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Ms • thereafter (each such date is hereinafter referred to as an "interest payment date"), from the date hereof or from the interest payment date next preceding the date of authentication to which interest shall have been paid, unless such date of authentication is an interest payment date, in which case from such interest payment date, or unless such date of authentication is within the period from the first (1st) day to the fourteenth (14th) day of the calendar month in which the following interest payment date shall occur, in which case from such following interest payment date, such interest to be paid until the maturity or redemption hereof at the Interest Rate (specified above) per annum, by check or draft mailed by the Registrar hereinafter mentioned to the Registered Owner in whose name this Bond is registered upon the books of registry of the City kept by the Registrar as of the close of business on the last day (whether or not a business day) of the calendar month next preceding each interest payment date at his address as it appears on such books of registry. The principal of and premium, if any, on this Bond are payable on presentation and surrender hereof at the principal corporate trust office of Crestar Bank, as Registrar, in the City of Richmond, Virginia. Both principal of and premium, if any, and interest on this Bond are payable in such coin or currency of the United States of America as at the respective dates of payment thereof is legal tender for public and private debts. This Bond is one of an issue of Bonds aggregating • Four Million Two Hundred Ninety Thousand Dollars ($4.290.000)* in principal amount issued for the purpose of providing funds to refund in advance of their stated maturities selected maturities of certain general obligation pubic improvement bonds heretofore issued by the City, under and pursuant to and in full compliance with the Constitution and statutes of the Commonwealth of Virginia, including Chapter 5.1 of Title 15.1 of the Code of Virginia, 1950 (the same being the Public Finance Act of 1991), the Charter of the City and an ordinance and proceedings of the Council of the City duly adopted and taken under such Chapter 5.1. REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS BOND SET FORTH ON THE REVERSE SIDE HEREOF. SUCH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH ON THE FRONT SIDE HEREOF. The Bonds of the issue of which this Bond is one (or portions of the principal amount thereof in installments of $5,000) maturing on and after July 15, 2002 shall be subject to redemption at the option of the City prior to their stated maturities, on or after July 15, 2001, in whole at any time, or in part from time to time on any interest payment date, in such order as may be determined by the City (except that if at any time less than all of the Bonds of a given maturity are called for redemption, the • particular Bonds or portions thereof in installments of $5,000 to be redeemed shall be selected by lot), upon payment of the principal amount of the Bonds to be redeemed, together with the