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(FORM OF NOTICE OF SALE) <br />• "NOTICE OF SALE <br />E <br />• <br />CITY OF CHARLOTTESVILLE, VIRGINIA <br />GENERAL IMPROVEMENT BONDS <br />(Full Faith and Credit Obligations) <br />SEALED BIDS will be received for and on behalf of <br />the City of Charlottesville, Virginia (the "City"), until <br />_.M., Eastern <br />Time, on <br />, <br />at the Council Chambers, City Hall, Charlottesville, Virginia, <br />at which time and place the sealed bids will be opened, for <br />the purchase of <br />dollars ($ ) <br />principal amount of general obligation General Improvement <br />Bonds of the City (the "Bonds"), to be issued for the purpose <br />of providing funds to pay the cost of public improvement <br />projects of and for the City. The Bonds will be dated as of <br />11 , will be in the denomination of $5,000 each <br />and will mature serially in numerical order $ principal <br />amount of Bonds on 1 in each of the years to <br />both inclusive. The Bonds will be issued in coupon <br />form without privilege of registration. Principal of and <br />interest on the Bonds will be payable in such coin or currency <br />of the United States of America as at the respective dates <br />of payment thereof is legal tender for public and private <br />-7- <br />