redeemable, and shall be called for redemption, notice of the redemption hereof, specifying the date, number and maturity of this Bond, the date and place fixed for its redemption and the' premium, if any, payable upon such redemption shall be given by the City by publication of such notice once in a-newspaper printed in the English language and customarily published on each business day and of general circulation in the City and once in at least one newspaper or':financial publication printed in the English language and customarily published on each business day i~ New York~ NeW-York, the d~te of publication of such notice in each case to be at least thirty days prior ~ to the date fixed for redemption. If ~his Bond is then registered as to principal.only or as to both principal and interest, notice of the redemption hereof shall be mailed not less than thirty days prior to the date fixed for redemption by registered mail to the registered owner of this Bond at such owner's address as shown on the books of