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The Bond is hereby authorized to be issued under the City Charter and the 'Act, subject to <br />approval of the rate or rates of interest thereon to be provided for in a supplemental ordinance of the <br />Council. Principal of, and interest on, the Bond shall be payable in lawful money of the United <br />States of America. For as long as the VKA or VRA's assignee is the registered owner of this Bond, <br />principal of and interest on the Bond shall be payable at the principal office of the VRA or to the <br />VKA' s assignee. <br /> <br /> The Bond shall be printed, lithographed or typewritten and shall be substantially in the form <br />herein below set forth, with such appropriate variations, omissions and insertions as are permitted or <br />required by this Ordinance and the Financing Agreement, including such variations, insertions and <br />omissions as shall be necessary to issue the Bond under a system of book-entry for recording the <br />ownership and transfer of ownership of rights to rece'rve payments of prindpal of and interest on the <br />Bond and may have endorsed thereon such legends or text as may be necessary or appropriate to <br />conform to any applicable roles and regulations of any governmental authority or any usage or <br />requirement of law with respect thereto. <br /> <br /> Additional Bonds secured equally and ratably with the Bond may be issued from time to <br />time under the conditions, limitations and restrictions set forth in this Ordinance and the Financing <br />Agreement to finance the cost of the completion of the Project, the acquisition or construction of <br />improvements, extensions, additions and replacements to the System, or to refund this Bond and <br />Additional Bonds, or for any or all of such purposes. <br /> <br /> If any principal of; or interest on, the Bond is not paid when due (whether at maturity, by <br />acceleration or call for redemption, or otherwise), then, to the extent permitted by law, the overdue <br />installments of principal shall bear interest until paid at the same rate as set forth in the Bond. <br /> <br /> The Bond shall be signed by the facsimile or manual signature of the Mayor. The facsimile <br />of the City's seal shall be printed thereon or manually impressed thereon and attested by the <br />facsimile or manual signature of the Clerk. In case any officer whose signature or facsimile of <br />whose signature shall appear on the Bond shall cease to be such officer before delivery of the Bond, <br />such signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if <br />he remained in office until such delivery. The Bond may bear the facsimile signature of or may be <br />signed by such persons as at the actual time of the execution thereof shall be the proper officers to <br />sign the Bond although on the date of delivery of the Bond such persons may not have been such <br />officers. <br /> <br /> The Bond shall bear a certificate ofauthentication, in the form set forth below, duly <br />executed by the Registrar. The Registrar shall authenticate the Bond with the signature of an <br />authorized officer of the Registrar. Only the authenticated Bond shall be entitled to any right or <br />benefit under this Ordinance, and such certificate on the Bond issued hereunder shall be conclusive <br />evidence that the Bond has been duly issued and is secured by the provisions hereof. <br /> <br /> The transfer of the Bond may be registered only on the books kept for the registration and <br />registration of transfer of the Bond upon surrender thereof to the RegisWar together with an <br />assignment duly executed by the registered holder in person or by his duly authorized attorney or <br />legal representative in such form as shall be satisfactory to the Registrar. Upon any such transfer, <br /> <br /> <br />