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n LI L -7 - calculated on the basis of a three hundred and sixty day (360) year comprised of twelve (12) thirty (30) days months. The principal of and premium, if any, on this Bond are payable on presentation and surrender hereof at the office of the Director of Finance of the City, as Registrar, in the City of Charlottesville, Virginia. The 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 a series of Bonds of like date, tenor and denomination except as to number, interest rate and maturity issued for the purpose of providing funds to pay the cost of various public improvement projects of and for the City, under and pursuant to and in full compliance with the Constitution and statutes of the Commonwealth of Virginia, including Chapter 26 of Title 15.2 of the Code of Virginia, 1950 (the same being the Public Finance Act of 1991) and an ordinance and other proceedings of the Council of the City duly adopted and taken under the Public Finance Act of 1991. The Bonds of the series of which this Bond is one (or portions of the principal amount thereof in installments of $5,000 or any integral multiple thereof) maturing on and after are subject to redemption at the option of the City prior to their stated maturities, on or after , , in whole, or in part from time to time on any 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 of such maturity or portions thereof in installments of $5,000 to be redeemed shall be selected by lot), upon payment of the following redemption prices (expressed as a percentage of the principal amount of the Bonds to be redeemed), together with the interest accrued thereon to the date fixed for redemption: Redemption Dates (Both Dates Inclusive) to to and thereafter Redemption Prices (Percentage of Principal Amount) [The Bonds of the series of which this Bond is one maturing on are subject to mandatory sinking fund redemption on _ and to payment at maturity on _ in the principal amounts in each year set forth below, in the case of redemption with the particular Bond or Bonds or portions thereof to be redeemed to be selected by lot, upon payment of the principal amount of the Bonds to be redeemed, together with the interest accrued on the principal amount to be redeemed to the date fixed for the redemption thereof: 341373.2 021945 ORD