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1986 Resolutions
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1986 Resolutions
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2/6/2009 3:38:05 PM
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Ord/Resolutions
Year
1986
Ord/Resolutions - Type
Resolutions
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and a final Official Statement relating to any Notes in such <br />form as shall be approved by the Director of Finance. The <br />issuance and details of such Notes shall be governed by the <br />provisions of Section 15.1-223 of Title 15.1, Chapter 5, <br />Article 7 of the Code of Virginia, 1950, as amended, and <br />Article I of Chapter 11 of the Code of the City. Each Note <br />issued hereunder shall be accompanied by a certificate of the <br />City Manager and the' Director of Finance of the City in the <br />form prescribed in Section 11-17 of the Code of the City. <br />The provisions of paragraph 2 hereof shall apply to the Notes <br />to the extent that same are not paid from the proceeds of the <br />Bonds or from any other available funds. The sale of the <br />Notes and the form and other details thereof shall be <br />approved, ratified and confirmed by the resolution of this <br />Council. Bonds in anticipation of which the Notes are issued <br />must be issued and sold in accordance with this resolution <br />not later than five years of the date of the original issue <br />of the first Notes. <br /> <br /> 5. The City Attorney of the City shall be and hereby <br />is directed to file a copy of this resolution, certified by <br />the City Clerk of the City to De a true copy thereof, with <br />the Circuit Court of the City of Portsmouth, Virginia, and <br />such ~City Clerk shall be and hereby is directed to publish <br />once within ten (10) days of the date of filing of such <br />resolution a notice with respect thereto in The Virginian <br />Pilot, a newspaper of general circulation in the City, in <br />accordance with Section 15.1-199 of the Code of Virginia, <br />1950, as amended. Such notice shall be in substantially the <br />following form: <br /> <br />"LEGAL NOTICE <br /> <br /> Notice is hereby given pursuant to Section 15.1-199 of <br />the Code of Virginia, 1950, as amended, that the Council of <br />the City of Portsmouth, Virginia, adopted on October 14, <br />1986, a resolution authorizing the issuance, as a whole at <br />one time or in part from time to time, $5,470,000 aggregate <br />principal amount of general obligation bonds and further <br />authorizing and providing for the issuance and sale of <br />general obligation bond anticipation notes in anticipation of <br />issuance of such bonds and caused a certified copy of such <br />resolution to be filed with the Circuit Court of the City of <br />Portsmouth on , 19 <br /> <br /> The proceeds of sale of such bonds and notes shall be <br />applied to the payment of the costs of the public <br />improvement projects described below in substantially'the <br />amounts set forth opposite the descriptions of the respective <br />projects: <br /> <br /> <br />
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