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the enfo.rc~ability thereo{r~y he, subject to ~.udicial discretion <br />aha to valid 'bankruptcy, ~ns~Ivency, reorganization, moratorium <br />and otller laths for the relief of debtors, and will also state <br />that the interest on such Bon~s is exempt from taxation by the <br />United States of ~erica under existing law and under the exist- <br />ing law of the Commonwealth.of Virginia s~ch interest is no% in- <br />cludable in computinq the Virginia income tax~ A copy of the <br />respective opinion will be printed on the respective Bonds. <br /> <br /> Requests for proposal forms, for the official statement <br />pertaining to the Bonds and for further information should be <br />addressed to Mr. Roy W. Cherry, Director of Finance, City Of <br />Portsmouth, P. O. Box 820, Portsmouth, Virginia 23705. Pro- <br />posal forms and ~le official statement may also be obtained <br />at the office of ~essrs. Wood Dawson Love & O'Brien, 48 Wall <br />Strew-t, New York, New York 10005. <br /> <br /> Robert T. Williams <br /> City ~ianager <br /> Portsmouth, Virginia" <br /> 11. The City Attorne~ of the City shall and is hereby di- <br />rected to file a copy of this resolution, certified by t~e City <br />Clerk of the City to be a true copy hereof, with the Circuit Court <br />of the City of Portsmouth, Virginia, and said City Clerk shall and <br />is hereby directed to publish once within ten (10) days of the date <br />of such filing a notice ~n The Virginian-Pilot, a newspaper of <br />general circulation in'the City, ~n accordance with Section 15.1= <br />199 of the Code of Virginia, 1950, as amended. Such notice shall <br />be in substantially the following form: <br /> <br />"LEGAL NOTICE <br /> <br /> Notice is hereby given pursuant to Section 15.1-199 of the <br />Code of Virginia, 1950, as amended, that The Council of the City <br />of Portsmouth, ~ ~rgln~a, adopted on September 27, 1977 resolutions <br />authorizing the issuance of $7,000,000 principal amount of General <br />Obligation Bonds and $3,000,000 principal amount of Public Utility <br />Bonds of said City and caused certified copies of said resolutions <br />to be filed in the C%rcuit Court of the City of Portsmouth on <br /> <br /> The proceeds of sale of said General <br />be applied to the payment of the costs of <br />improvement projects in substantially the <br />amounts: <br /> <br />Obligation Bonds shall <br />the following public <br />following respective <br /> <br />-13- <br /> <br /> <br />