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<br /> <br /> Exhibit A <br /> FORM OF BOND <br /> <br /> UNITED STATES OF AMERICA <br /> COMMONWEALTH OF VIRGINIA <br /> <br />No.R- CITY OF PORTSMOUTH <br /> <br /> GENERAL OBLIGATION PUBLIC IMPROVEMENT REFUNDING BOND <br /> SERIES 2O01 <br /> <br />MATURITY DATE INTEREST RATE CUSIP <br /> <br />REGISTERED OWNER: <br /> <br />PRINCIPAL AMOUNT: <br /> <br /> CITY OF PORTSMOUTH, VIRGINIA ("City"), for value received, acknowledges itself <br />indebted and promises to pay to the registered owner ofthis Bond or legal representative, the <br />principal amount stated above on the maturity date set forth above and to pay interest on the <br />principal amount of this Bond at the rate specified above per annum, payable semiannually on <br />________ 1 and ________ 1, beginning on ________ 1, 2001. This Bond shall bear interest (a) <br />from ________ 1, 2001, if this Bond is authenticated before ________ 1, 2001 or (b) <br />otherwise from the ________ 1 or ________ 1 that is, or immediately precedes, the date on <br />which this Bond is authenticated; provided that, if at the time of authentication of this Bond, <br />interest on this Bond is in default, this Bond shall bear interest from the date to which interest <br />has been paid. Both principal of and interest on this Bond are payable in lawful money of the <br />United States of America. The principal of this Bond is payable upon presentation and surrender <br />hereof at the office of ________________________, as Bond Registrar and Paying Agent ("Bond <br />Registrar"). Interest on this Bond is payable by check or draft mailed to the registered owner <br />hereof at its address as it appears on the registration books maintained by the Bond Registrar <br />without presentation of this Bond; provided that as long as Cede & Co. is the registered owner of <br /> <br /> <br />