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13 Note to the date of the payment in full of the purchase price thereof is accepted. In accordance with the terms of the Proposal the Note shall bear interest at the rate per annum as set forth in paragraph 4. 3. Ail action taken to date by the officials of the City with respect to the sale of the Note, including the action of the City Manager of the City in negotiating the sale of the Note, and the actions of the Mayor, the City Manager and other officials of the City, are approved, ratified and confirmed. 4. The Note shall~be dated as of April 29, 1985; shall mature on April 28, 1986; shall be numbered R-I; notwithstanding the provisions of paragraph 3 of the Bond Ordinance shall be issued as a single fully registered note in the denomination of $9,500,000; and shall bear interest at the rate of five and eighty- five hundredths per centum (5.85%) per annum from its date (computed on the basis of a 360-day year of twelve 30-day months), payable on October 29, 1985 and at maturity. Principal of and interest on the Note shall be payable at maturity upon surrender thereof at the principal office of United Virginia Bank, Charlottesville, in Charlottesville, Virginia, or at the office of the City Treasurer of the City of Charlottesville, Virginia, by the person in whose name the Note is registered on the registration records maintained therefor by said City Treasurer. Both principal of and interest on the Note shall be payable in such coin or currency of the United States of America as at the date of payment thereof is legal tender for public and private debts. The Note shall not be subject to redemption prior to its stated maturity. 5. Notwithstanding the provisions of paragraph 3 of the Bond Ordinance, the Note shall be in substantially the following form, to wit: (FORM OF NOTE) UNITED STATES OF AMERICA COMMONWEALTH OF VIRGINIA CITY OF CHARLOTTESVILLE GENERAL IMPROVEMENT BOND ANTICIPATION NOTE No. R-1 $9,500,000 The City of Charlottesville, a municipal corporation of the Commonwealth of Virginia (the "City"), for value received, acknowledges itself indebted and hereby promises to pay to United Virginia Bank, Charlottesville, or registered assigns, on April 28, 1986, the sum of nine million five hundred thousand dollars ($9,500,00-0), upon presentation and surrender hereof together with interest hereon from the date hereof (computed on the basis of a 360-day year of twelve 30-day months) at the rate of five and eighty-five hundredths per centum (5.85%) per annum, payable on October 29, 1985 and at maturity. Both principal of and interest on this note are payable in such co~n or currency of the United States of America as at the date of payment thereof is legal tender for public and private debts, at the principal office of United Virginia Bank, Charlottesville- in the City of Charlottesville, Virginia, or at the office of the City Treasurer of the City of Charlottesville, Virginia. This Note is transferable only upon-'the registration records kept for that purpose at the office of the City Treasurer of the City of Charlottesville, Virginia, by the person in whose name this note is registered or by his or her attorney duly authorized in writing, upon surrender hereof together with a written instrument of transfer satisfactory to the City duly executed by such person or such duly authorized attorney, and thereupon the City shall issue in the name of the transferee a new fully registered note of the same aggregate principal amount and designation, matur'ity and interest rate and upon the payment of the costs of any transfer taxes or other governmental charges relating thereto. The City and United Virginia Bank, Charlottesville, ~n its capacity