1971 Resolutions - Laserfiche WebLink

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principal only or payable to bearer, DATE OF REGISTRATION: IN WHOSE NAME REGISTERED: MANNER OF REGISTRATION: SIGNATURE OF REGISTRAR: Section 2. The full faith and credit of the City of Portsmouth shall be pledged to the payment of the principal of and interest on the Bonds as the same become due. For the payment of s~ch principal and interest, the City of P6rtsmouth shall have power and be obligated to levy ad valorem taxes without limitation as to rate or amount on all the properny subject to taxation by the City. Section 3. Full power and authority is hereby given to the City Manager of the City of Portsmouth to prepare and issue the Bo~ds in such form and for such sum as is authorized by Sec- tion 1 hereof. The City Manager is authorized to cause to be imprinted on the back of each of the Bonds, a copy of the complete final legal opinion with respect to ths Bonds, with the name of the attorney or attorneys rendering same, together with a certification of the City Clerk evidenced by a facsimile signature of that officer, to the effect that the copy is a true and correct copy of the legal opinion which was dated as of the date of delive~y of and payment for the Bonds. Full power and authority is hereby given the City Manager to sell said bonds in such manner, either at public or private sale, and at such time and place, as the City Manager may determine; provided, however, that no sale shall be made without thm approval of the City Council. Section 4. The Bonds shall not be subject to taxation by the City of Portsmouth, and the coupons pertaining to said Bonds, shall after the maturity of said coupons, be received in payment of all dues, taxes, and assessments due to the City. Section 5. Ail resolutions or orders, or parts thereof, in conflict with the provlsions of this resolution, are to the extent of such conflict hereby repealed.