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126 <br /> <br />October 1, 1985 <br /> <br />The principal of and premium, if any, on this Bond are <br />payable on presentation and surrender hereof at the <br />principal office of Bank of Virginia Trust Company, as <br />Registrar, in the City of Richmond, Virginia. <br /> <br /> The principal of and premium, if any, and interest <br />on this Bond are payable in such coin or currency'of the <br />United States of America as at the respective dates of <br />payment is legal tender for public and private debts. <br /> This Bond is one of an issue of Bonds aggregating <br />Twenty Million One Hundred Fifty Thousand Dollars <br />($20,150,000) in principal amount and issued for the <br />purpose of providing funds to pay the cost of various <br />public improvement projects of and for the City under <br />and pursuant to and in full compliance with the <br />Constitution and statutes of the Commonwealth of <br />Virginia, including Chapter 5 of Title 15.1 of the Code <br />of Virginia, 1950, as amended (the same being the Public <br />Finance Act), and the Charter of the City, and <br />proceedings of the Council of the City duly adopted and <br />taken under such Chapter 5 and such Charter. <br /> The Bonds of the issue of which this Bond is one <br /> maturing on and after November 1, 1996 (or portions <br /> thereof in installments of $5,000) are subject to <br /> redemption at the option of the City prior to their <br /> stated maturities on or after November 1, 1995, in whole <br /> at any time, or in part from time to time on any <br /> interest payment date in any order determined by the <br /> City (except that if at any time less than all of the <br /> Bonds of a given maturity are called for redemption, the <br /> particular Bonds of such maturity or portions thereof in <br /> installments of $5,G00 to be redeemed shall be selected <br /> by lot), upon payment of the principal amount of the <br /> Bonds (or portions thereof in installments of $5,000) to <br /> be redeemed, together with the interest accrued thereon <br /> to the date fixed for redemption, plus a premium of <br /> one-quarter of one percent (1/4 of 1%) of the principal <br /> amount of each Bond (or portion of the principal amount <br /> thereof in installments of $5,000) to be redeemed for <br /> each twelve (12) month period or fraction thereof <br /> between the date fixed for redemption and the stated <br /> maturity of such Bond. <br /> <br /> If this Bond is redeemable and this Bond (or any <br /> portion of the principal amount hereof in installments <br /> of $5,000) shall be called for redemption, notice of the <br /> redemption hereof, specifying the date, number and <br /> maturity of this Bond, the date and place or places <br /> fixed for its redemption, the premium, if any, payable <br /> upon such redemption, and if less than %~e entire <br /> principal amount of this Bond is to be redeemed, that <br /> this Bond must be surrendered in exchange for the <br /> prindipal amount hereof to be redeemed and a new Bond or <br /> Bonds issued equalling in principal amount that portion <br /> of the principal amount hereof not to be redeemedt shall <br /> be mailed not less than thirty (30) days prior to the <br /> date fixed for redemption by first class mail to the <br /> Registered Holder hereof at his address as it appears on <br /> the books of registry kept by the Registrar as of the <br /> close of business on the forth-fifth (45th) day <br /> preceding the date fixed for redemption. If notice of <br /> the redemption of this Bond shall have been given as <br /> aforesaid, and payment of the principal amount of this <br /> Bond (or the portion of the principal amount hereof to <br /> be redeemed) and of the accrued interest and premium, if <br /> any, payable upon such redemption shall have been duly <br /> made or provided for, interest hereon shall cease to <br /> accrue from and after the ~dat~ so specified for the <br /> redemption hereof. <br /> <br /> <br />