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per cent~a per ~n~m~ payable se~i-a~nually~ from the date hereof <br />until pa~ent of the principal sum. <br /> <br /> This aote may not be prepaid within three years of date, <br />unless ~ts m~m~ fails sooner, or ~nless the holder so agrees. <br /> <br /> ~s note s~ll ~e a general obligatio~ of the C~ty o~ <br />Ports~ut_~ Virginia~ payable from ta~es which may be levied~ ~th- <br />out l~tation of rate or amount. <br /> <br />CITY 0~ PO~TSM0-~, VIRGIniA <br /> <br />City Treasu~er <br /> <br />City Clerk <br /> <br />2. Ail actions of the City ?~nager done in co~ecvion with the issu- <br />ance of said $600~ ~00.00 of General Obiigati~a Notes is hereby con- <br />f~ed ~nd ratified, ~ae ~xec~ion of said aotes on behalf of the <br />City of Portsmouth by the C±ty Tr_eas~er is hereby conf~m._~d and rati- <br />fied. The actio~ of the City Clerk i~ affix~g the seal of the City <br />to said notes and attesti~ thereto is hereby confirmS, and ratified~ <br /> <br />3. ~ne ~ll faith ~ad credit of the City of Portsmouth is h~_eby <br />pledged to the princip~ of ~nd ~aterest on the notes as the same b~ <br />come ®~e~ For the payment of such principal ~nd interest~ the City <br />of Portsmouth s~il ?~ve powe? ~ be obligate~ to levy ad valorem <br />taxes without li~tation as to rate or amo~at o~ all the property s~s- <br />j~t to taxation by vhe City° <br /> <br /> Adopted by the Council of the City of Ports~suth~ Vir~i~a~- <br />a~ a meeti~g held Febr'~y 24~ 1970~ <br /> <br />Teste: <br /> <br /> <br />