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<br />Ij <br /> <br />TUESDAY <br /> <br />JUNE 1 3. 1967 <br /> <br />same from time to time, the prOVlSlons of this paragraph of this <br />resolution shall be deemed to be and shall constitute a contract <br />between the City and the holders from time to time of said bonds <br />and of the interest coupons appurtenant thereto. <br /> <br />(7) The bonds and the interest coupons representing the interest <br />payable thereon and the provisions for the registration of the bonds <br />to be endorsed thereon shall be in substantially the following form: <br /> <br />(Form of Bond) <br /> <br />No. <br /> <br />No. <br /> <br />$ 5 , 000 <br /> <br />The CITY OF MARTINSVILIE (hereinafter <br />a municipal corporation of the Commonwealth <br />acknovlledges itself indebted and, for value <br />pay to the bearer of this bond, or, if this <br />the registered holder hereof, the sum of <br /> <br />UNITED STATES OF AMERICA <br />COMMONWEALTH OF VIRGINIA <br />CITY OF MARTINSVILLE <br />SE'dER BOND, SERIES B <br /> <br />$ 5 , 000 <br /> <br />referred to as "City"). <br />of Virginia, hereby <br />received, promises to <br />bond be registered, to <br /> <br />FIVE THOUSAND DOLLARS ($5,000) <br /> <br />on ~lrch 1, 19__, and ~o pay interest thereon from the date of this <br />bond until it shall mature at the rate of three and one-half per <br />cer.tum (3.50%) per annum, payable semi-annually on March 1 and <br />September 1 in each year, upon presentation and surrender of the <br />annexed coupons therefor attached hereto as they severally become <br />due. Both principal of and interest on this bond will be paid at <br />the principal office of First National City Bank, in the Borough of <br />Manhattan, City and State of New York, or, at the option of the <br />holder, at The First National Bank of Martinsville and Henry County, <br />in 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 by the holder in <br />his name on the books of the 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, after which no valid transfer of this bond <br />shall be made except on said books, until after registered transfer <br />to bearer. If this bond be so registered, the principal shall there- <br />after be payable only to the registered holder thereof. Such <br />registration shall not affect the negotiability of the coupons, <br />which shall continue to pass by delivery. <br />