Laserfiche WebLink
<br />of this Bond; provided that as long as Cede & Co. is the registered owner of this Bond, interest <br /> <br /> <br />shall be paid by wire transfer. All interest payments shall be made to the registered owner as it <br /> <br /> <br />appears on the registration books kept by the Registrar on the [fifteenth] day of the month <br /> <br /> <br />[preceding] each interest payment date. <br /> <br />This Bond is one of a series of $ General Obligation Public Improvement <br /> <br /> <br />and Refunding Bonds, Series 2013_, of the City ("Bonds") of like date and tenor, except as to <br /> <br /> <br />number, denomination, rate of interest and maturity, issued under the authority of and in full <br /> <br /> <br />compliance with the Constitution and statutes of the Commonwealth of Virginia, and, more <br /> <br /> <br />particularly, issued pursuant to the Public Finance Act of 1991, Chapter 26 of Title 15.2 of the <br /> <br /> <br />Code of Virginia of 1950, as amended, and an Ordinance adopted by the City Council on <br /> <br /> <br />April 23, 2013 (the "Ordinance"). <br /> <br /> <br />The Bonds, including this Bond, have been duly authorized by the City Council and <br /> <br /> <br />issued for the purposes of refunding, redeeming, and/or defeasing [prior City obligations] and <br /> <br />paying the costs of issuing the Bonds. <br /> <br />The full faith and credit of the City are irrevocably pledged for the payment of the <br /> <br />principal of and premium, if any, and interest on this Bond in accordance with its terms. The <br /> <br />City Council shall levy an annual ad valorem tax upon all property in the City subject to local <br /> <br /> <br />taxation sufficient to pay the principal of and premium, if any, and interest on this Bond as the <br /> <br /> <br />same shall become due for payment unless other funds are lawfully available and appropriated <br /> <br /> <br />for the timely payment hereof. <br /> <br />Bonds maturing on or before , 20_ are not subject to redemption before <br /> <br />maturity. Bonds at the time outstanding which are stated to mature on or after , 20_ <br /> <br />may be redeemed before their maturities on or after , 20_ at the option of the City in <br /> <br />-2- <br />