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Finance Act, and the ordinances duly adopted under said Chapter by the City Council on <br /> ,2000, ,2000 and ,2000 (together, the "Ordinance") and a <br />Financing Agreement dated as of ,2000 (the "Financing Agreement") between the <br />City and the Virginia Resources Authority (the "VRA"). <br /> <br /> This Bond is transferable only upon the registration books kept at the office of the Registrar <br />by the registered holder hereof; or by his duly authorized attorney, upon surrender of this Bond <br />(together with a written instrument of transfer, satisfactory in form to the Registrar, duly executed <br />by the registered holder or his duly authorized attorney, which may be the form endorsed hereon) <br />and subject to the limitations and upon payment of the charges, if any, as provided in the Ordinance, <br />and thereupon as provided in the Ordinance a new Bond, in the aggregate principal mount and of <br />the same series, interest rate and maturity as the Bond surrendered, shall be issued in exchange <br />therefor. The City and the Registrar shall deem and treat the person in whose name this Bond is <br />registered as the absolute owner hereof for the purpose of receiving payment of; or on account of; <br />the principal hereof and interest due hereon and for all other purposes whatsoever. <br /> <br /> The Bond is subject to redemption, prepayment or refunding prior to maturity only with the <br />written consent of the VRA. <br /> <br /> TIllS BOND IS A LI1VHTED OBLIGATION OF TITE CITY AND EXCEPT TO THE <br />EXTENT PAYMENT WITH RESPECT TO ~ BOND SHAI,I, BE MADE FROM THE <br />PROCEEDS OF THE SALE OF THIS BOND (OR THE INCOME, IF ANY, DERIVED <br />FROM THE INVESTMENT THEREOF) AND ~ INTEREST TI:!EREON, ARE <br />PAYABLE SOLELY FROM, AND ARE EQUAI,I,Y AND RATABLY SECURED BY, A <br />! ,IEN AND CHARGE ON, THE REVENUES AND RECEIFrS DERIVED BY ~ C1TY'S <br />OPERATION OF TItE SYSTEM (AS DEFINED IN ~ FINANCING AGREEMENT) <br />LESS THE COSTS OF OPERATION AND MAINTENANCE OF THE SYSTEM. TltlS <br />BOND IS NOT A DEBT OF THE CITY WITltlN THE IVrEANING OF ANY <br />CONSTITU'I'tONAL OR STATUTORY LIMITATION UPON T!tE CREATON OF <br />GENERAL OBLIGATION INDEBTEDNESS OF ~ CITY, NOR DOES THIS BOND <br />IMPOSE ANY GENERAL I ,IABH,ITY UPON TitE CITY, AND THE CITY StIALL NOT <br />BE LIABLE FOR T!tE PAYMENT ltEREOF OUT OF ANY FUNDS OF T!tE CITY <br />EXCEPT TIlE REVENUES, WltICIt REVENUES (I .ESS ~ COSTS OF OPERATION <br />AND MAINTENANCE OF THE SYSTEM) HAVE BEEN PLEDGED TO THE <br />PUNCTUAL PAYMENT OF THE PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST <br />ON, THIS BOND IN ACCORDANCE WITH TIlE PROVISIONS OF TItE ORDINANCE- <br /> <br /> If any failure of the City to pay any required payment of the principal of or premium, if any, <br />or interest on this Bond results in a withdrawal from the Capital Reserve Fund (as defined in the <br />Financing Agreement) and/or a drawing on any CRF Credit Fadlily (as defined in the Financing <br />Agreement) the interest rates on this Bond shall be increased to interest rates suffident to reimburse <br />the Capital Reserve Fund for any foregone investment earnings thereon and/or pay any interest, fees <br />or penalties assessed by the CRF Credit Provider as a result of the drawing on the CRF Credit <br />Fadlity. The increment of interest payable pursuant to the increase in rates shall be referred to as <br />"Supplemental Interest." The term 'Interest," as used in this Bond, shall include Supplemental <br />Interest, when and if payable. Supplemental Interest shall be due and payable on the regularly <br /> <br /> <br />