University of Virginia Library

FIVE THOUSAND DOLLARS

and to pay, solely from said special fund, interest thereon from the date hereof at the rate of
.................................... per centum (.....................%) per annum until payment of such
principal sum, such interest to the maturity hereof being payable semi-annually on the 1st days of
February and August in each year upon the presentation and surrender of the attached coupons representing
such interest as the same respectively become due. Both the principal of and the interest on this bond
are payable at the office of the State Treasurer in the City of Richmond, Virginia, in any coin or
currency of the United States of America which, on the respective dates of payment thereof, is legal
tender for the payment of public and private debts

This bond shall not be deemed to constitute a debt of the State of Virginia or a pledge of the
faith and credit of the State, but shall be payable as to both principal and interest solely from the
special fund provided therefor as hereinafter set forth

This bond is one of a duly authorized issue of $1,200,000 field house and gymnasium revenue bonds
(hereinafter called the "bonds"), known as "The Rector and Visitors of the University of Virginia Field
House and Gymnasium Revenue Bonds (Series 1964)", consisting of bonds maturing in annual instalments
on the 1st day of August, in the years 1966 to 1983, inclusive, and issued for the purpose of paying
the cost of constructing and equipping a field house and gymnasium at the University of Virginia,
Charlottesville, Virginia (said field house and gymnasium being herein called the "Project"). The proceeds
of the bonds, together with appropriations and reappropriations by the General Assembly of the
State of Virginia and certain other moneys to be made available, are estimated to be sufficient to pay
the cost of the Project

All of the bonds are issued under and pursuant to a resolution (herein called the "Resolution")
duly adopted by the Rector and Visitors of the University of Virginia (herein sometimes called the
"Board") on December 14, 1963. Reference is hereby made to the Resolution for the provisions, among
others, with respect to the custody and application of the proceeds of the bonds, the collection
and disposition of revenues, the fund charged with and pledged to the payment of the interest on
and the principal of the bonds, the nature and extent of the security, the rights, duties and
obligations of the Board and the rights of the holders of the bonds, and, by the acceptance of this
bond, the holder hereof assents to all of the provisions of the Resolution.

This bond is issued and the Resolution was adopted under and pursuant to the Constitution and
laws of the State of Virginia, particularly Chapter 3, Title 23, Code of Virginia, 1950, as amended.
The Resolution provides for the fixing, revising, charging and collecting by the Board of fees,
rents and charges, including a field house and gymnasium fee on each full time student enrolled at
the University of Virginia, for or in connection with the use, occupation or services of the Project
in order that such fees, rents and charges will be sufficient to provide funds to pay the cost of
maintaining, repairing and operating the Project and to pay the principal of and the interest on the
bonds as the same shall become due and payable. The Resolution also provides for the deposit of a
sufficient amount of such fees, rents and charges over and above such cost of maintenance, repair
and operation, to the credit of a special fund designated "The Rector and Visitors of the University
of Virginia Field House and Gymnasium Revenue Bonds (Series 1964) Interest and Sinking Fund", to pay
the principal of and the interest on the bonds as the same shall become due and payable, and said
special fund is pledged to and charged with the payment of such principal and interest.

As declared by said Chapter 3, this bond shall be fully negotiable within the meaning and for
all the purposes of Chapter 10, Title 6, Code of Virginia, 1950, as amended.

All acts, conditions and things required by the Constitution and laws of the State of Virginia
and the rules and regulations of the Board to happen, exist and be performed precedent to and in the
issuance of this bond have happened, exist and have been performed as so required

IN WITNESS WHEREOF, The Rector and Visitors of the University of Virginia have caused this bond
to be issued in its name, to bear the facsimile signature of the Rector of the University of
Virginia, to be signed by the Comptroller of said University and by the State Treasurer and to be
countersigned by the Comptroller of the State of Virginia, the official seal of The Rector and
Visitors of the University of Virginia to be impressed hereon, and the attached interest coupons
to be executed with the facsimile signatures of said Rector, State Treasurer and Comptroller of the
State of Virginia, all as of the 1st day of February, 1964.

...............................
Comptroller of the
University of Virginia

...............................
State Treasurer of the
State of Virginia

....................................
Rector of the
University of Virginia

Countersigned

....................................
Comptroller of the
State of Virginia

(Form of Coupons)

No. ........

$................

On ........................... 1, 19...,

The Rector and Visitors of the University of Virginia will pay to bearer at the office of the
State Treasurer in the City of Richmond, Virginia, upon presentation and surrender hereof, the sum
of .................................. Dollars in any coin or currency of the United States of
America which at the time of payment is legal tender for the payment of public and private debts,
solely from the special fund referred to in, and for the semi-annual interest then due upon, its
Field House and Gymnasium Revenue Bond (Series 1964), dated as of February 1, 1964, No.........

...............................
Rector of the
University of Virginia

............................
State Treasurer of the
State of Virginia

............................
Comptroller of the
State of Virginia

Section 203. The proceeds (including accrued interest) of the bonds shall be paid into the
State Treasury and deposited to the credit of the special fund hereinafter created and designated
"The Rector and Visitors of the University of Virginia Field House and Gymnasium Revenue Bonds
(Series 1964) Construction Fund" (hereinafter sometimes called the "Construction Fund")

Section 204. In case any bond issued hereunder shall become mutilated or be destroyed or lost,
the Board shall cause to be executed a new bond of like date, number and tenor in exchange and
substitution for and upon the cancellation of such mutilated bond and its interest coupons, if any,
or in lieu of and in substitution for such bond and its coupons, if any, destroyed or lost, upon
the holder's paying the reasonable expenses and charges of the Board in connection therewith and, in
the case of a bond destroyed or lost, his filing with the Board evidence satisfactory to the Board
that such bond and coupons, if any, were destroyed or lost, and of his ownership thereof, and
furnishing the Board with indemnity satisfactory to the Board