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<br />10 <br /> <br />TUESDAY, APRIL 14, 1987 <br /> <br />If any Bond (or portion thereof) shall be called for redemption, notice <br />of the redemption thereof, specifying the date, number and maturity of such <br />Bond, the date and place or places fixed for its redemption, and if less <br />than the entire principal amount of such Bond is to be redeemed, that such <br />Bond must be surrendered in exchange for the principal amount thereof to be <br />redeemed and a new Bond or Bonds issued equaling in principal amount the <br />unredeemed portion of the principal amount thereof, shall be mailed not less <br />than 30 days before the date fixed for redemption, by registered or certi- <br />fied mail, to the registered owner thereof at such owner's address as it <br />appears on the registration books kept by the Bond Registrar as of the close <br />of business on the 45th day preceding the date fixed for redemption. If <br />notice of the redemption of this Bond shall have been given as aforesaid, <br />and payment of the principal amount of this Bond (or the portion thereof to <br />be redeemed) and of the accrued interest payable upon such redemption shall <br />have been duly made or provided for, interest hereon shall cease to accrue <br />from and after the date so specified for the redemption hereof. <br /> <br />Any Bond may be exchanged for a like aggregate principal amount of <br />Bonds of the same maturity of other authorized denominations at the <br />principal office of the Bond Registrar. <br /> <br />This Bond may be transferred only by an assignment duly executed by the <br />registered owner hereof or such owner's attorney or legal representative in <br />a form satisfactory to the Bond Registrar, such transfer to be made on the <br />registration books kept by the Bond Registrar upon presentation and <br />surrender hereof. <br /> <br />This Bond shall not be valid or obligatory for any purpose unless and <br />until authenticated at the foot hereof by the Bond Registrar. <br /> <br />It is hereby certified and recited that all acts, conditions and things <br />required by the Constitution and statutes of the Commonwealth of Virginia to <br />happen, exist or be performed precedent to the issuance of this Bond have <br />happened, existed or been performed in due time, form and manner as so <br />required and that the indebtedness evidenced by this Bond is within every <br />debt and other limit prescribed by the Constitution and statutes of the <br />Commonwealth of Virgin~a. <br /> <br />IN WITNESS WHEREOF, the City of Martinsville, Virginia has caused this <br />Bond to be signed by the facsimile signature of its Mayor, a facsimile of <br />its seal to be affixed and attested by the facsimile signature of the Clerk <br />of Council of the City and this Bond to be dated April 15, 1987. <br /> <br />CITY OF MARTINSVILLE, VIRGINIA <br /> <br />(SEAL) <br /> <br />By <br />Mayor, City of Martinsville, Virginia <br /> <br />ATTEST: <br /> <br />Clerk, Council of the <br />City of Martinsville <br /> <br />This Bond is one of the Bonds described in the within-mentioned Ordinances. <br /> <br />City of Martinsville, Virginia <br /> <br />By <br /> <br />Director of Finance <br />