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from the date of the Bonds. Both principal and interest of said Bonds <br />shall be payable in lawful currency of the United States of America, <br />at The Chase Manhattan Bank, N~A., New York, New York. The' Bonds shall <br />mature serially in numerical order, in such principal amounts and at <br />such times as shall be determined by the CityManager within bhe limits <br />of the Public Finance Act of 1958. The bonds may be redeemable or not <br />redeemable as the City Manager may determine, and if redeemable, shall <br />be redeemable at such times and prices as he'may determine within the <br />limits of the Public Finance Act of 1958. The date, interest payment <br />dates, i~terest rate or rates, maturities~ and redemptfon terms and <br />prices, zf any, shall be submitted t0 the. City Council, for its~approval <br />prior to the issuance and delivery of the bonds. The bonds shall be <br />issued in coupon form, registrable as~ to principal only or as'to both <br />principal and interest iR accordance With thei[form~-of ~egistration theme- <br />of hereinafter set forth. <br /> <br /> ' The.~onds shall be signed by .the Mayor and by the City Trea- <br />surer of the City of ~ortsmouth, either~6f who~e signature upon the <br />Bonds may be a facsimile 0f'his~ignatu~e. A facsimile ~ the seal[of <br />the City.of Portsmouth shall be~imprinted thereon, atte~tedmby the facL <br />simile smgnature of the ~ity. Clerk. The coUpohs attached to ~he Bonds <br />shall be signed by the f~cs~mile signatur~iof th~iCity~Treasur~r. The <br />Bonds and coupons pertaining thereto S'halt?~e substantially in the fol- <br />lowing form, to-wit: ~ <br /> <br />UNITED STATES OF AMERICA <br />COMMONWEALTH OF VIRGINIA <br /> <br />CITY OF PORTSMOUTH <br /> <br />GENERAL OBLIGATION BOND <br /> <br />No. $5,000.00 <br /> <br /> The City of Portsmouth, a municipal corporation of the Com- <br />~monwealth of Virginia, hereby acknowledges itself indebted for value <br />received and promises to pay to the '~earer,. or if this bond be regis- <br />tered, to the registered holder hereof, on the day of <br />l~ , the sum of Five Thousand Dollars, ~pon the ~urrender hereof, <br />and to pay interest thereon at the rate of __ per centum per annum <br />payable semi-annually on the day of and <br />in each year, after date, until maturity, upon surrender of the annexed <br />coupons as they severally become due, or if this bond be registered as <br />to both principal and interest, to the registsrad holder hereof. Both <br />principal and interest of this bond are pa~able in lawful currency of <br />the United States of America at The Chase Manhattan Bank, N.A., New <br />York, New Y0~k. <br /> <br /> This bond may be registered by the holder as to principal <br />or as to both principal and interest in accormance with the provisions <br />for isuch registration endorsed hereon. ~ <br /> <br /> <br />