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1976 Resolutions
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1976 Resolutions
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Last modified
7/17/2001 6:09:03 PM
Creation date
6/22/2001 6:46:20 PM
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Ord/Resolutions
Year
1976
Ord/Resolutions - Type
Resolutions
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8. The Bonds, the coupons pertaining to the Bonds <br />and the Provision for Registration to be endorsed on the <br />Bonds shall be in substantially the following forms, respect- <br />ively, to-wit: <br /> <br />[Form of Bond] <br /> <br />UNITED STATES OF A~4ERICA <br /> <br />COM2~ONWEALTH OF VIRGINIA <br /> <br />CITY OF PORTSMOUTH <br /> <br />GENERAL OBLIGATION BOND <br /> <br />No. <br /> <br />$5,000 <br /> <br /> The City of Portsmouth, a municipal corporation of <br />the Commonwealth of Virginia, hereby acknowledges itself <br />indebted for value received and promises to pay to the <br />bearer hereof, or, if this bond then be registered as herein <br />provided, to the then registered owner hereof, the principal <br />sum of Five Thousand Dollars ($5,000.) on the first day of <br />August, 19 (subject to the right of prior redemption <br />hereinafter ~entioned) upon the presentation and surrender <br />hereof, and to pay interest on said principal sum from the <br />date hereof at the rate of per <br />cen~um ( %) per annum, payable sem!-annually on <br />February 1 and August 1, commencing February 1, 1977. <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 endorsed <br />hereon. If this bond shall not then be registered as to <br />both principal and interest the interest hereon payable <br />prior to maturity shall be payable at the principal office <br />of The Chase Manhattan Bank in the City of New York, New York, <br />the paying agent for this bond, but only upon the presentation <br />and surrender of the respective coupons annexed hereto <br />representing such interest as the same become due and <br />payable. The interest on this bond while registered as to <br />both principal and interest shall be payable by the City of <br />Portsmouth by check or draft mailed to the registered owner <br />at such o%~er's address as shown on the books of registry. <br /> <br /> The principal of, premitur~, if any, and interest on <br />this bond are payable in such coin or currency of the United <br />States of America as at the respective dates of payment is <br />legal tender for the payment of public and private debts. <br />Such principal and premium are payable at the principal <br /> <br />-5- <br /> <br /> <br />
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