1992 Resolutions - Laserfiche WebLink

Home Browse Search

-9- business on the forty-fifth (45th) day next preceding the date fixed for redemption. Ifno~ce of the redemption of this Bond shall have been given as aforesaid, and payment ~[ ~he pnncipal amount of this Bond (or the portion of the principal amount hereof to be redeemed) and of the accrued interest and premium, if any, payable upon such redemplion shall have been duly made or provided for, interest hereon shall cease to accrue from and after the date so specified for the redemption hereof. Subject to the limitations and upon payment of the charges, if any, provided in the proceedings authorizing the Bonds of the issue of which this Bond is one, th~ Bond may be exchanged at the office of the Registrar for a like aggregate principal amoum of Bonds of other authorized principal amounts and of the same ~ssue, interest m~e and maturity. This Bond is transferable by the Registered Owner hereof, in person ~r by his attorney duly authorized in writing, on the books of registry kept by the Registrar f~r ~mch purpose at the office of the Registrar but only in the manner, subject to the limitatim~ and upon payment of the charges, if any, provided in the proceedings authorizing the Bonds of the issue of which this Bond is one, and upon the surrender here6f for cancellation. Upon such transfer a new Bond or Bonds of authorized denominations and of the same a/~e~te principal amount, interest rate and maturity as the Bond surrendered, will be issued t~ the transferee in exchange herefor. This Bond shall not be valid or obligatol~ unless the certificate of authentication hereon shall have been manually signed by or on behalf of the Regislxar. The full faith and credit of the City are hereby irrevocably pledged for the payment of the principal of and interest on this Bond as the same become due. The principal hereof and interest hereon shall be payable from ad valorem taxes, without limitation of rate or amount, upon all property within the City subject to taxation by the City, if the revenues of the aforesaid water and sewerage system are insufficient for that purpose. It is hereby certified, recited and declared that all acts, conditions and th/rigs required to exist, happen or be performed precedent to and in the issuance of this Bond do exist, have happened and have been performed in due time, form and manner as required by law, and that the amount of this Bond, together with all other indebtedness of the City, does not exceed any limitation of indebtedness prescribed by the Constitution or statutes of the Commonwealth of Virginia or the Charter of the City.