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76 <br /> <br />(FORM OF BOND) <br /> <br />UNITED STATES OF AMERICA <br />COMMONWEALTH OF VIRGINIA <br /> CITY OF CHARLOTTESVILLE <br />GENERAL IMPROVEMENT BOND <br /> <br />No. R- _ $ <br /> <br />INTERE ST MATUR I TY ORI G INAL <br />RATE: DATE: ISSUE DATE: CUSIP <br /> <br />REGISTERED HOLDER: <br />PRINCIPAL SUM: <br /> <br />DOLLARS <br /> <br /> The City of Charlottesville, a municipal corporation <br />of the Commonwealth of Virginia (the "City"), for value <br />received, acknowledges itself indebted and hereby promises <br />to pay to the Registered Holder (named above), or <br />registered assigns, on the Maturity Date (specified above), <br />unless this Bond shall have been duly called for previous <br />redemption and payment of the redemption price duty made <br />or provided for, the Principal Sum (specified above), and <br />to pay interest on such Principal Summon the first day of <br />February, 1986 and semiannually on the first day of August <br />and on the first day of February of each year thereafter <br />(each such date is hereinafter referred to as an "interest <br />payment date"), from the date hereof or from the interest <br />payment date next preceding the date of authentication <br />hereof to which interest shall have been paid, unless such <br />date of authentication is an interest payment date, in which <br />case, from such interest payment date, or unless such date <br />Of authentication is within the period from the sixteenth <br />(16th) day to the last day of the calendar month next <br />preceding the following interest payment date, in which <br />case from such following interest payment date, such interest <br />to be paid until the maturity or redemption hereof at the <br />Interest Rate (specified above) per annum by check mailed <br />by the Registrar hereinafter mentioned to the Registered <br />Holder' in whose name this Bond is registered upon the books <br />of registry of the City kept by the Registrar as of the <br />close of business on the fifteenth (1Sth) day (whether or <br />nos a business day) of the.calendar month next preceding <br />each interest payment date at his address as it appears on <br />such books of registry. The principal of and premium, if <br />any, on this Bond are payable on presentation and-surrender <br />hereof at the principal office of United Virginia Bank, as <br />Registrar, in the City of Richmond, Virginia. Both <br />prmncipat of and premium, if any, and interest on this Bond <br />are payable in such coin or currency of the United States <br />of America as at the respective dates of payment thereof <br />is legal tender for public and private debts. <br /> <br /> This Bond is one of a series of Bond aggregating <br />Five Million dollars ($S,000,000) in principal amount <br />issued for the purpose of providing funds to pay the cost <br />of public improvement project's of and for the City, including <br />the retirement of bond anticipation notes heretofore issued <br />for such purpose, under and pursuant to_and in fUll <br />compliance with the Constitution and statutes of the <br />Commonwealth of Virginia, including Chapter 5 of Title 15.1 <br />of the Code of Virginia, 1950, as amended (the same being <br />the Public Finance Act), the Charter or. the City, as <br />amended, and ordinances and proceedings of the Council of <br />the City duly adoPted and taken under such Chapter S. <br /> <br /> THE TERMS AND PROVISIONS OF THIS BOND ARE CONTINUED <br />ON THE REVERSE HEREOF AND SUCH CONTINUED TERMS AND <br />CONDITIONS SHALL, FOR ALi PURPOSES, HAVE THE SAME EFFECT <br />AS THOUGH FULLY SET FORTH AT THIS PLACE. <br /> <br /> <br />