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- 7 - <br /> <br /> UNITED STATES OF AMERICA <br /> COMMONWEALTH OF VIRGINIA <br /> CITY OF PORTSMOUTH <br />GENERAL OBLIGATION PUBLIC IMPROVEMENT BOND <br /> SERIES <br /> <br />REGISTERED <br />NO. <br /> <br />INTEREST <br /> RATE : <br /> <br />MATURITY DATE OF ORIGINAL <br /> DATE : ISSUE : <br /> <br />REGISTERED <br /> <br />CUSIP: <br /> <br />REGISTERED OWNER: <br /> <br />PRINCIPAL SUM: <br /> <br /> The City of Portsmouth, a municipal corporation of the <br />Commonwealth of Virginia (the "City"), for value received, <br />acknowledges itself indebted and h~reby promises to pay to the <br />Registered Owner (named above), or registered assigns, on the <br />Maturity Date (specified above) unless this Bond shall have been <br />duly called for previous redemption and payment of the redemption <br />price duly made or provided for, the Principal Sum (specified <br />above) and to pay inter~st on such Principal Sum until payment of <br />such Principal Sum in full, at the Interest Rate (specified <br />above) per annum, on , 19 and semiannually on each <br /> and thereafter (each such date <br />is hereinafter referred to as an "interest payment date"), from <br />the date hereof or from the interest payment date next preceding <br />the date of authentication hereof to which interest shall have <br />been paid, unless such date of ~t~entication is an interest <br />payment date, in which case from such interest payment date if <br />interest shall have paid to such date, or unless such date of <br />authentication is within the period from the sixteenth (16th) day <br />to the last day of the calendar month next preceding the <br />following interest payment date, in which case from such <br />following interest payment date. Such interest is payable by <br />check or draft mailed by the Registrar hereinafter mentioned to <br />the Registered Owner in whose name this Bond is registered upon <br />the books of registry kept by the Registrar, es of the close of <br />business on the fifteenth (15th) day (whether or not a business <br />day) of the calendar month next preceding each interest payment <br />date. <br /> <br /> The principal of and premium, if any, on this Bond are <br />payable on presentation and surrender hereof at the principal <br />office of , as Registrar, in <br />of · The principal of and <br />premium, if any, and interest on this Bond are payable in such <br />coin or currency of the United States of America as au the <br /> <br /> <br />