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• (FORM OF NOTICE OF SALE) <br />"NOTICE OF SALE <br />CITY OF CHARLOTTESVILLE, VIRGINIA <br />PUBLIC IMPROVEMENT BONDS, SERIES <br />NOTICE IS HEREBY GIVEN that sealed bids will be <br />received by the City Council of the City of Charlottesville, <br />Virginia (the "City"), for the purchase of all but not less than <br />all of an issue of Public Improvement Bonds of the city, <br />hereinafter described, until _.M., Virginia time, on <br />19 <br />at the City Council Chambers of the second floor of City Hall, <br />7th & Main Streets, Charlottesville, Virginia 22902, at which <br />time and place the sealed bids will be opened. The Bonds will be <br />awarded to the successful bidder therefor at Virginia <br />time, on such date. <br />The Bonds being offered for sale are: <br />dollars ($ ) general obligation <br />• Pubic Improvement Bonds, Series , dated as of <br />1, payable in annual installments of dollars <br />($ ) each on in each of the years to <br />both inclusive. The Bonds will be in fully registered <br />form in the denomination of $5,000 each or any integral multiple <br />thereof; and will bear interest from their date payable on <br />and semiannually on each and <br />thereafter to the maturity date thereof. <br />Principal of and premium, if any, and interest on the <br />Bonds will be payable in such coin or currency of the United <br />States of America as at the respective dates of payment thereof <br />is legal tender for public and private debts. The principal of <br />and the premium, if any, on the Bonds is payable at the principal <br />corporate trust office of , in the City of , <br />, Registrar and Paying Agent for the Bonds. Interest <br />on the Bonds will be payable by check or draft mailed by the <br />Registrar and Paying Agent to the registered owners of the Bonds <br />at their respective addresses as such addresses appear on the <br />books of registry kept by the Registrar as of the <br />day of the calendar month next preceding each interest payment <br />date. <br />The Bonds maturing on and after , <br />(or portions thereof in installments of $5,000) shall be subject <br />to redemption at the option of the City prior to their stated <br />• maturities, on or after in whole at any <br />time, or in part from time to time on any interest payment date, <br />