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in the City of , , at the <br />• option of the bearer hereof, being the interest then due on <br />its General Improvement Bond, dated as of 1, , <br />No. <br />City Treasurer <br />11. General obligation bond anticipation notes <br />are authorized for issuance and sale by the City Manager in <br />anticipation of the issuance of the general obligation bonds <br />authorized for issuance herein. Such notes shall mature and <br />be payable within two years from their date and shall be <br />• sold at competitive or negotiated sale and on such other <br />terms and conditions as are determined by the City Manager. <br />If such notes are offered for competitive sale, a Notice of <br />Sale shall be prepared, published and distributed in <br />accordance with the requirements of, and shall be substan- <br />tially in the form, mutatis mutandi, set forth in paragraph <br />8. There shall also be prepared and distributed an Official <br />Statement relating to such notes in such form as shall be <br />approved by the City Manager. The issuance and details of <br />such notes shall be governed by the provisions of Section <br />15.1-223 of Title 15.1, Chapter 5, Article 7 of the Code of <br />Virginia, 1950, as amended. The provisions of paragraphs 4 <br />• and 6 shall apply to such notes to the same extent the same <br />-17- <br />