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1985 Resolutions
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1985
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1985 Resolutions
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Last modified
2/6/2009 3:38:22 PM
Creation date
6/21/2001 5:45:54 PM
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Ord/Resolutions
Year
1985
Ord/Resolutions - Type
Resolutions
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Service Bureau charge for the assignment of such numbers shall <br />be the responsibility of and shall be paid by the successful <br />bidder for the Bonds. <br /> <br /> The respective opinions of Wood Dawson Smith & Hellman <br />approving the validity of each issue of Bonds will be <br />furnished the successful bidder for the Bonds. Each such <br />opinion will state that the respective Bonds constitute valid <br />and legally binding obligations of the City and that the City <br />has powe~ and is obligated to levy ad valorem taxes for the <br />payment of such Bonds and the interest thereon upon all <br />property within the City, subject to taxation by the City, <br />without limitation of rate or amount, it being understood that <br />the rights of the holders of such Bonds and the enforceability <br />thereof may be subject to judicial discretion, to the valid <br />exercise of the sovereign police powers of the Commonwealth of <br />Virginia and of the constitutional powers of the United States <br />of America, and to valid bankruptcy, insolvency, <br />reorganization, moratorium and other laws affecting creditor's <br />rights, and will also state that the interest on such Bonds is <br />exempt from federal income taxation under existing law and <br />regulations, and under the existing law of the Commonwealth of <br />Virginia such interest is not includable in computing the <br />Virginia income tax on individuals. A copy of the respective <br />opinion will be printed on the ~espective bonds. <br /> <br /> Requests for proposal forms, for the official statement <br />pertaining to the Bonds and for furthe~ information should be <br />addressed to Mr. Roy W. Cherry, Assistant City Manager for <br />Administration and Finance, City of Portsmouth, P.O. Box 820, <br />Portsmouth, Virginia 23705 (telephone 804-393-8251). Proposal <br />forms and the official statement may also be obtained at the <br />office of Wood Dawson Smith & Hellman, 17 Battery Place, New <br />York, New York 10004 (telephone 212-422-0450). <br /> <br />CITY OF PORTSMOUTH, VIRGINIA <br /> <br />By: George L. Hanbury <br /> CITY MANAGER" <br /> <br /> 11. The City Attorney of the City is hereby directed to <br />file a copy of this resolution, certified by the City Clerk of <br />the City to be a true copy hereof, with the Circuit Court of <br />the City of Portsmouth, Virginia, and the City Clerk shall and <br />is hereby directed to publish once within ten (10) days of the <br />date of such filing~ a notice in The Virginian Pilot, a <br />newspaper of general circulation in the City, in accordance <br />with Section 15.1-199 of the Code of Virginia, 1950, as <br />amended. Such notice shall be in substantially the following <br />form: <br /> <br /> <br />
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