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rendering same, together with a certification of the'City Clerk,~ <br /> evidenced by a facsimile signature of that officer~ to the effect <br /> that the copy is a true and correct copy of the legal opinion which <br /> was dated as of the date Of~de!ivery and payment of the bonds. <br /> <br /> Section 4. The~Utility Bonds shall not be subject to <br /> taxation by the City of Portsmouth, and the coupons pertaining to <br /> said bonds, shall after the maturity of said coupons, be received <br /> in payment of all dues, taxes, and assessments due to the City. <br /> <br /> Section 5o The Utility Bonds authorized by this'resolution <br />shall not be included in determining the limitation upon the oower <br />of the City ot incur indebtedness~un~er bhe Provisions of Section <br />One Hundred Twenty-seven, Clause (b)~ of~ the Constitution of Vir- <br />ginia, but from and after ~0vemS&~ 5, 19?3,~wh~never and for so <br />long as the revenue producing 'undertaking ~onstructed and imprOved <br />out of proceeds of said bonds'fails to produc~ sufficient revende <br />to pay the cost of operation and a~minis~trati0n (including interest <br />on bonds issued therefor, and~.the%cost of~insurance agains~loss o~ <br />injuries to persons and pr~perty)~' and~an annual amount to be co~e~ed <br />into a sinking fund sufficient to,pay at~ or before m~turity all bonds <br />issued on account of said reve~e producing undertaking,.a~l~suCh <br />bonds outstanding shall be included in'determining th~ limitation <br />upon the power of the City Of Portsmouth to incur indebtedbess. <br /> <br /> Section 6. All other resolutions or orders,~o~parts <br />thereof~ in conflict with the provisions of.this resolution~ are <br />to the extent of such conflict hereby repealed. <br /> <br /> Section ~. This resolution shall take effect from its <br />passage. <br /> <br /> Adopted by the Council of the <br />at a meeting held Julys28, 19~0. <br /> <br />City of Portsmouth, <br /> <br />Teste: <br /> <br />Virginia, <br /> <br />City Clerk <br /> <br /> <br />