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WHEEEAS, in accordance with Section 1!~t7 of the Code <br />of the City, the City Manager and the Director of Finance <br />executed and delivere~'the certificate required by. such <br />section to the Cit}~Treasurer, and the City Treasurer and <br />the City Clerk, in accordance with.the instructions set <br />forth i~ such cert~fIcat issued and delivered $2,300,000 <br />aggregate prlnc!pa amount of the Notes, a photocopy of the <br />Notes in such principal amount beinq attached'hereto in <br />Exhibit A~ and details of the Notes-being shown in Exhibit <br />B, attached hereto;i~ and <br /> ~' ' es to a rove, <br /> ~c ~the~Councll of the ~lty deslr ~ pP <br /> ratify and co'firm the actions of the City C. lerk., the City <br /> Manager, the 'Cit~ T~eaBurer, and the D~rector of Finance <br /> in issuing, selli~¢~-?xecuting and delivering such No~es <br /> and the form and d~ails thereof, all. x~.~c~o~dan~e.~lth <br /> 1981 Authorizing Resolution. <br /> ~$~raok 4 of ~h~ July 14, <br /> <br /> NOW, THE~0~E ~I & m~ I T ~SOLVE~ BY& r~E CO~CIn~ OF T~m <br /> CITY OF PORTSMOUTH, UIRGINtA: <br /> 1. This CoUnc~ hereby approves, ratifies and confirms <br /> the actions~of bhe City Clerk, the City Manager, the City <br /> Treasurer, and tha Director of Finance of ~he City in issuing, <br /> .... O0 <br /> selling,, executing and delivering Ten Mil±Ion ($1u,OO0,O ) <br /> Dollars aggregate principal amount of the Notes at a purchase <br /> price of par plusintere~t accrued thereon from the date <br /> thereof~ito the dare of deIivery thereof an~ pay~nt t~refor. <br /> This coU~ci~f6~h~r approves, ratifies anc conzzrms une <br /> form of the Notss'atbached hereto as E~hibit A and the' <br /> details 0~ the-Note~ as shown in Exhibit B. <br /> 2. This~S6iUtion shall take effect from the dat~e of <br /> its adoption- <br /> Adop of the City of PortSmouth,~ Virginia, <br /> at a meeting held July 27, 1982. <br /> <br />Teste: <br /> <br />~i~y Clerk <br /> <br /> <br />