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April 14, 1987
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<br /> authentication is within the period from ~he sixteenth
<br /> (16th) day to the last day of the calendar month next
<br /> preceding the following interest payment date, in which case
<br /> from such following interes~ paymen~ date, such interest to
<br /> be paid until the maturity or redemption hereof a~ the
<br /> Interest Rate (specified above) per ann~, by check mailed
<br /> by the Registrar hereinafter mentioned to the Registered
<br /> Holder in whose name this Bond is registered upo~ the books
<br /> of registry of the City kept by the Registrar as of the
<br /> Close of business on the fifteenth (15th) day (whether or
<br /> not a business day) of the calendar month next p~eceding
<br /> each interest payment date at his address as it ~ppears on
<br /> such books of registry. The principal of and premium, if
<br /> any, on this Bond are payable on presentation an~ surrender
<br /> hereof at the principal corporate trust office of
<br /> , as Registrar and Paying AgenE for this
<br /> Bo~d, in the City of , Virginia.
<br />
<br /> The principal of and premium, if any, ~nd interes~
<br /> on this Bond are payable~in such cole or currenc~ of the
<br /> United States of America as at the respective ~a~es of
<br /> payment is legal tender for public anA private d~bts~
<br />
<br /> This Bond is one of an issue of Bonds ggregating
<br /> Dollars (~
<br /> ~n principal amount and issued for the purpose o~ providing
<br />funds to refund in advance of their stated maEur~tles and
<br />redeem certain outstanding public utility bonds eretofore
<br />issned by the City ~o pay the cost of capital improvements,
<br />extensi, ons and additions to the revenue-producin~ wa~er and
<br />sewerage system of the City and to pay the cost ~ f
<br />additional capital improvements, extensions and ~ ~ditions to
<br />the revenue-producing wa~er and sewerage system ~f the City,
<br />under and pursuant no and in full compliance with the
<br />Constitution and s~a~u~es of the Commonwealth of ~irginia,
<br />including Article VII, Section ~0(a) (2), of the C~nstitution
<br />of Virginia, Chapter 5 of Title-15.1 of the Code
<br />Virginia, t950, as ~ended (the same being the Public
<br />~a~ce A~.~), and the Charter of the City, proceedings of
<br />~ ~ounc~l of the City duly adopted and taken un,er suck
<br />Chapter 5 aHd such Charter, and a~ election of th~ qualified
<br />voters of the City duly held pursuant to such Cha~ter 5 on
<br />November 6, ~9~4.
<br />
<br /> The Bonds of the issue of which this Bond is one
<br /> maturing on and after (or portiohs thereof
<br /> in installments of $5,000) are subject to redemption a~ ~ne
<br /> option of the City prior to their stated maturities on Or
<br /> after
<br /> , in whole at any time, or in par~
<br />from time to time on, any interest payment ~date in any order
<br />determined by the City (except that if at ~any time less than
<br />a%l of the Bonds of a given maturity are called for ~edemp-
<br />t~on, the particular Bonds of such maturity or po~ions ·
<br />~h~reof in lnstallments of $5,000 to be redeemed Shall be
<br />selected by lot), upon payment of the principal a~oun~ of
<br />~,.the Bonds (or portions thereof in installments of $5,000) to
<br /> ~ r~edeemed, ~o~ether with the interest accrued t~ereon to
<br /> the date fixed for ~edemption, plus a premi~ of ~INSERT
<br /> ~REDE~PTION PREMIUMS].
<br />
<br />[INSERT PROVISIONS FOR MANDATORY SINKING PUND
<br />REDEMPTION, IF ANY]
<br />
<br /> If this Bond is redeemable and this Bond (or any
<br />portion of the principal ~aount hereof in installments of
<br />$5,~00) eh. att be called for redemption, notice of the
<br />redemption ~er~of, specifying the date, number and maturity
<br />of this Bond, ~the date and place or places fixed ~or its
<br />i~redemption, t~ premiam, if any, pay~bte upon such redemp-
<br />~itioa, and if ~eks than th~ entire principal amount of this
<br />.Bond ~s t~ be redeemed, that this Bond mus~ be s~endered
<br />· n exchange for the principal amount hereof to be redeemed
<br />~and a new Bon~ or Bonds issued equalling in principal amount
<br />ithat portion of the principal amount hereof not t~ be
<br />redeemed, shall be mailed not less than thirty (30) days
<br />!~pr~or to the date fixed for redemption by first c~ass ~ail
<br /> postage prepaid, to the Registered Hold~g ~ ...... '
<br /> add,ess as it appears on the books of r~i~°~e~Sthe
<br /> Registrar as ~f the close of business on the forty~fif~h
<br /> (45th) day preceding the date fixed for redemption. I~
<br /> notice of the redemption of this Bond shall have b~en given
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<br />259
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