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Chase Manhattan Bank (National Association), New York~ New York. This bond is one of a series aggregating Five Million Dollars ($5,000,000) and is issued for the purpose of providing funds for urban renewal purposes, the construction of schools, certain other public buildings, curbs, gutters and drainage facilities, street and highway improvements; for construction and equipment of certain parks and recreation facilities; and for purchase of equipment for transportation, public safety and waste disposal, under and pursuant to and in conformity with the Constitution and statutes of the Commonwealth of Vir- ginia, including Chapter 5 of Title 15.1 of the Code of Virginia, i950, and the charter of the City of Portsmouth, and pursuant to resolutions of the Council of the City of Portsmouth adopted September 12, 1972, and , 1972, under said Chapter 5. It is hereby certified and recited that all acts, con- ditions and things required by the Constitution and Statutes of the Commonwealth of Virginia, to exist, to have happened, and to be performed precedent to and in the issuance of this bond, exist, have happened and have been performed in due time, form and manner as required by law, and that the issue of bonds of which this is one together with all other indebtedness of the City, is within the otherwise authorized indebtedness of said City, and is within every debt and other limit prescribed by the Constitution and laws of the Com~onweaith of Virginia. The full faith and credit of the City of Portsmouth are hereby irrevocably pledged to the payment of the principal of and interest on this bond. This bond is not subject to taxation by the City of Portsmouth and the coupons hereto attached shall, at and after maturity, be received in payment of all dues, taxes and assess- ments due to the City. IN WITNESS WHEREOF, the City of Portsmouth has caused this bond to be manually signed by the Mayor and to be signed by the facsimile signature of the City Treasurer of said City, and a facsimile of the seal of the City to be imprinted hereon, attested by the facsimile signature of the City Clerk; and the coupons hereto attached to be authenticated by the facsimile signature of the City Treasurer; and this bond to be !dated November 1, 1972. (SEAL) Mayor of the City of Portsmouth, Virginia -3-