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<br />
<br />MONDAY
<br />
<br />JANUARY 28, 1985
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<br />Bond No. Principal Amount Maturity
<br />R-1 $ 30,000.00 March 1 , 1986
<br />R-2 30,000.00 March 1 , 1986
<br />R-3 31,000.40 March 1 , 1986
<br />R-4 30,000.00 March 1 , 1987
<br />R-5 30,000.00 March 1 , 1987
<br />R-6 38,735.43 March 1, 1987
<br />R-7 35,000.00 March 1, 1988
<br />R-8 35,000.00 March 1, 1988
<br />R-9 37,127.95 March 1, 1988
<br />R-10 35,000.00 March 1, 1989
<br />R-11 35,000.00 March 1, 1989
<br />R-12 46,233.82 March 1, 1989
<br />R-13 40,000.00 March 1, 1990
<br />R-14 40,000.00 March 1, 1990
<br />R-15 46,113.70 March 1 , 1990
<br />R-16 45,000.00 March 1 , 1991
<br />R-17 45,000.00 March 1 , 1991
<br />R-18 46,833.36 March 1 , 1991
<br />R-19 45,000.00 March 1, 1992
<br />R-20 45,000.00 March 1 , 1992
<br />R-21 58,464.20 l1arch 1 , 1992
<br />R-22 50,000.00 March 1 , 1993
<br />R-23 50,000.00 March 1, 1993
<br />R-24 61,083.65 March 1, 1993
<br />R-25 55,000.00 March 1, 1994
<br />R-26 55,000.00 March 1, 1994
<br />R-27 64,775.76 March 1, 1994
<br />R-28 60,000.00 March 1, 1995
<br />R-29 60,000.00 March 1, 1995
<br />R-30 69,631.73 March 1, 1995
<br /> $1,350,000.00
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<br />2. The full faith and credit of the City are hereby pledged to the pay-
<br />ment of the principal of and interest on the Bonds as the same shall
<br />become due, and each year while any of the Bonds remain outstanding
<br />and unpaid, unless other funds are lawfully available and appropriated
<br />for the timely payment thereof, there shall be levied, without limita-
<br />tion as to rate or amount, and collected in accordance with law, an
<br />annual ad valorem tax on all taxable property in the City subject to
<br />local taxation sufficient to provide for payment of the principal of
<br />and interest on the Bonds as the same shall become due.
<br />
<br />3. The Bonds are being issued pursuant to the provisions of Article VII,
<br />Section 10(a)(2) of the Constitution of Virginia, therefore, the City
<br />hereby also pledges to the payment of the principal of and interest on
<br />the Bonds as the same shall become due all the revenues after payment
<br />of operating expenses from the water system of the City.
<br />
<br />Pursuant to the provisions of Article VII, Section 10(a)(2) of the Con-
<br />stitution of Virginia, the Bonds are issued for a specific undertaking
<br />from which the City may derive a revenue and the Bonds shall not be in-
<br />cluded within the otherwise authorized indebtedness of the City in
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