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of the Code of Virginia, 1950, as mended, the bonds shall <br />provide that neithe~ the Commonwealth of Virginia, City of <br />Portsmouth, nor IDA shall be obligated to pay the bonds or <br />the interest thereon or the costs incident thereto except <br />from the revenues and monies pledged therefor, and neither <br />the faith or credit of the taxing power of the Co~amonweatth, <br />the City nor thee IDA shall be pledged thereto. <br /> <br /> ~nis resolution shall take effect in~ediately upon its <br />adoption. <br /> <br /> Adopted by the Council of the City of Portsmouth, Virginia, <br />at a meeting held August 28, 1984. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />