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WHEREAS, in accordance with Section 1i-17 of the Code <br />of the City, the City Manager and the Director of Finance <br />executed and delivered the certificate required by such section <br />to .the City Treasurer, and the City Treasurer and the City <br />Clerk, in accordance with the instructions set forth in such <br />certificate, issued and delivered S!,700,0OO aggregate principal <br />amount of the Notes, a photocopy of the Notes in such princ!pal <br />amount being attached hereto as Exhibit B; and <br /> <br /> WHEREAS, the Council of the City desires to approve, <br />ratify and confirm the actions of the City Clerk, the City <br />Manager, the City Treasurer, and the Director of Finance in <br />!ssuing, selling, executing and delivering such Notes and <br />the form and details thereof, all in accordance with paragraph <br />4 of the July 14, 1981 Authorizlng Resolution. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE <br />CITY OF PORTSMOUTH, VIRGINIA: <br /> <br /> 1. This Council hereby approves, ratifies and confirms <br />the actions of the City Clerk, the City Manager, the City <br />Treasurer, and the Director of Finance of the City in lssu!ng, <br />selling, executing and delivering Seven Million, Six Hundred <br />Fifty Thousand Dollars ($7,650,000) aggregate principal amount <br />of the No%es a~ a purchase price of par plus interest accrued <br />thereon from the date thereof to the date of delivery thereof <br />and payment therefor. This Council further approves, ratifies <br />and confirms the form of the Notes attached hereto as Exhibit <br />A and Exhibit B. <br /> <br /> 2. This resolution shall take effect from the date of <br />its adoption. <br /> <br /> Adopted by the Council of the City of Portsmouth, Virginia, <br />at a meeting held January 28, 1982. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />