|
270
<br /> November 25. 1997
<br />
<br /> the City, under and pursuant to and in full compliance with the Constitution of
<br /> Virginia, including Article VII, Section 10(c)(2) thereof, and the statutes of the
<br /> Commonwealth of Virgin. ia, including Chapter 5.1 of Title 15.1 of the Code of
<br /> Virginia, 1950 (the same being the Public Finance Act oft991), and the Charter of
<br /> the City, and proceedings of the Council of the City duly adopted and taken
<br /> under the Public Finance Act of 1991 and such Charter.
<br />
<br /> The Bonds of the issue of which this Bond is one maturing on and
<br />after _, (or portions thereof in installments of $5,000) are subject to
<br />redemption at the option of the City prior to their stated maturities on or after
<br /> ., , in whole or in part from time to time on any date in any order
<br />determined by the City (except that if at any time less than all of the Bonds of a
<br />given maturity are called for redemption, the particular Bonds of such maturity or
<br />portions thereof in installments of $5,000 to be redeemed shall be selected by
<br />lot), upon payment of the following redemption prices (expressed as a
<br />percentage of the principal amount of the Bonds to be redeemed), together with
<br />the interest accrued thereon tothe date fixed for the redemption thereof:
<br />
<br />Redemption Prices
<br />Redemption Dates
<br />(Both Dates Inclusive)
<br />
<br /> (Percentage
<br />of Principal Amount)
<br />
<br /> %
<br />__, to __,
<br />__, and thereafter %
<br />
<br /> If this Bond is redeemable and this Bond (or any portion of the
<br />principal amount hereof in installments of $5,000) shall be called for redemption,
<br />notice of the redemption hereof, specifying the date, number and maturity of this
<br />Bond, the date and place or places fixed for its redemption, the premium, if any,
<br />payable upon such redemption, and if less than the entire principal amount of
<br />this Bond is to be redeemed, that this Bond must be surrendered in exchange for
<br />the principal amount hereof to be redeemed and a new Bond or Bonds issued
<br />equaling in principal amount that portion of the principal amount hereof not to be
<br />redeemed, shall be mailed not less than thirty (30) days prior to the date fixed for
<br />redemption by first class mail, postage prepaid, to the Registered Owner hereof
<br />at his address as it appears on the books of registry kept by the Registrar as of
<br />the close of business on the forty-fifth (45th) day next preceding the date fixed
<br />for redemption: If notice of the redemption of this Bond shall have been given as
<br />aforesaid, and payment of the principal amount of this Bond (or the portion of the
<br />principal amount hereof to be redeemed) and of the accrued interest and
<br />premium, if any, payable upon such redemption shall have been duly made or
<br />provided for, interest hereon shall cease to accrue from and after the date so
<br />specified for the redemption hereof.
<br />
<br /> Subject to the limitations and upon payment of the charges, if any,
<br />provided in the proceedings authorizing the Bonds of the issue of which this
<br />Bond is one, this Bond may be exchanged at the office of the Registrar for a like
<br />aggregate principal amount of Bonds of other authorized principal amounts and
<br />of the same issue, interest rate and maturity. This Bond is transferable by the
<br />Registered Owner hereof, in person or by his attorney duly authorized in writing,
<br />on the books of registry kept by the Registrar for such purpose at the principal
<br />office of the Registrar but only in the manner, subject to the limitations and upon
<br />payment of the charges, if any, provided in the proceedings authorizing the
<br />Bonds of the issue of which this Bond is one, and upon the surrender hereof for
<br />cancellation. Upon such transfer a new Bond or Bonds of authorized
<br />denominations and of the same aggregate principal amount, interest rate and
<br />maturity as the Bond surrendered, will be issued to the transferee in exchange
<br />herefor.
<br />
<br />
<br />
|