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<br />THURSDAY
<br />
<br />OCTOBER 2, 1969
<br />
<br />THE CITY OF MARTINSVILLE
<br />municipal corporation of
<br />received hereby promises
<br />it be registered, to the
<br />
<br />(hereinafter referred to as "City"), a
<br />the Commonwealth of Virginia, for value
<br />to pay to the bearer of this bond, or, if
<br />registered owner, the principal sum of
<br />
<br />FIVE THOUSAND DOLLARS
<br />
<br />($5,000)
<br />
<br />on the first day of November, 19___, and to pay interest thereon
<br />from the date of this bond until it shall mature at the rate of
<br />---------six---------- per centum (6%) per annum, payable semi-
<br />annually on May 1 and November 1 in each year, upon presentation
<br />and surrender of the coupons therefor attached hereto, as they
<br />severally mature. Both principal of and interest on this bond are
<br />payable at the principal office of the First National City Bank,
<br />New York, New York, or, at the option of the holder, at the
<br />First & Merchants National Bank in the City of Richmond, Virginia,
<br />or at The First National Bank of Martinsville and Henry County, in
<br />the City of Martinsville, Virginia, or at the Piedmont Trust Bank
<br />in the City of Martinsville, Virginia, in any coin or currency of
<br />the United States of America which, at the time of payment is legal
<br />tender for the payment of public and private debts.
<br />
<br />This bond may be registered as to principal only by the holder in his
<br />name on the bond register of said City kept in the office of the City
<br />Treasurer of the City, and such registration shall be noted hereon
<br />by said City Treasurer. If so registered, this bond may be transferred
<br />on said bond register by the registered owner in person or by attorney,
<br />upon presentation of this bond to the City Treasurer with a written
<br />instrument of transfer in a form approved by said City Treasurer and
<br />executed by said registered owner. If this bond be so registered, the
<br />principal shall thereafter be payable only to the person in whose name
<br />it is registered, unless this bond shall be discharged from registry
<br />by being registered as payable to bearer. Such registration shall not
<br />affect the negotiability of the coupons, which shall continue to pass
<br />by delivery.
<br />
<br />This bond is one of an issue of bonds of like date and tenor, except
<br />as to maturity, issued pursuant to Chapter 193 of the Acts of 1950
<br />of Virginia as amended, and the Public Finance Act of 1958 (Chapter 5
<br />of Title 15.1 of the Code of Virginia, 1950), and an ordinance duly
<br />adopted by the Council of said City on March 24, 1966, pursuant thereto,
<br />and approved by the affirmative vote of a majority of the qualified
<br />voters of said City voting upon the question of their issuance at an
<br />election held in the City on April 16, 1966, for the purpose of
<br />financing the cost of the construction, reconstruction, and improvement
<br />by the erection of additions, of school buildings and facilities in
<br />the City.
<br />
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