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~ ~ 57 A RESOLUTION AMENDING A RESOLUTION ADOPTED BY THE COUNCIL OF THE CITY OF PORTSMOUTH, VIRGINIA, ON APRIL 14, 1987, ENTITLED "A RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF NOT TO EXCEED THIRTY ONE MILLION NINE HUNDRED AND FIVE THOUSAND ($31,905,000) PRINCIPAL AMOUNT OF GENERAL OBLIGATION PUBLIC IMPROVEMENT AND REFUNDING BONDS, SERIES 1987, OF THE CITY OF PORTSMOUTH, VIRGINIA, FOR tHE PURPOSE OF PROVIDING FUNDS TO REFUND IN ADVANCE OF THEIR STATED MATURITIES AND REDEEM CERTAIN PREVIOUSLY ISSUED AND OUTSTANDING PUBLIC IMPROVEMENT BONDS OF SUCH CIT~ AND TO PAY THE COSTS OF VARIOUS ADDITIONAL PUBLIC IMPROVEMENT PROJECTS OF AND FOR SUCH CITY, AUTHORIZING THE SALE OF SUCH BONDS BY THE CITY MANAGER AND AUTHORIZING THE EXECUTION AND DELIVERY OF A BOND PURCHASE AGREEMENT RELATING TO THE SALE OF SUCH BONDS, FIXING THE FORM OF SUC~ BONDS, AUTHORIZING THE EXECUTION OF AN OFFICIAL STATEMENT RELATING TO SUCH BONDS, APPROVING THE FORM AND AUTHORIZING THE EXECUTION AND DELIVERY OF AN ESCROW DEPOSIT AGREEMENT RELATING TO SUCH REFUNDED PUBLIC IMPROVEMENT BONDS AND AUTHORIZING THE CITY MANAGER TO DESIGNATE SUCH REFUNDED PUBLIC IMPROVEMENT BONDS FOR REDEMPTION AND PROVIDING THE AUTHORIZATION OF SUCH BONDS HEREIN IS, IN PART, IN LIEU OF CERTAIN GENERAL OBLIGATION PUBLIC IMPROVEMENT BONDS HERETOFORE AUTHORIZED" BE IT RESOLVED by the Council of the City of Portsmouth, Virginia: 1. The resolution adopted by this Council on April 14~ 1987, the title of which is quosed in the title to this resolution (the "Authorizing Resolution"), is hereby amended as set forth below to reflect changes in the date of the Bonds and the date from which interest on the Bonds shall accrue: (a) The first clause of the second sentence of the first subparagraph of paragraph t of the Authorizing Resolution is amended to read as follows: "The Bonds shall be dated as of and shall bear interest from July 9, 1987;" (b) The final paragraph of the form of the Bonds in paragraph 8 of the AuthorizIng Resolution is amended to read as follows: "IN WITNESS WHEREOF, the City has caused this Bond to be executed by the facsimile signatures of its Mayor and Director of Finance and a facsimile of the corporate seal of the City to be imprinted hereon and attested by the facsimile s~gnature of the City Clerk of the City; and this Bond to be dated as of the ninth day of July, 1987."