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VIRGINIA, TO BE
<br />DESIGNATED " GENERAL
<br />IMPROVEMENT BONDS,
<br />1975''
<br />(HEREINAFTER CALLED
<br />THE '' BONDS'' ).
<br />THE BONDS SHALL BE DATED
<br />AS OF SUCH DATE
<br />FIXED BY
<br />THE CITY MANAGER IN
<br />ACCORDANCE WITH
<br />SECTION 4 HEREOF; SHALL
<br />BE OF THE DENOMINATION
<br />OF
<br />$5,000 EACH; SHALL BE
<br />GENERAL IMPROVEMENT BOND, 1975
<br />•
<br />RATES
<br />•
<br />NUMBERED FROM 1
<br />UPWARDS IN ORDER OF MATURITY;
<br />SHALL BEAR
<br />INTEREST
<br />AT SUCH RATE OR
<br />THE CITY
<br />AS MAY BE DETERMINED
<br />BY RESOLUTION OF
<br />THIS COUNCIL AT THE
<br />TIME OF
<br />SALE THEREOF, PAYABLE
<br />COMMENCING SIX
<br />MONTHS FROM THE DATE OF
<br />THE BONDS AND SEMI-ANNUALLY
<br />EACH SIX MONTHS
<br />PRESENTATION
<br />THEREAFTER; AND
<br />SHALL MATURE SERIALLY
<br />IN NUMERICAL ORDER
<br />WITHOUT
<br />OPTION OF PRIOR REDEMPTION
<br />(
<br />ON THE ANNIVERSARY
<br />DATE OF THE BONDS
<br />IN EACH OF THE YEARS
<br />AND IN
<br />THE PRINCIPAL AMOUNTS
<br />THE PRESENTATION AND SURRENDER OF THE COUPONS HERETO ATTACHED AS THEY
<br />AS FOLLOWS:
<br />PRINCIPAL
<br />PRINCIPAL
<br />YEAR
<br />AMOUNT
<br />YEAR
<br />AMOUNT
<br />1976
<br />$150,000
<br />1986
<br />$150,000
<br />1977
<br />150,000
<br />1987
<br />150,000
<br />1978
<br />150,000
<br />1988
<br />150,000
<br />1979
<br />150,000
<br />1989
<br />150,000
<br />1980
<br />150,000
<br />1990
<br />150,000
<br />1981
<br />150,000
<br />1991
<br />150,000
<br />1982
<br />150,000
<br />1992
<br />150,000
<br />1983
<br />150,000
<br />1993
<br />150,000
<br />1984
<br />150,000
<br />1994
<br />150,000
<br />•
<br />1985
<br />150,000
<br />1995
<br />150,000
<br />BOTH PRINCIPAL OF AND INTEREST ON THE BONDS SHALL BE PAYABLE AT THE OFFICE OF THE CITY
<br />TREASURER OF THE CITY OF CHARLOTTESVILLE, VIRGINIA, OR, AT THE OPTION OF THE HOLDERS
<br />OF THE BONDS AND THE COUPONS PERTAINING THERETO, AT THE PRINCIPAL OFFICE OF VIRGINIA
<br />NATIONAL BANK, IN CHARLOTTESVILLE, VIRGINIA, OR AT THE PRINCIPAL OFFICE OF CHEMICAL
<br />BANK, IN NEW YORK, NEW YORK.
<br />THE BONDS SHALL BE ISSUED IN BEARER FORM WITH PRIVILEGE OF REGISTRATION. THE BONDS
<br />SHALL BE EXECUTED BY THE FACSIMILE SIGNATURES OF THE MAYOR AND CITY TREASURER AND A
<br />FACSIMILE OF THE SEAL OF THE CITY SHALL BE IMPRINTED THEREON, ATTESTED BY THE MANUAL
<br />SIGNATURE OF THE CLERK OF THE COUNCIL. THE BONDS SHALL HAVE COUPONS FOR INTEREST
<br />ATTACHED, WHICH COUPONS SHALL BE EXECUTED WITH THE FACSIMILE SIGNATURE OF THE CITY
<br />TREASURER. THE EXECUTION OF THE BONDS AND COUPONS IN THE MANNER ABOVE SET FORTH IS
<br />HEREBY ADOPTED AS A DUE AND SUFFICIENT AUTHENTICATION OF THE BONDS AND COUPONS.
<br />THE BONDS AND THE COUPONS PERTAINING THERETO SHALL BE SUBSTANTIALLY IN THE
<br />FOLLOWING FORMS, TO -WIT:
<br />SEVERALLY BECOME DUE, BOTH PRINCIPAL AND INTEREST BEING PAYABLE IN SUCH LAWFUL CURRENCY OF
<br />THE UNITED STATES WHICH AT THE TIME OF PAYMENT IS LEGAL TENDER FOR PUBLIC AND PRIVATE DEBTS.
<br />BOTH PRINCIPAL OF AND INTEREST ON THIS BOND ARE PAYABLE AT THE OFFICE OF THE CITY TREASURER
<br />OF THE CITY OF CHARLOTTESVILLE, IN CHARLOTTESVILLE, VIRGINIA, OR, AT THE OPTION OF THE
<br />HOLDER OF THIS BOND OR SAID COUPONS, AT THE PRINCIPAL OFFICE OF _
<br />IN CHARLOTTESVILLE, VIRGINIA, OR AT THE PRINCIPAL OFFICE OF '
<br />(FORM OF COUPON BOND)
<br />UNITED STATES OF AMERICA
<br />COMMONWEALTH OF VIRGINIA
<br />CITY OF CHARLOTTESVILLE
<br />GENERAL IMPROVEMENT BOND, 1975
<br />•
<br />$5,000
<br />No.
<br />THE CITY
<br />OF CHARLOTTESVILLE, FOR VALUE RECEIVED, HEREBY PROMISES TO PAY TO
<br />BEARER
<br />ON THE FIRST
<br />DAY OF , 19_ , THE PRINCIPAL SUM OF
<br />FIVE THOUSAND DOLLARS ($5,000)
<br />ON THE
<br />PRESENTATION
<br />AND SURRENDER OF THIS BOND, AND TO PAY INTEREST ON SAID SUM FROM THE
<br />DATE HEREOF UNTIL PAYMENT
<br />OF SAID SUM IN FULL, AT THE RATE OF PER CENTUM
<br />(
<br />%) PER
<br />ANNUM, PAYABLE SEMI-ANNUALLY ON THE FIRST DAY OF AND
<br />ON
<br />THE PRESENTATION AND SURRENDER OF THE COUPONS HERETO ATTACHED AS THEY
<br />SEVERALLY BECOME DUE, BOTH PRINCIPAL AND INTEREST BEING PAYABLE IN SUCH LAWFUL CURRENCY OF
<br />THE UNITED STATES WHICH AT THE TIME OF PAYMENT IS LEGAL TENDER FOR PUBLIC AND PRIVATE DEBTS.
<br />BOTH PRINCIPAL OF AND INTEREST ON THIS BOND ARE PAYABLE AT THE OFFICE OF THE CITY TREASURER
<br />OF THE CITY OF CHARLOTTESVILLE, IN CHARLOTTESVILLE, VIRGINIA, OR, AT THE OPTION OF THE
<br />HOLDER OF THIS BOND OR SAID COUPONS, AT THE PRINCIPAL OFFICE OF _
<br />IN CHARLOTTESVILLE, VIRGINIA, OR AT THE PRINCIPAL OFFICE OF '
<br />
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