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Chase Manhattan Bank (National Association), New York, New York. <br /> <br /> This bond is one of a series aggregating Five Million <br />Dollars ($5,000,000) and is issued for the purpose of providing <br />funds for urban renewal purposes, the construction of public <br />buildings, curbs, gutters and drainage facilities, street and <br />highway improvements; for construction and equipment of certain <br />parks and recreation facilities; and for purchase of equipment <br />for transportation, public safety and waste disposal, under <br />and pursuant to and in conformity with the Constitution and <br />statutes of the CoF~onwealth of Virginia, including Chapter <br />5 of Title 15.1 of the Code of Virginia, 1950, and the charter <br />of the City of Portsmouth, and pursuant to resolutions of the <br />Council of the City of Portsmouth adopted September 26, 1972, <br />and , 1972, under said <br />Chapter 5o <br /> <br /> It is hereby certified and recited that all acts, con- <br />ditions and things required by the Constitution and statutes of <br />the Co~uonwealth of Virginia, to exist~ to have happened, and <br />to be performed precedent to and in the issuance of this bondy <br />exist, ha~e happened and have been performed in due time, form <br />and manner as required by law, and that the issue of bonds of <br />which this is one together with all other indebtedness of the <br />City, is within the otherwise authorized indebtedness of said <br />City, and is within every debt and Other limit prescribed by <br />the Constitution and laws of the Commonwealth of Virginia. <br /> <br /> The full faith and credit of the City of Portsmouth <br />are hereby irrevocably pledged to the payment of the principal <br />of and interest on this bond. <br /> <br /> This bond is not subject to taxation by the City of <br />Portsmouth and the coupons hereto attached shall, at and after <br />maturity, be received in payment of all dues, taxes and assess- <br />ments due to the City. <br /> <br /> IN WITNESS ~IEREOF, the City of Portsmouth has caused <br />this bond to be manually signed by the Mayor and to be signed <br />by the facsimile signature of the City Treasurer of said City, <br />and a facsimile of the seal of the City to be imprinted hereon, <br />attested by the facsimile signature'of the City Clerk; and the <br />coupons hereto attached to be authenticated by the facsimile <br />signature of the City Treasurer; and this bond to be dated <br />November 1, 1972. <br /> <br />(SEAL) <br /> <br />Mayor of the City of Portsmouth, <br />Virginia <br /> <br />-3- <br /> <br /> <br />