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~ ~This.Bond is duly authorized and issued in compliance with <br />and pursuant to the Constitution and laws of the Commonwealth of <br />Virginia, including the Public Finance Act of 1991, Chapter 668, <br />~rginia Acts of Assembly of 1991, and a resolution duly adopted <br />by the City Council of the City to provide funds, together with. <br />other available funds, to finance capital projects for public <br />schools. <br /> <br /> This Bond is registered in the name of Virginia Public <br />School Authority as to both principal and interest on books of <br />the City kept by the Bond Registrar, and the transfer of this <br />Bond may be effected by the registered owner of this Bond only <br />upon due execution of an assignment by such registered owner. <br /> <br /> The principal installments of this Bond are not subject to <br />prepayment or redemption prior to their~ stated maturities. <br /> <br /> 'Ail=iacts, conditions and~ things required by:the Constitution <br />and laws of the Commonwealth of Virginia to happen, exist or be <br />performed precedent to and in the issuance of this Bond have <br />happened, exist and have been performed in due time, form and <br />manner as so required, and this Bond, together with all other · <br />indebtedness of the City, is within every debt and other limit <br />prescribed by the Constitution and laws of the Commonwealth of <br />Virginia. The resolution adopted by the City Council on June 11, <br />1991, provides, and Section 15.1-210 of the Code of Virginia of <br />1950, as amended, requires, that there shall be levied and <br />collected an annual tax upon all taxable property in the City <br />.subject to local taxation sufficient to provide for the payment <br />of the principal of and interest on this Bond as the same shall <br />become due which tax shall be without limitation as to rate and <br />amount and shall be in addition to all other taxes authorized to <br />be levied in the City. <br /> <br /> IN WITNESS WHEREOF, the City of Martinsville, Virginia, has <br />caused this Bond to be signed by its Mayor, to be countersigned <br />by its Clerk, its seal to be affixed hereto, and this Bond to be <br />dated July , 1991. .. <br /> <br />COUNTERSIGNED: <br /> <br />Clerk, City of Martinsville, <br />Virginia <br /> <br />(SEAL) <br /> <br />Mayor, City of Martinsville, <br />Virginia <br /> <br />A-2 <br /> <br /> <br />