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13 be made to the successful bidder in New York, New York, on December 14, 1982, or as soon thereafter as the Bonds may be prepared. Payment of the balance of the purchase price, including any premium offered, must be made in Federal Funds. It is anticipated that CUSIP identification numbers will be printed on the Bonds, but neither the failure t~ print any such number on any Bond nor any error or omissiQ~ with respect thereto shall constitute cause for failure o~ refusal by the successful bidder for the Bonds to accept delivery of and pay for the Bonds in accordanc~ with the terms of its proposal. No CUSIP identification number shall constitute or be deemed to be a part of any Bond or a part of ~he contract evidenced thereby and no liability_ shall attach to the City-or any of its officers or agents because of or on account of any number or any use made thereof. All expenses in relation to the printing of CUSIP identification numbers on the Bonds shall be paid for by the City; provided, howewer, that the CUSIP Service Bureau charge for the assig~£%ent of said numbers shall be the responsibtity of and shall be paid by the successful bidder for the Bonds. The respective opinion of Wood & Dawson approving the validity of each issue of Bonds will be furnished the successful bidder for the Bonds. Each such opinion will state that the respective Bonds constitute valid and legally binding obligations of the City and that the City has power and is obligated to levy ad valorem taxes for the payment of such Bonds ~nd the interest thereon upon all property within the Cityz subject to taxation by the City, without limitation of rate or ~mount, it being understood that the rights of the holders of such Bonds and the enforceability thereof may be ~ubject to judicial discretion, to the valid exercise of the sovereign police powers of the Commonwealth of Virginia and of the constitutional powers of the United States of AJaerica, and to valid bankruptcy, insolvency, reorganization, moratorium and other laws affecting creditors' rights, and will also state that the interest on such Bonds is exempt from federal income taxation under existing law and regulations, and under the existing law of the Commonwealth of Virginia such interest is not includable in computing the Virginia income tax on individuals. A copy of the respective opinion will be printed on the respective Bonds. Requests for proposal forms, for the official statement pertaining to the Bonds and for further information should be addressed to Mr. Roy W. Cherry, Director of Finance, City of Portsmouth, P. O. Box 820, Portsmouth, Virginia 23705. Proposal forms and the official statement may also be obtained at the office of wood & Dawson, 48 Wall Street, New York, New York 10005.