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copy of the legal opinion winch was dated as of the date of delivery of and payment for the Bonds, may be printed on the Bonds. 8. The Bonds shall be in substantially the following form: UNITED STATES OF AMERICA COMMONWEALTH OF VIRGINIA CITY OF PORTSMOUTH GENERAL OBLIGATION PUBLIC UTILITY REFUNDING BOND, SERIItS 1993 No. PUR-93- $ INTEREST MATURIT:f RATE: DATE: DATE OF BOND: CUSIP NO.: % AUGUST 1, APRIL 1, 1993 737237 REGISTERt~.B OWNER: CEDE & CO. PPd~CIPAL SUM: DOTJ.ARS The City of Portsmouth, a municipal corporation of the Commonwealth of Virginia (the "City"), for value received, acknowledges itseff indebted and hereby promises to pay to the Registered Owner (named above), or registered assigns, on the Maturity Date (specified above) unless this Bond 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 on the first day of August, 1993 and semiannually on the first day of February and the first day of August of each year thereafter (each such date is hereinafter referred to as an "interest payment date"), from the date hereof or from the interest payment date next preceding the date of authentication hereof to winch interest shall have been paid, unless such date of authentication is an interest payment date, in winch case, from such interest payment date, or unless such date of authentication is within tho period from the sixteenth (16th) day to the last day of the calendar month next preceding the following interest payment date, in winch case from such following interest payment date, such interest to be paid until the maturity or redemption hereof at the Interest Rate (specified above) per annum, by check mailed by the Registrar hereinafter mentioned to the Registered Owner in whose name this Bond is registered upon the books of registry of the City kept by the Registrar as of the close of business on the fifteenth (15th) day (whether or not a business day) of the calendar month next preceding each interest payment date at his address as it appears on such books of registry. The principal of and premium, if any, on this Bond are payable on presentation and surrender hereof at the principal office of the Director of Finance of the City, as RegisWar and Paying Agent for this Bond, in the City of Portsmouth, Virginia.