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(FOPS4 OF REGISTRATION) <br /> This bond may be registered in the name of the holder <br /> on the books kept by the Director of Finance of the City of <br /> Portsmouth, Virginia, as Registrar, as to principal only, such <br /> registration being,noted hereon by the Registrar in the regis- <br /> t_ration blank below, after which no transfer shall be effective <br /> against the Registrar, the City of Portsmouth and the paying <br /> agents for this bond unt~ss made on said books by the registered <br /> holder or attorney dulyauthorized and similarly noted by the <br /> .Registrar in the registration Dlankbel w, bnt it~ay be dis- <br /> charged from such registration by being transferred to bearer, <br /> after whmcn it snail D transferable by delivery, but it may be <br /> again registered as before. The registration of this bond as <br /> to principal shall not restrain the negotiability by delivery <br /> merely of the coupons pertalning~heret~, but the co.upons may ben <br /> surrendered and the interest made payable only to the registered <br /> holder, in~nich event the Registrar shall note in the registra- <br /> tion blank below that the bond is registered as to interest .as <br /> well as to principal, with the consent of the holder and the <br />_ City of Portsmouth, this bond when converted into a bond register- <br /> ed as to both principal and interest may be reconverted into a <br /> coupon bond and again converted into a bond registered as to both <br /> principal and interest as hereinabove provided, but always at the <br /> expense of the holder. Upon reconversion of this bond, when regis- <br /> tered as to principal and interest, into a coupon bond, coupons <br /> representing the interest to accrue on this bond, to date of <br /> maturity shall be attached thereto by the Registrar, and the <br /> Registrar she-il note in the registration-blank below wkether the <br /> bo~d is register.ed as to principa~ only or payabie~to bearer. <br /> <br /> DATE-OF ~.~IN ~%~OSE ~A!~LE~ ¥~R OF ~.~ SIGNATURE O~'f · <br /> REGISTRATION: REGISTERED: REGISTRATION: REGISTP~R: <br /> <br />Section 2. The full faith and credit of the City of Portsmouth <br />shall be pledged to the payment of the principal of and interest <br />on the Bonds as the same become due. For the payment of such <br />principal and interest, the City of Portsmouth shall have power <br />and be obligated to levy ad va!or~ taxes without limitation as <br />to rate or amount on all the property subject to taxation by the <br />City. <br /> <br />-5- <br /> <br /> <br />