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~pal. ~ith ~e consent of the hol~ = ....... ~ ~ this bond w¼~ ~ ..... ~-~ ' ~ ' U -7-- ~nu ~ne ui~y o~ Portsmoueh ~. ~ -- . ...... ~=~u~u ln~o a oon~ registered ~ ~ ~ .... - ' ~lpaz and Interest m=,, ~ ..... ~ _ ~ .~ ..... ~un prln- ~ ~ registered as to both przncipal and interest co.,ve,=ed into a bo~~ ~= ==u~=.ver=e~ into a coupon bond and again as hereinabove provided but always at the expense of the ~ ~ -[ no~der Upon reconversion of this bo=~a, when registered as to principal ~and interest~ into a couDon~ bond~ coupons representing the in- =e~es~ to accrue on this bond, to date of maturity shall be at- tached thereto by the Registrar~ and the Registrar shall note in the registration blank below whether the bond is registered as to principal only or payable to bearer. DATE OF REGISTRATION: iN WHOSE NAME REGISTERED: ~NNER OF REGISTRATION: SIGNATURE OF Section 2. The full faith and credi~ of the City of Ports~outh shall be pledged to the payment of the principal of and interest on the Bonds as the s~me become due. For the pay- ment of such principal and interest, the City of Portsmouth shall ~ve p?wer and be o~ligated to levy ad valorem ta~ i!mitatio ~ - - ...... ~O~ taxation ~ya[h~°c[~T or amount on all the property subject to ~. e~lo~,S ~' ~ 3. Full power and authority is hereb iven to the City M=na~e~ of the Ci~ ~ ~ ....... Y g .~ ~--=- ,~ ~ L ' ~ ~3 ~ ~smoumn ~o prepare and iss-, ~un~lln~reoI.- The Clty Manager is authorized to cause to=be =~i~pr-n=e~ on the back of each of the Bon~s a co f~nat legal opinion w~eh -~o~ ..... ~ ~ ~3 u~ ~ne complete .... =~=~= =o u~e 5on~s, with the name of une]a~uorney or atLornevs tender,n= ~ ~.- .~ .. . ~ - = ~e~ together with a cer=lzicat=on of nne Clty Clerk evidenced by of tha~ g"'~ a zacszml=e signature o-Icier, to the effect that the copy is a true and correc~ copy o~ the legal opinlon whith was dated as of the date of de!ive~y of and payment for the Bonds. Full power and authority is hereby given the City Manager ~o sell said bonds in such manner, either at public or private sale, and at such time and place, as the Ci~ Manager may determine; provided, however, that no sale shall made without the approval of the City Council. Section 4. The Bends shall no= be subject to taxauion by the City of Portsmouth, and the coupons pertaining to said 5