1970 Resolutions - Laserfiche WebLink

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the Registrar, and the Registrar shall note in the registra- ~moneo±~n~ below whether the bond is registered as to principal only or payable to bearer. DATE 'OF IN WHOSE NACRE MANNER OF SIGNATURE OF REGISTRATION: REGISTERED: REGISTRATION: REGISTRAR: and for.~he protection of the holders-of the Utility Bonds. A sufficient amount .of the revenue derlved~from the aforesaid undertaking after deducting the cost of operation and administration, _including interest on the Utility~Bonds and the cos~ of insurance against the loss by injury to persons or property (if any) shall~be set aside annually and covered into a Si~king fund to pay as they mature all bonds issued under the aforesaid ordinance. - Section ~. Full power and authority is hereby given the City Manager to date the Utility~Bonds as of any date within th~ current, fis- cal year, and to sell the Utility Bond~ in such manner, either at private or public sale~ and at such time and place, as the City M~nager may de- termine; provided, however, that the Utility Bonds shall not be sold upon a basis which willcost the ~ity of Portsmouth interest on the money received therefor at the rate of more than six per centum per annum, and that no sale shall be m~de without the approval of the City Council. The C&ty Manager is. further authorized to sell the Utility Bonds either ~ogether with or separate from any other full faith and credit bonds of the City authorized for issuance. - Full power and authority is here~y given to the City Manager of the City ~f Portsmouth to prepare and issue the Utility Bonds in such form and for such sum as authorized'by Section 1 hereof. The said City Manager is authorized to caus~ to be imprinted on the back of each said Utility Bond a copy of the complete final legal opinion with respect to said ~onds, with name of the a~torney~or attorneys