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1981 Resolutions
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1981 Resolutions
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9/25/2001 2:50:43 PM
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6/22/2001 3:59:03 PM
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Ord/Resolutions
Year
1981
Ord/Resolutions - Type
Resolutions
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all or part Df the Notes alone or contemporaneously with any <br />other general obligation notesor 'with~any genera!-obligation <br />bonds of the City. If anyNotes are 'offered for competitive <br />sale, a notice of sale shall be published in such formas <br />shall be prescribed by the Dfrector of Financeof the City, <br />in The Daily Bond Buyer, a financial-journal published in <br />the City of New York, New Yorkand The V±rgi~ian Pilot, a <br />newspaQer of general publication in ~t~he 'C~ty, at least once <br />in e~c~ such ~aper, or at least.once!neither such paper, <br />with the date of the first p~blication to be at least seven <br /> (7) days prior to the date of sale of such Notes. There may.. <br /> also be prepared and distributed a prel±~inary ~nda final <br /> Officia~tatement relating toa~yNotes in such form as <br /> shall be approved by the Director of Finance. The issuance <br /> and details of such Notes shall be governed by the provisions <br /> of Section 15.1-223 of Title 15.1, Chapter 5, Article 7 of <br /> the Code of Virginia, 1950, as amended, and Article I of <br /> Chapter 1! of the Code of the City. Each Note issued hereunder <br /> shall be accompanied by a certificate of the City Manager <br /> and the Director of Finance of the City in the form prescribed <br /> in Section 11-17 of the Code of the City. The provisions of <br /> paragraph 2 hereof shall apply to the Notes to the extent <br /> the same are not paid from the proceeds of the Bonds or from <br /> any other available funds. The sale of %he Notes and the <br /> form and other details thereof shall be approved, ratified <br />-~hd confirmed by resolution of this Council. Bonds in <br />anticipation of which the-Notes are issued must be issued <br />and sold i~ accordance with this reso!u~ion not later than <br />five years of the-date of original issue of the first Notes. <br /> <br /> 5. The City Attorney of the City shall be and hereby <br />is directed to file a copy of this resolution, certified <br />by ~e.City Clerk of the City to be a true copy thereof, <br />with the Circuit Court of the City of Portsmouth, Virginia, <br />and such City Clerk shall be and hereby is directed to <br />publish ~nce within ten (10) days of the date of filing <br />of such resolution a notice with respect thereto in The <br />Virginian Pilot, a newspaper of general circulation in <br />the City, in accordance with Section 15.1-199 of the Code <br />of Virginia, 1950, as amended. Such notice shall be ~n <br />substantially the following form: <br /> <br /> "LEGAL NOTICE <br /> <br /> Notice-is hereby ~-f~en~t~r~a~t %~' Section 15.1-199 <br />of the Code of Virginia, 1950, as amended, that the Council <br />of the_ City of Portsmouth, Virginla, a~opted on January 13, <br />1981, a resolution authorizing the issuance, as a whole at <br />one time or ~n part from tim~ to time, $5,281,814 aggregate <br />principal amount of general obligation bonds and further <br />authorizing and providing for the issuance and sale of <br />genera!-obligation bond anticipation notes in anticipation <br /> <br /> <br />
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