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a Summary Notice of Sale, Detailed Notices of Sale and Official Proposal Forms in connection <br />with the sale of the Refunding Bonds. The City Manager and the Deputy City Manager for <br />Finance are hereby authorized and directed to cause the Summary Notice of Sale to be published <br />in The Bond Buyer, a financial newspaper published in the City of New York, New York. <br /> <br /> 3. The City Manager and the Deputy City Manager for Finance are hereby authorized <br />to certify that the Preliminary Official Statement for the Refunding Bonds authorized hereunder <br />is "deemed final" for purposes of Rule 15c2-12 promulgated by the Securities and Exchange <br />Commission pursuant to the Securities Exchange Act of 1934 and to further certify or agree on <br />behalf of the City that the City will undertake and agree, for the benefit of the holders of the <br />Refunding Bonds, to comply with the provisions of Paragraph (b)(5) of such Rule 15c2-12 to the <br />extent applicable to the Refunding Bonds. <br /> <br /> 4. The City Manager and the Deputy City Manager for Finance and other officers, <br />employees and agents of the City are hereby authorized and directed to take such actions as shall <br />be necessary to provide for the issuance and sale of the Refunding Bonds. <br /> <br /> 5. That this resolution shall take effect upon the date of its adoption. <br /> <br /> Adopted by the Council of the City of Portsmouth, Virginia, at a meeting held on April <br />9, 1996. <br /> <br /> Teste: <br /> <br /> <br /> City Clerk <br /> <br /> <br />