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This Bond is one of an issue of Bonds aggregating Seven Million Dollars ($7,000,000) in principal amount and issued for the purpose of providing funds to pay the oost of various public improva~ent projects of the City under and pursuant to end in full compliance with the Constitution and statutes of the Ccamonweatth of Virginia, including Chapter 5 of Title 15.1 o~ the Code of Virginia, 1950, as amended (the same being the Public Finance Act), end the Charter of the City, and procee ~dings of the Council of the City duty adopted and taken under said Chapter 5 ~-nd said Charter. The Bonds of %he issue of which this Bond is one maturing on and after 5~rch 1, 1991; are subject to redemption at the option of the City prior to their stated maturities on or after l~2~rch 1, 1990, in whole at any time, or in psrt fr~m time to time on any interest payment date in ~ny 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 e-~aount of the Ponds to be redeemed together with ~e interest accrued thereon to ~he date fixed for rede~phion 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 twelve (12) nonth period or fraction thereof be~een the date fixed for redemption and the stated maturity hereof° If this Bond is redeemgble end 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 u~_~x3n such redemption shall be given by the City by publication of SuCh notice once in a newspaper printed in the English language and cushDm~ily published on each business .day amd of general circulation in the City, ~nd once in at least one newspaper or financial publiCation prir~h~ in the ttn_glish lang~aage and customarily published on each busLness day in the Cib3 of New York, New York, the date of pub- lication of such notice in each case to be at least thirty days prior to the date fixed for ~ ~' reae~onmon. If this Bond is then registered as to principal only or as to bo~h principal and interest, notice of the redeaption hereof shall be mailed not less than ~_hirty days prior to the date fixed for redemption by registered mail to the registered ~ner of this Bond at such oyster's address as storm on the books of registry; provided~ however, ~at if this Bond shall then be registere~ and notice of redemotion is ~i1~ as aforesaid, then notice of the red~ption hereof need not be give~n l~f ?dblication, and if notice of redemt0tion is given l~f publication as aforesaid~ ~nen if this Bond shall then be registered the failure to _.7~il such notice as aforesaid or any defect