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No. R- <br /> <br /> Exhibit A <br /> FORM OF BOND <br /> <br /> UNITED STATES OF AMERICA <br /> COMMONWEALTH OF VIRGINIA <br /> <br /> CITY OF PORTSMOUTH <br /> <br /> GENERAL OBLIGATION BOND <br /> SERIES 2001 <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 of this 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 /> I and 1, beginning on 1, 2001. This Bond shall bear interest (a) <br />from ,2001, if this Bond is authenticated before , 2001 or (b) otherwise <br />from the or that is, or immediately precedes, the date on which this <br />Bond is authenticated, provided that, if at the time of authentication of this Bond, interest on this <br />Bond is in default, this Bond shall bear interest fi:om the date to which interest has been paid. <br />Both principal of and interest on this Bond are payable in lawful money of the United States of <br />America. The principal of this Bond is payable upon presentation and surrender hereof at the <br />office of , as Bond Registrar and Paying Agent ("Bond Registrar"). <br />Interest on this Bond is payable by check or draft mailed to the registered owner hereof at its <br />address as it appears on the registration books maintained by the Bond Registrar without <br />presentation of this Bond; provided that as long as Cede & Co. is the registered owner of this <br />Bond, interest shall be paid by wire transfer. Alt interest payments shah be made to the <br />registered owner as it appears on the registration books kept by the Bond Registrar on the <br />fifteenth day of the month preceding each interest payment date. <br /> <br /> This Bond has been duly authorized by the City Council and is issued for the purpose of <br />financing the costs of certain redevelopment projects and paying the costs of issuance of the <br />Bonds. The full faith and credit of the City are irrevocably pledged for the payment of the <br />principal of and premium, if any, and interest on this Bond in accordance with its terms. <br /> <br /> This Bond is one of a series of $ General Obligation Bonds, Series 2001 of <br />the City, ("Bonds") of like date and tenor, except as to number, denomination, rate of interest and <br />mattmty, issued under the authority of and in fult compliance with the Constitution and statutes <br /> <br /> -1- <br /> <br /> <br />