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shall be ~ncluded in determining the limitation upon the power of the City to incur <br />indebtedness. <br /> <br /> 8. The Bonds' shall be sold in one or more series in accordance witl~ the <br />provisions of paragraph 1 at public or private sale, as determined by the City Manager, at <br />such price and on such other terms and conditions as are determined by the City Manager. <br />The sale and the definitive details of the Bonds shall be approved, ratified and confirmed <br />by resolution of this Council. If the Bonds of any series are to be sold at public sale, the <br />City Manager of the City is authorized to cause to be published and distributed a notice of <br />)sale of SUch series of the Bonds, or, in lieu of publishing the full text of such notice of sale. <br />to publish a summary thereof, such publication to be made in The Bond Buyer, a f'mancial <br />newspaper published in the City of New York, New York. with the date of the first <br />publication to be at least seven (7) days prior to the date of sale of such series of the Bonds, <br />and the City Manager is further authorized to cause to be prepared and distributed a <br />preliminary and a final Official Statement relating to each series of the Bonds. <br /> <br /> - 9. The Bonds. the certificate of authentication of the registrar, and the <br />assignment endorsed on the Bonds. shall be in substantially the forms set forth below with <br />such changes in format as may be appropriate to conform with customs and practices <br />applicable to comparable securities: <br /> <br /> UNITED STATES OF AMERICA <br /> COMMONWEALTH OF VIRGINIA <br />CITY OF PORTSMOUTH <br />GENERAL OBLIGATION PUBLIC UTII .ITY BOND <br /> SERIFS <br /> <br />REGISTERED REGISTERF. D <br />No.R- ' $ <br /> <br />INTEREST MATURITY DATE OF <br /> RATE: ~ DATE: BOND: <br /> <br />CUSIP: <br /> <br />PRINCIPAL SUM: ?':-':: · c' -'. _ . _ -- <br /> <br /> The City of P~)~'tsmouth, ~ ~umcipal corporation of the Commonwealth of <br />Virginia (the "City"), for value received, acknowledges itself indebted and hereby promises <br />to pay to the Registered Owner (named above), or registered assigns, on the Maturity Date <br />(specified above) unIess this Bond shall have been duly cglled for previous redempuon and <br /> <br /> <br />