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of this Bond; provided that as long as Cede & Co. is the registered owner of this Bond, interest shall be paid by wire transfer. All interest payments shall be made to the registered owner as it appears on the registration books kept by the Registrar on the [fifteenth] day of the month [preceding] each interest payment date. This Bond is one of a series of $ General Obligation Refunding Bonds, Series 2009_, of the City ("Bonds") of like date and tenor, except as to number, denomination, rate of interest and maturity, issued under the authority of and in full compliance with the Constitution and statutes of the Commonwealth of Virginia, and, more particularly, issued pursuant to the Public Finance Act of 1991, Chapter 26 of Title 15.2 of the Code of Virginia of 1950, as amended, and an Ordinance adopted by the City Council on October 27, 2009 ("Ordinance"). The Bonds, including this Bond, have been duly authorized by the City Council and issued for the purposes of financing the acquisition, construction and equipping of a replacement waterline to serve the Prentis Park Section of the City. The full faith and credit of the City are irrevocably pledged for the payment of the principal of and premium, if any, and interest on this Bond in accordance with its terms. Bonds maturing on or before , 20_ are not subject to redemption before maturity. Bonds at the time outstanding which are stated to mature on or after , 20_ may be redeemed before their maturities on or after , 20_ at the option of the City in whole or in part (in installments of $5,000) at any time or from time to time during the following redemption periods upon payment of the following redemption prices (expressed as a percentage of the principal amount to be redeemed) together with the interest accrued thereon to the date fixed for redemption: -2-