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• to issue and sell its notes therefor (the "Notes"). The proceeds from the sale of the Notes shall be used for the purposes for which the Bonds have been authorized. 3. The Notes shall be issued in bearer form, without privilege of registration, shall be dated the date of their issuance, shall mature less than one year from their date, without privilege of prior redemption, shall bear interest at a rate not to exceed 108 per annum, payable semi-annually, shall be in the denominations of $25,000 each or whole multiples thereof and shall be numbered from 1 upwards consecutively. The Notes shall be in substantially the form attached hereto as Exhibit A. 4. The Mayor of the City and the Clerk of the Council are hereby authorized and directed to execute the Notes, and to affix the seal of the City thereto. The manner of execution and affixation of the seal may be by facsimile, provided, however, that if the signatures of the Mayor and Clerk are both by facsimile, the Notes shall not be valid until signed at the foot thereof by the manual signature of a trustee or paying agent. 5. The officers and agents of the City are hereby authorized and directed to assist in preparing, executing, and delivering an appropriate official statement or such other disclosure documents as may be necessary to expedite the sale of the Notes and to perform all acts and do all things required by • the Notes and by this Ordinance for the full, punctual and complete performance of all the terms, covenants, provisions and agreements contained in the Notes and in the Ordinance and all such actions heretofore taken are hereby approved, ratified and confirmed. 6. The full faith and credit of the City are hereby pledged to the payment of principal of and interest on the Notes. The Council shall, if necessary, levy an annual tax upon all property in the City, subject to local taxation, to pay the principal of and interest on the Notes as the same shall become due for payment. The proceeds from the issuance and sale of the Bonds are hereby pledged to the payment of principal of and interest on the Notes. 7. The Mayor and other officers and agents of the City are hereby authorized and directed to take such further action as they deem necessary regarding the issuance and sale of the Notes and all actions taken by the Mayor and other officers and agents of the City in connection with the issuance and sale of the Notes are hereby ratified and confirmed. 8. The appropriate officers or agents of the City are hereby authorized and directed to file a certified copy of this Ordinance with the Circuit Court of the City of Charlottesville, Virginia pursuant to Sections 15.1-212 and 15.1-199 of the Code • and to publish within ten days after such filing in a newspaper of general circulation in the City a notice setting forth in