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1982 Resolutions
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1982 Resolutions
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Last modified
9/25/2001 2:51:45 PM
Creation date
6/22/2001 3:52:59 PM
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Ord/Resolutions
Year
1982
Ord/Resolutions - Type
Resolutions
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the City Clerk, executed by a facsimile signature of that <br />officer, to the effect that such copy is a true and correct <br />copy of the legal opinion which was dated as of the date of <br />delivery of and payment for the Bonds, may be printed on the <br />Bonds. <br /> <br /> 9. The Bonds, the coupons appertaining to the <br />Bonds and the provisions for re§istration to be endorsed on <br />the Bonds shall be in substantially the following forms, <br />respectively, to-wit: <br /> <br />(Form of Bond) <br /> <br />UNITED STATES OF AMERICA <br /> <br />COMMONWEALTH OF VIRGINIA <br />CITY OF PORTSMOUTH <br /> <br />GENERAL OBLIGATION PUBLIC IMPROVEMENT BOND <br /> <br />No. $5,000 <br /> <br /> The City of Portsmouth (the "City"), a municipal <br />corporation of the Commonwealth of Virginia, hereby <br />acknowledges itself indebted for value received and promises <br />to pay to the bearer hereof, or, if this Bond then be <br />registered as herein provided, to the then registered owner <br />hereof, the principal amount of Five Thousand Dollars <br /> ($5,000) on the first day of December, (subject to the <br />right of prior redemption hereinafter mentioned) upon the <br />presentation and surrender hereof, and to pay interest on <br />such principal Sum from the date hereof at the rate of <br />per centum (% ) per annum, payable June 1, 1983, and <br />semiannually thereafter on December 1 and June 1 of each <br />year. <br /> <br /> This Bond may be registered by the holder as to <br />principal only or as to both principal and interest'in <br />accordance with the provisions for such registration <br />endorsed hereon. If this Bond shall not then be registered <br />as to both principal and interest, the interest hereon <br />payable prior to maturity shall be payable at the principal <br />office of Virginia National Bank, in Norfolk, Virginia, or, <br />at the option of the holder of this Bond, at the principal <br />office of The Chase Manhattan Bank (National Association), <br />in New York, New York, the paying agents for this Bond, but <br />only upon the presentation and surrender of the respective <br />coupons annexed hereto representing such interest as the <br />same become due and payable. The interest on this Bon~ <br />while registered as to both principal and interest shall be <br />payable by the City by check or draft mailed to the <br />registered owner at such owner's address as shown on the <br />books of registry. <br /> <br />- 6 - <br /> <br /> <br />
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