Laserfiche WebLink
viability of the facility or the creditworthiness of the <br />Company, but, as required by §15.1-1380 of the Code of <br />Virginia, 1950, as amended~ %he bonds shall provide that <br />neither the Co~onwealth of Virginia, the City of Portsmouth <br />nor the IDA shall be obligated to pay the bonds or the <br />interest thereon or other costs incident thereto except from <br />the revenues and moneys pledged therefor, and neither the <br />faith or credit of the taxing power of the Commonwealth, the <br />City nor the iDA shall be pledged thereto. <br /> <br /> This resolution shall take effect immediately upon its <br /> adoption. <br /> <br /> Adopted by the Council of the City of Portsmouth, <br />Virginia, at a meeting held September 13, 1983. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />