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(FORM OF COUPON) <br /> <br />NO. S <br /> <br /> The City of Portsmouth, a municipal corporation of <br />the Commonwealth of Virginia, will pay to bearer on the <br />day of , 19 , the sum of <br />in lawful currency of the United States of America at The <br />Chase Manhattan Bank, N.A., New York, New York, being the <br />interest then due on its General Obligation Bond dated April <br />1971. <br /> <br />No. <br /> <br />City Treasurer <br /> <br /> (FORM OF REGISTRATION) <br /> <br /> This bond may be registered in the name of the holder <br />on the books kept by the City Auditor of the City of Portsmouth, <br />Virginia, as Registrar, as to princCpal only, such registration <br />being noted hereon by the Registrar in the registration blank <br />below, after which no transfer shall be effective against the <br />Registrar, the City of Portsmouth and the paying agents for this <br />bond unless made on said books by the registered holder or <br />attorney duly authorized and similarly noted by the Registrar in <br />the registration blank below; but it may be discharged from such <br />registration by being transferred to bearer, after which it shall <br />be transferable by delivery, but it may be again registered as <br />before. The registration of this bond as to principal shall not <br />restrain the negotiability by delivery merely of the coupons <br />pertaining hereto, but the coupons may be surrendered and the <br />interest made payable only to the registered holder, in which <br />event the Registrar shall note in the registration blank below <br />that the bond is registered as to interest as well as to prin- <br />cipal. With the consent of the holder and the City of Portsmouth, <br />this bond when converted into a bond registered as to both prin- <br />cipal and interest may be reconverted into a coupon bond and again <br />converted into a bond registered as to both principal an~ interest, <br />as hereinabove provided, but always at the expense of the holder. <br />Upon reconversion of this bond, when registered as to principal <br />and interest, into a coupon bond, coupons representing the in- <br />terest to accrue on this bond to date of maturity shall be at- <br />tached thereto by the Registrar, and the Registrar shall note in <br />the registration blank below whether the bond is registered as to <br /> <br /> <br />