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<br />If the Bond has been mutilated, lost or destroyed, the City shall execute and the Registrar <br />shall authenticate and deliver a new Bond of like date and tenor in exchange or substitution for, <br />and upon cancellation of, such mutilated Bond or in lieu of and in substitution for such lost or <br />destroyed Bond; provided, however, that the City and the Registrar shall execute, authenticate <br />and deliver such Bond only if the Bondholder has paid the reasonable expenses and charges of <br />the City and the Registrar in connection therewith and, in the case of a lost or destroyed Bond, <br />has furnished to the City and the Registrar (a) evidence satisfactory to them that such Bond was <br />lost or destroyed and the Bondholder was the Owner thereof and (b) indemnity satisfactory to <br />them. If the Bond has matured, instead of issuing a new Bond, the Registrar may pay the same <br />without surrender thereof upon receipt of the aforesaid evidence and indemnity. <br /> <br />If the Bond has been paid (whether at maturity, by acceleration or otherwise) or delivered <br />to the Paying Agent for cancellation, the Bond shall not be reissued and the Registrar shall, <br />unless otherwise directed by the City, cremate, shred or otherwise dispose of the Bond. The <br />Registrar shall deliver to the City a certificate of any such cremation, shredding or other <br />disposition of the Bond. <br /> <br />CUSIP identification numbers may be printed on the Bond, but such numbers shall not be <br />deemed to be a part of the Bond or a part of the contract evidenced thereby and no liability shall <br />hereafter attach to the City or any of the officers or agents thereof because or on account of said <br />CUSIP numbers. <br /> <br />The Bond, the Certificate of Authentication and the provision for the assignment to be <br />inserted in the Bond shall be substantially in the following fonn, to-wit: <br /> <br />"FORM OF BOND" <br /> <br />No. R-l <br /> <br />UNITED STATES OF AMERICA <br />COMMONWEAL TH OF VIRGINIA, CITY OF MARTINSVILLE <br /> <br />GENERAL OBLIGATION BOND <br />SERIES 2005 <br /> <br />Dated: <br /> <br />_,2005 <br /> <br />Registered Holder: <br />PATRICK HENRY NATIONAL BANK <br /> <br />Maturity Date: July 15, 2015 <br /> <br />Maximum Principal Sum: <br /> <br />14 <br />