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March 24, 1993
<br />
<br /> The principal of and premimn, ff any, ~ interest on this Bond are payable in
<br />such coin or currency of the United States of America ~s at the respective dates of payment is
<br />legal tender for public andprivate debts.
<br />
<br /> This Bond is one of an issue of Bonds aggregating Tweuty-One Million Two
<br />Hundred Eighiy-Five Thousand Dollars ($21,285,000) ~n principal amotm~ and issued for the
<br />purpose of providing funds to refund in advance of th.~. stated maturities and redeem certain
<br />outstanding general obligation public utility bonds heret(ifore issued by the City to pay the cost
<br />of capital improvements, extensions and additions to the
<br />
<br />system of the City, under and pursuant to and in full c
<br />Commonwealth of Virginia, including Article VII, Sect
<br />Commonwealth of Virginia, and the statutes of the (
<br />Chapter 5.1 of Title 15.1 of the Code of Vir~nla, 1950
<br />~ken1991), and the Chatter of the City, proceedings of th
<br /> under such Chapter 5.1 and such Charter.
<br />
<br /> The Bonds of the issue of which this Boz
<br />[, 2004 (or portions thereof in installments of $5,000)
<br />)f the City prior to their stated maturities on or after At
<br />n part from time to time an any interest payment dat~
<br />~xeept that if at any time less than all of the Bond
<br />edemption, the particular Bonds of such maturity or po:
<br />o be redeemed shall be selected by lot)~ upon payme
<br />expressed as a percentage of the principal amount of B,
<br />nterest accrued thereon to the date fixed for the redem
<br />
<br /> Redemption Dates
<br />(Both Dates Inclusive)
<br />
<br />revenue-producing water and sewerage
<br />)mpliance with the Constitution of
<br />on 10(a)(2), of the Constitution of the
<br />:ommonwealth of Virginia, including
<br />~he same being the Public Finance Act
<br />; Council of the City duly adopted and
<br />
<br />~ is one maturing on and after August
<br />Xe subject to redemption at the option
<br />gust 1, 2003, in whole at any time, or
<br />in any order determined by the City
<br />of a given maturity are called for
<br />ions thereof in installments of $5,000
<br />t of the following redemption prices
<br />tds to be redeemed), together with the
<br />ion thereof:
<br />
<br />Redemption Prices
<br />(Percentage
<br />f Princiml Amount)
<br />
<br />August 1, 2003 to July 31, 2004
<br />August 1, 2004 to Jul~ 31, 2005
<br />August 1, 2005 and thereafter
<br />
<br />102 %
<br />i01
<br />100
<br />
<br /> The Bonds of the issue of which this Pot
<br />shall be subject %o mandatory sinking fund redemption c
<br />~ch year thereafter to mamrlty in the principal amounts
<br />~axficalar Bond or Bonds or potions thereof to be
<br />redemption lXice equal to 100% of the principal amoun
<br />with the interest accreed on the principal amount to
<br />redemption thereof:
<br />
<br /> Year
<br /> /August D
<br />
<br />2010
<br />2011
<br />2012
<br />2013'
<br />
<br /> he City, at its option, may credit against such mandaror.
<br /> ~e princip~ amount of any Bonds of the issue of whicl
<br /> ,2013 w~dh have been purchased and cancelled by the
<br /> at theretofure applied as a credit against such inundator
<br />
<br /> The Bonds of the ~sue of which this BOn
<br />mil be subject to mandatory sinking fund redemption o:
<br />tch year there,, er to maturity in the principal amounts
<br />uricular Bond or Bonds or pdrtions thereof to be ~,
<br />temption price equal to 100% of the principal amount ~
<br />,~,fith the intexest accrued on the principal mount to tx
<br />redemption t~ereef:
<br />
<br /> Year
<br />(Aueust 1)
<br />
<br />2014
<br />2015
<br />2016
<br />2017
<br />2018
<br />2019'
<br />
<br />is one maturing on August 1, 2013
<br />August 1, 2010 and on August I of
<br />t~/each year set forth below, with the
<br />.~lected by lot, upon payment of a
<br />,f the Bonds to be redeemed, together
<br />redeemed to the ~te fixed for the
<br />
<br />Princ'~:~Amouut
<br />
<br />$845,000
<br /> 865,000
<br /> 920,000
<br /> 420,000
<br />
<br />;inking fund redemption requiremem,
<br />~ds Bond is one maturing on August
<br />ity or which have been redeemed and
<br />inking feud redemption requirement.
<br />
<br />is one maturing on August I, 2019
<br />August 1, 2014 and on August I of
<br />1 each year set forth below, with the
<br />flected by lot, upon payment of a
<br />£ the Bonds to be redeemed, together
<br />redeemed to the date fixed for the
<br />
<br />Princi,:al Amount
<br />
<br />$585,000
<br />620,000
<br />655,900
<br />690,000
<br />730,000
<br />770,000
<br />
<br />
<br />
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