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A RESOLUTION TO AUTHORIZE THE iSSUANCE OF THREE MILLION DOLLARS OF BONDS TO BE KNOW~ AS UTILITY BONDSw FOR THE PURPOSE OF MAK- ING IMPROVE~kENTS, EXTENSIONS AND ADDITIONS TO THE REVENUE PRO- DUCING UNDERTAKING OF THE CITY CONSISTING OF ITS COMBINED WATER SEWER A~D SEWAGE DISPOSAL SYSTEMS, PURSUANT TO ARTICLE VII, SECTION I0, CLAUSE (a) (2), OF THE CONSTITUTION OF VIRGINIA, AND CHAPTER 5 OF TITLE 15.1 OF THE CODE OF VIRGINIA, 1950, AND UNDER AUTHORITY OF THE VOTE OF THE QUALIFIED VOTERS OF THE CITY OF PORTSMOUTH AT AN ELECTION HELD ON THE SECOND DAY OF NOVEMBERt 1971, AND FAKING PROVISION FOR THE FO~ OF SAID BONDS AND FOR THE PAYMENT THEREOF. WHEREAS, the City of Portsmouth is authorized to es- tablish or enlarge its revenue producing undertaking consisting of its combined water, sewer, and sewage disposal systems, and it is necessary and expedient to make certain improvements~ extensions and additions to suck revenue producing undertaking and to issue bonds of the City in the sum of Three Million Dollars for that purpose; and WHEREAS, under and by virtue of Chapter 5 of Title 15.1 of the Code of Virginia~ 1950, the Council of any city in this State which is authorized to acquire, maintain or establish a revenue producing undertaking consisting of water, sewer and sewage disposal systems, or other specific undertaking from which the City may derive a revenue, may, in accordance with Article Vii, Section 10, Clause (a) (2), of the Constitution of Virginia issue so many bonds as may be necessary to acquire, maintain or estab- lish such revenue producing undertaking, or other specific undertaking; and WHEREAS, Article VII, Section I0, Ca!use (a) (2), of the Constitution of Virginia, requires the ordinance authorizing the issuance of such bonds to be approved by the affirmative vote of the majority of the qualified voters of the City voting upon the question of their issuance at the general election next succeeding the enactment of the ordinance, or at a special election held for that purpose; and WHEREAS, by virtue of an ordinance adopted by the Council of the City of Portsmouth on the fifteenth day of September, 1971, entitled, "AN ORDINANCE TO AUTHORIZE THE ISSUANCE OF FIVE MILLION FiVE HUNDRED THOUSAND DOLLARS OF BONDS TO BE KNOWN AS UTILITY BONDS, FOR THE PURPOSE OF PLAK- ING IMPROVEMENTS, EXTENSIONS AND ADDITIONS TO THE REVENUE PRODUCING UNDERTAKING OF THE CITY, CONSISTING OF ITS WATER, SEWER, AND SEWAGE DISPOSAL SYSTEMS, PURSUANT TO ARTICLE VII, SECTION 10, CLAUSE (2) OF THE CONSTITUTION OF VIRGINIA, AND C~APTER 5 OF TITLE 15.1 OF THE CODE OF VIRGINIA, 1950" the