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October 1, 1985
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<br /> The principal of and premium, if any, and interest on
<br />this Bond are payable in such coin or currency of the United
<br />States of America as at the respective dates of payment is
<br />legal tender for public and private debts.
<br />
<br /> This Bond is one of an issue of Bonds aggregating Nine
<br />Million Eight Bundred Fifty Thousand Dollars ($9,850,000) in
<br />principal amount and issued for the purpose of providing funds
<br />to pay the cost of capital improvements, extensions and
<br />additions to the revenue-producing water and sewerage system
<br />of the City under and pursuant to and in full compliance with
<br />the Constitution and statutes of the Commonwealth of Virginia,
<br />including Article VII, Section 10(a)(2), of the Constitution
<br />of Virginia, Chapter 5 of Title 15.1 of the Code of Virginia,
<br />1950, as amended (the same being the Public Finance Act), and
<br />the Charter of the City, proceedings of the Council of the
<br />City duly adopted and taken under such Chapter 5 and such
<br />Charter, and an election of the qualified voters of the City
<br />duly held pursuant to such Chapter 5 on November 2, 1982.
<br />
<br /> The Bonds of the issue of which this Bond is one matur~Dg
<br />on and after November 1, 1996 (or portions thereof in
<br />installments of $5,000) are subject to redemption at the
<br />option of the City prior to their stated maturities on or
<br />after November 1, 1995, in whole at any time, or in part from
<br />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 />all of the Bonds of a given maturity are called for
<br />redemption, the particular Bonds of such maturity or portions
<br />thereof in installments of $5,000 to be redeemed shall be
<br />selected by lot), upon payment of the principal amount of the
<br />Bonds (or portions thereof in installments of $5,000) to be
<br />redeemed, together with the interest accrued thereon to the
<br />date fixed for redemption, plus a premium of one-quarter of
<br />one percent (1/4 of 1%) of the principal amount of each Bond
<br />(or portion of the principal amount thereof in installments of
<br />$5,000) to be redeemed for each twelve (12) month period or
<br />fraction thereof between the date fixed for redemption and the
<br />stated maturity of such Bond.
<br />
<br /> If this Bond is redeemable and this Bond (or any portion
<br />of the principal amount hereof in installments of $5,000)
<br />shall be called for redemption, notice of the redemption
<br />hereof, specifying the date, number and maturity of this Bond,
<br />the date and place or places fixed for its redemption, the
<br />premium, if any, payable upon such redemption, and if less
<br />than the entire principal amount of this Bond is to be
<br />redeemed, that this Bond must be surrendered in exchange for
<br />the principal amount hereof to be redeemed and a new Bond or
<br />Bonds issued equalling in principal amount that portion of the
<br />principal amount hereof not to be redeemed, shall be mailed
<br />not less than thirty (30) days prior to the date fixed for
<br />redemption by first class mail to the Registered Holder hereof
<br />at his address as it appears on the books of registry kept by
<br />the Registrar as of the close of business on the forty-fifth
<br />(45th) day preceding the date fixed for redemption. If notice
<br />of the redemption of this Bond shall have been given as
<br />aforesaid, and payment of the principal amount of this Bond
<br />(or the portion of the principal amount hereof to be redeemed)
<br />and of the accrued interest and premium, if any, payable upon
<br />such redemption shall have been duly made or provided for,
<br />interest hereon shall cease to accrue from and after the date
<br />so specified for the redemption hereof.
<br />
<br /> Subject to the limitations and upon payment of the
<br />charges, if any, provided in the proceedings authorizing the
<br />Bonds of the issue of which this Bond is one, this Bond may be
<br />exchanged at the principal office of the Registrar for a like
<br />aggregate principal amount of Bonds of other authorized
<br />principal amounts and of the same issue, interest rate and
<br />maturity. This Bond is transferable by the Registered Bolder
<br />hereof, in person or by his attorney duly-authorized in
<br />.~~,~_~,~,,~9~_~.~.~_e~.~ ~by the Rggistra~ for
<br />~uch purpose at t~ princip~-~ office ~'~~~-r-"~ %-~'9 ........
<br />· n the manner, subject to the limitations and upon payment of
<br />the charges, ii'any, provided in the proceedings authorizing
<br />the Bonds of the issue of which this Bond is one, and upon the
<br />surrender hereof for cancellation. Upon such transfer a new
<br />Bond or Bonds of authorized denominations and of the same
<br />aggregate Principal amount, interest rate and maturity as the
<br />Bond surrendered, will be issued to the transferee in exchange
<br />herefor.
<br />
<br /> This Bond shall not be valid or obligatory unless the
<br />certificateof~ authentication, hereon shall have been manually
<br />
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