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<br /> registered owner as it appears on the registration books kept by the Registrar on the [fifteenth] <br /> day of the month [preceding] each interest payment date. <br /> This Note has been duly authorized by an Ordinance adopted by the City Council on <br /> December 9, 2008 ("Ordinance"), and is issued under the authority of and in full compliance <br /> with the Constitution and statutes of the Commonwealth of Virginia, and, more particularly, <br /> issued pursuant to the Public Finance Act of 1991, Chapter 26 of Title 15.2 of the Code of <br /> Virginia of 1950, as amended, in order (i) to finance or refinance various capital improvement <br /> projects which may include one or more of the following: public utility improvements, drainage <br /> and street improvements, education/school improvements, economic development projects, <br /> leisure services improvements, public safety improvements, parking facilities improvements, and <br /> municipal facilities improvements; and (ii) to pay the costs of issuing this Note. <br /> The full faith and credit of the City are irrevocably pledged for the payment of the <br /> principal of and premium, if any, and interest on this Note in accordance with its terms. <br /> [On or after _, 20_, this Note may be redeemed before its maturity at the <br /> option of the City in whole or in part on any or _ without penalty or <br /> - premium upon payment of the outstanding principal amount of this Note to be redeemed together <br /> with the interest accrued thereon to the date fixed for redemption.] <br /> [The outstanding principal balance of this Note shall be equal to $ , less the <br /> aggregate amount of any redemptions of principal which may have been made on this Note. No <br /> notation is required to be made on this Note of the redemption of principal. HENCE, THE <br /> F ACE AMOUNT OF THIS NOTE MAY EXCEED THE PRINCIPAL SUM REMAINING <br /> OUTSTANDING AND DUE HEREUNDER.] <br /> -2- <br />