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"FORM OF BOND" <br /> <br />No. R-1 <br /> <br /> UNITED STATES OF AMERICA <br /> COMMONWEALTH OF VIRGINIA, CITY OF MARTINSVILI ,F, <br /> <br />SOLID WASTE REVENUE BOND (LANDFILL IMPROVEMENT PROJECT), <br /> SERIES 2000 <br /> <br />Registered Holder: <br /> <br />Dated: _, 2000 <br /> <br />Principal Sum: <br />$ <br /> <br /> KNOW ALL MEN BY THF~SE PRESENTS, that the City of Martinsville, VIrginia <br />(hereinafter sometimes referred to as the "City"), a City of the Commonwealth of Virginia, for <br />value received hereby promises to pay, solely ~-om the revenues and other property hereinaecer <br />described and pledged, to the registered holder (named above), or assigns, the Principal Sum <br />(specified above) in annual installments in the amounts set forth on Schedule A attached hereto <br />payable on ,200, and annually on thereafter to and including <br /> 2005, together with interest from the date of this Bond on the unpaid installments, <br />payable semiannually on each and , beginning ,2001 (each <br />an "Interest Payment Date"), at the rates per annm set forth in Schedule A. <br /> <br /> Both prindpal of and interest on this Bond are payable in any coin or currency of the United <br />States of America which at the time of payment is legal tender for public and private debts. <br /> <br /> It is hereby certified, recited and declared that all acts, conditions and things required to <br />have happened, to exist and to have been performed precedent to and in the issuance of this Bond <br />do exist, have happened and have been performed in regular and due lime, form and manner as <br />required by law; that this Bond does not exceed any constitutional, statutory or charter limitation of <br />indebtedness; and that provision has been made for the payment of the prindpal of, and interest on, <br />this Bond as provided in the Ordinance. <br /> <br /> No registration, transfer or exchange of this Bond shall be permitted within fifteen (15) days <br />of an Interest Payment Date or the date of prepayment or redemption of this Bond. <br /> <br /> This Bond is authorized in an aggregate principal amount not to exceed $ and is <br />issued under and pursuant to and in compliance with the Constitution and laws of the <br />Commonwealth of Virginia, including the City Charter of the City of Maxtinsville, Virginia and <br />Chapter 26, Title 15.2 of the Code of V'wginia of 1950, as amended, the same being the Public <br /> <br /> <br />