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to be redeen~d together ~ith ~he interest accrued %hereon 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 twelve (12) month period or fraction thereof between ~he date fixed for r~emption and the stated maturiLTf data of such Pond. Any such declaration of the maturity of Bonds to be redeemed and of the selection of Bonds within a maturity to be redeemed shall be made by the Director of Finance of the City. I~tice of such rede/q0tion, specifying the date, numbers and maturities of the. Bonds to be redeemed, ~he date and place fixed for their redemption and ~he premium, if any, payable upon such redemption, shall be given by the City by publication of such notice once J=n a newspaper pr:hated 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 prir~ed in the English language and customarily published'on each business day in the City of New York,~ New York, the date of publication of such notice in each case to be a% least days' prior tO ~he date fixed for federation. If any Bond called for redemption is registered as to principal only or as %o both principal and interest, notice of the redemption thereof shall be mailed not less ~h~ thirty days prior to the date fixed for redemption by registered m~il to the registered o%~er of such Bond at such owner's address ~s st~n on the books of registry; provided, however, that notice of re- d~_ption by publication need not be given to the registered ~maer of any registered Bond if notice of redemption shall have been mailed as aforesaid, and if notice of redemption is given k~ p~!ication as afore- said then neither the failure %o ~ail such notice to the registered ov~er of ~y registered Bond nor any defect in any notice so mailed shefll affect the s-officiency of tl~ proceedings for the redemption of such Bonds. I~nen notice of rede~otion of Bonds shall have been given as hereinabove set forth, and payment of ~t~e principal amolLnt of the Bonds so called for redemption and of the accrued interest and premium, if any, payable upon such redemption sha~ have be~n duly made or provided for, interest on such Bonds shall cease from and after the date so specified for their redeaption ~nd~ any coupons representing such interest sh~ll be void. Rlqe Bonds may be registered by ~ne holder as to principal only or as to both principal and interest in accordance with the provisions for such registration to be endorsed thereon as set forth in Section 9 hereof l 2. The principal of and premium, if go.y, and interest on the ~onds shall be payable in such coin or currency of the United States of America as at the respective dates of payment is legal tender for public and private debhs. If any Bond shall not then be registered as to both principal and interest, the interest thereon payable prior to maturity shall be payable at the principal office of Virginia National Bank, in Norfolk, Virginia, or, at the option of the holder of such Bond, at the principal office of ~e Chase Manhattan Bgnnk (National Association) in the City of New York, New York, as the paying agents for the Bonds. 3