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• payment date. [To be substituted if the interest payment date is the 15th day of the month: Such interest is payable on each interest payment date by check mailed by the Registrar hereinafter mentioned to the Registered Owner hereof at his address as it appears on the books of registry 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.] 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 an issue of Bonds aggregating Dollars ($ ) in principal amount issued for the purpose of providing funds to pay the cost of various public improvement projects of and for the City and to refund in advance of their stated maturities certain outstanding issues of general obligation bonds of 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 a resolution and proceedings of the Council of the City duly adopted and taken under the Public Finance Act of 1991. The Bonds of the issue 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 1 , in whole or in part 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 the redemption thereof: • Period During Which Redeemed Redemption Price (Both Dates Inclusive) (Percentage of Principal Amount) If this Bond is redeemable and this Bond (or any portion of the principal amount hereof in installments of $5,000) shall be called for redemption, notice of the redemption hereof, specifying the date, number and maturity of this Bond, the date and place or places fixed for its A-2 461132.3 027341 RES