|
77
<br />
<br /> The Bonds of the series of which this Bond is one maturing
<br />on and after August 1, 1996 (or portions thereof in installments
<br />of $5,000) are subject to redemption at the option of the City
<br />prior to their stated maturities at any time on or after August
<br />1, 1995, in whole or in part from time to time in such order as
<br />may be determined by the City (except that if at any time less
<br />than all of the Bonds of a given maturity are called for redemption,
<br />the particular Bonds of such maturity or portions thereof in
<br />installments of $5,000 to be redeemed shall be selected by lot),
<br />upon payment of the principal amount of the Bonds (or portions
<br />thereof in installments of $5,000), together with the interest
<br />accrued thereon to the date fixed for redemption, plus a premium
<br />of 1/4 of 1% of the principal amount of each Bond (gr portion
<br />of the principal amount thereof in installments of $5,~000) to be
<br />redeemed for each twelve (12) month periof or fraction thereof
<br />between the date fixed for redemption and the stated maturity date
<br />of such Bond.
<br />
<br /> If this Bond is redeemable and this Bond (or any portion of
<br />the principal amount hereof in installments of ~5,000) shall be
<br />called for redemption, notice of the redemption hereof, specifying
<br />the date, number and maturity of this Bond, the date and place or
<br />places fixed for its redemption, the premium, if any, payable
<br />upon such redemption, and if less than the entire principal amount
<br />of this Bond is to be redeemed, that this Bond must be surrendered
<br />in exchange for the principal amount hereof to'be redeemed and
<br />the issuance of a new Bond equalling in principal amount that
<br />portion of the principal amount hereof not redeemed, shall be
<br />mailed not less than thirty (30) days prior to the date fixed
<br />for redemption, by registered or certified mail, to the Registered
<br />Holder hereof at his address as it appears on the books of
<br />registry kept by the Registrar as of the close of business on
<br />the forty-fifth (45th) day preceding the date fixed for redemption.
<br />If notice of the redemption of this Bond shall have been given
<br />as aforesaid, and payment of the principal amount of this
<br />Bond (or the portion of the principal amount hereof to be
<br />redeemed) and of the accrued interest and premium, if any,
<br />payable upon such redemption shall have been duly made or
<br />provided for, interest hereon shall cease from and after the
<br />date so specified for the redemption hereof.
<br />
<br /> Subject to the limitations and upon payment of' the charges,
<br />if any, provided in the proceedings authorizing the Bonds of
<br />the series of which this Bond is one, this Bond may be exchanged
<br />at the principal office of the Registrar for a like aggregate
<br />principal amount of Bonds of other authorized principal amounts
<br />and of the same series, interest rate and maturity.. This Bond
<br />is transferable by the Registered Holder hereof, in person or
<br />by his attorney duly authorized in writing, at the principal
<br />office of the Registrar but only in the manner, subject to the
<br />limitations and upon payment of the charges, if any, provided
<br />in the proceedings authorizing the Bonds of the series of which
<br />this Bond is one, and upon the surrender hereof for cancellation.
<br />Upon such transfer a new Bond or Bonds of authorized denominations
<br />and of the same aggregate principal amount, series, interest rate
<br />and maturity as the Bond surrendered, will be issued to the
<br />transferee ~n exchange herefor.
<br />
<br /> The full faith and credit of the City are irrevocably
<br />pledged to the punctual payment of the principal of and interest
<br />on this Bond as the same become due.
<br />
<br /> It is certified, recited and declared that all acts,
<br />conditions and things .required to exist, happen or be performed
<br />precedent to and in the ~ssuance of this Bond do exist, have
<br />happened and have been performed in due time, form and manner
<br />as required by law, and that the amount of this Bond, toget~her
<br />with all other indebtedness of the City does not exceed any
<br />limitation of indebtedness prescribed by the Constitution or
<br />statutes of the Commonwealth of Virginia or the Charter of the
<br />City.
<br />
<br />
<br />
|