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of the City to provide funds to finance the purchase of <br />equipment for school purposes through the Governor's <br />Educational Technology Initiative Procuremen5 and Financing <br />Program. <br /> <br /> This Bond is registered in the name of Virginia Public <br />School Authority as to both principal and interest on books of <br />the City kept by the Director of Finance of the City. <br /> <br /> The principal installments on this Bond are not subject <br />to redemption prior to their respective payment dates. <br /> <br /> Ail acts, conditions and things required by the <br />Constitution, the laws of the Commonwealth of Virginia and the <br />Charter of the City to happen, exist or be performed precedent <br />to and in the issuance of this Bond have happened, exist and <br />have been performed in due time, form and manner as so <br />required, and this Bond, together with all onher indebtedness <br />of the City, is within every debt and other limit prescribed <br />by the Constitution, the laws of the Commonwealth of Virginia <br />and the Charter of the City, and provision has been made for <br />the levy and collection of an annual tax upon all taxable <br />property in the City subject to local taxation sufficient to <br />provide for the payment of the principal of and interest on <br />this Bond as the same shall become due. <br /> <br />IN WITNESS WHEREOF, the City Council of the City of <br />Portsmouth has caused this Bond to be issued in the name of <br /> <br /> <br />