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This Bond is one of an issue of Bonds aggregating Seven ~illion Dollars ($7,000,000) in principal amount and issued for the purpose of providing funds to pay the cost of various public improvement projects of the City under and pursuant bo and in full compliance wi~-h Constitution and s~atutes of the Commonwealth of Virginia, including Chapter 5 of Title 15.1 of the Code of Virginia, t950, as ~nded (the same being the Public Finance Act), and the Charter of the City, and proceedings of the Council of the City duly adopted and taken under said ~nap%er 5 and said Char%er. The ~onds of the issue of ~fnich ~nis Bond is one maturing on and after July 1, 1991, are subject to redemption at the option of the City prior to their stated maturities on or after July 1, 1990, in whole at any time, or in p~rt from ~ime to ~fu~e on any interest payment date in any order determined by the City (except that if at any ~ less than all of %he Bonds of a maturity are c~lled for redemption, t_he parking]ar Bonds of such maturity to be re~med shall be selected by lot), upon payme~nt of the principal ~Dunt of the Bonds to be redeemed together with the interest accrued thereon to the date fixed for r~emp~ion plus a premi~ of one-quar~e~ of one percent (1/4 of 1%) of the principal amount of each Bond to be redeemed for each t~elve IT2) month period or fraction thereof bet~ the date fixed for redemption and the stated maturity hereof. If this Bond is rede~7~ble and shall be called for rede/qption, notice of the reden~ption hereof, specifying the date, nnm!~r and maturity of this Bond, the date and place fixed for its redemption eund the premi%ml, 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 l~nguage ~d custCr~rily published on each business day and of general circulation in %]%e City~ and once in at leas% one newspaper or financial publication printed in 'the English language ~nd cus%cmarily published on each business day in %he City of New York, New York, the date of pub- lication of such notice. J~ each case to be at least ~nirty days prior to the da~e fixed for rede~.~p~ion. If this Bond is then registered as to principal omly or as to both princmpal and interest, notice of the redemption hereof shall be mailed not less than thirty days prior to date fixed for redemption by registered m~il to the registered owner of this Bond at such owner's address as shown on the books of registry; pro~ided, however, that if ~.his Bond shall tb_~5 ~e registered ar~ notice of redempti~ is mailed as sferesaid, than notice of the r~tion hereof need not be given by publication, and if no%ice of redemption is given kS' publication as aforesaid, then if this-Bond shall then be registered ~he failure to mail such no%ice as aforesaid or any defect 6