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<br />. ... <br /> <br />. . <br /> <br />. <br /> <br />issued on account of such revenue-producing undertaking shall be included in determining the <br /> <br />limitation on the power of the City to incur indebtedness. <br /> <br />This Bond is one of a series of $ <br /> <br />General Obligation Public Utility <br /> <br />Refunding Bonds, Series 2005B of the City ("Bonds") of like date and tenor, except as to <br /> <br />number, denomination, rate of interest and maturity, issued under the authority of and in full <br /> <br />compliance with the Constitution and statutes of the Commonwealth of Virginia, and, more <br /> <br />particularly, issued pursuant to the Public Finance Act of 1991, Chapter 26 of Title 15.2 of the <br /> <br />Code of Virginia of 1950, as amended, and an Ordinance adopted by the City Council on <br /> <br />, 2005 ("Ordinance"). <br /> <br />Bonds maturing on or before <br /> <br />, 20_ are not subject to redemption before <br /> <br />maturity. Bonds at the time outstanding which are stated to mature on or after <br /> <br />,20 <br /> <br />. <br /> <br />may be redeemed before their maturities on or after <br /> <br />, 20_ at the option of the City in <br /> <br />whole or in part (in installments of $5,000) at any time or from time to time during the following <br /> <br />redemption periods upon payment of the following redemption prices (expressed as a percentage <br /> <br />of the principal amount to be redeemed) together with the interest accrued thereon to the date <br /> <br />fixed for redemption: <br /> <br />Redemption Period <br />(both dates inclusive) <br /> <br />Redemption Price <br /> <br />, 20_ through <br />, 20_ through <br />,20_ and thereafter <br /> <br />,20_ <br />,20 <br /> <br />% <br />% <br />% <br /> <br />If less than all of the Bonds are called for redemption, the maturities of the Bonds to be <br /> <br />redeemed shall be selected by the Chief Financial Officer of the City in such manner as such <br /> <br />officer may deem to be in the best interest of the City. If less than all of the Bonds of any <br /> <br />. <br /> <br />-3- <br /> <br />