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EXHIBIT A UNITED STATES OF AMERICA COMMONWEALTH OF VIRGINIA CITY OF PORTSMOUTH GENERAL OBLIGATION PUBLIC IMPROVEMENT BOND ANTICIPATION NOTE REGISTERED REGISTERED No. R-1 $5,000,000.00 INTEREST MATURITY DATE OF RATE DATE NOTE 4.42 % JTJNE 23, 1995 NOVEMBER 23, 1994 REGISTERED OWNER: CresEar Bank PRINCIPAL SUM: FIVE MILLION DOLLARS The City of Portsmouth, a municipal corporation of the Commonwealth of Virginia (the "City"), for value received, acknowledges itself indebted and hereby promises to pay uo the Registered Owner (named above), or registered assigns, on the Maturity Date (specified above) unless this Note shall have been duly called for previous redemption and payment of the redemption price duly made or provided for, the Principal Sum (specified above) and to pay interest on such Principal Sum payable mn advance on the date hereof, at the Interest Rate (specified above) per annum, such interest to be calculated on the basis of a 365-day year and the actual days between uhe date hereof and the stated maturity hereof. The principal of this Note ms payable on presen5ation and surrender hereof at the office of the Director of Finance of the City of Portsmouth, Virginia, as Registrar, in the City of Portsmouth, Virginia. The principal of and interest on this Note are payable in such ccin or currency of the United States of America as. au the respective dates of paymenu is legal uender for public and private debts. This Note is one of an issue of Notes aggregating Five Million Dollars ($5,000,000) in principal amounn and issued for the purpose of providing funds ~o pay the cost of various public improvement projects of and for the City, under and pursuann to and in full compliance with the Constitution and statutes of the Commonwealth of Virginia, including Chapter 5.1 of Title 15.1 of the Code of Virginia, 1950 (the same being Ehe Public Finance Act of 1991), the Charter and Code of the City, and proceedings of the