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17 <br /> <br />A RESOLUTION AUTHORIZING THE ISSUANCE OF DUPLICATE NOTES TO <br />REPLACE CERTAIN LOST OR DESTROYED GRANT ANTICIPATION NOTES, <br />SERIES OF 1982, OF THE CITY OF PORTSMOUTH, VIRGINIA. <br /> <br /> WHEREAS, the Pershing Division of Donaldson, Lufkin <br />& Jenrette Securities Corporation has advised officials <br />of the City of Portsmouth/ Virginia (the "City'S), that <br />six Grant Anticipation Notes, Series of 1982~ of the City, <br />n~ufoered Nos. 35 through 40, both incluslve~ dated July <br />1, 1982, maturing June 30, 1983, of the denomination of <br />$25,000 each and bearing interest at the rate of ten per <br />centum ClO%) per annum have eitke~ been lost or destroyed; <br />and <br /> <br /> WHER~ASr Section 15.1~209 of the Code of Virginia, <br />1950, provides for t~e replacemant of lost or destroyed <br />notes upon compliance ~¢ith the provisions of such section <br />and subject to approval of the State Connuission on Local <br />Debt. <br /> <br /> NOW~ THEREFORE, BE ~T RESOLVED by the Council of the <br />City of Portsmouth, V±rginia, that the six notes referred <br />to herein are authorized to be replaced by new notes of <br />like date~ n~ufoer and tenor pursuant to the provisions of <br />Section 14.1-209 of the Code of Virginia, 1950, and~ <br />upon co~,pllance with the provisions of such section and <br />subject to the approval of the State 'Co~mission on Local <br />Debt which is hereby requested, the appropriate officers <br />of the City are authorized to execute and deliver such <br />replacement'notes. <br /> <br /> Adopted by the Council of the City of Portsmouth, <br />Virginia, at a meeting keld March 22, 1983. <br /> <br />Taste: <br /> <br />City Clerk <br /> <br /> <br />