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$250.~000 of said bonds to be payable on April I, 1981
<br />$250.~000 of said bonds to be payable on April 1, 1982
<br />$250,000 of said bonds to be payable on April 1, 1983
<br />$250,000 of said bonds to be payable on April t, 1984
<br />$250,000 of said bonds to be payable on April 1, 1985
<br />$250,000 of said bonds to be payable on April 1, 1986
<br />$250,000 of said bonds to be payable on April 1, 1987
<br />$250,000 ef said bonds to be payable on April 1, 1988
<br />$250,O00 of said bonds to be payable on April 1, 1989
<br />$250,000 of said bonds to be payable on April 1, 1990
<br />$250,000 of said bonds to be payable on April 1, 1991
<br />
<br /> The said bonds shall be manually signed by the Mayor
<br />and shall be signed by the facsimile signature of the City
<br />Treasurer, of the City of PortsmoUth with a facsimile of the
<br />seal of the City to be imprinted thereon, attested by the
<br />facsimile signature of the City Clerk, and the coupons shall
<br />be signed by the facsimile signature of the City Treasurer,
<br />and shall be in substantially the following form, to-wit:
<br />
<br />UNITED STATES OF AMERICA
<br />COMMONWEALTH OF VIRGINIA
<br />CITY OF PORTSMOUTH
<br />GENERAL OBLIGATION BOND
<br />
<br />$5,000.00
<br />
<br /> The City of Portsmouth, a municipal corporation of
<br />the Commsnwealth of Virginia, hereby acknowledges itself indebted
<br />for value received and promises to pay to the bearer, or if
<br />this bond be registered, to the registered holder hereof, on
<br />the first day of April, 19 , the sum of Five Thousand Dollars,
<br />and to pay interest ~hereon at the rate of per
<br />centum per annum payable semiannually, on the first day of April
<br />and October in each year, after date, until maturity, upon sur-
<br />render of the annexed coupons as they severally become duet or
<br />if this bound be registered as to both principal and interest, to
<br />the registered holder hereof. Both principal and interest of
<br />this bond are payable in lawful currency of the United States of
<br />America at The Chase Manhattan Bank (National Association, New
<br />York, New York.
<br />
<br /> This bond is one of a series aggregating Five ~itlion
<br />Dollars {$5,000,000) and is issued for the purpose of providing
<br />funds for the construction of schools, under and pursuant to and
<br />in conformity with the Constitution and statues of the Common-
<br />wealth of Virginia, including Chapte? 5 of Title 15.1 of the Code
<br />of Virgznza, 1950, and the Char~er of the City of Portsmouth,
<br />
<br />
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