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This bond is one of a series aggregating Three Million Dol-
<br /> lars ($3,000,000) and is issued For the purpose of providing funds for
<br /> the construction of schools, certain Other public buildings, storm
<br /> sewers, and streets; for the purchase of property for governmental,
<br /> recreational and port development purposes; for the purchase of equip-
<br /> merit; for urban renewal purposes; and to p~'.certain annexation costs
<br /> pursuant to the order entered in the CircUlt~Court of the City.of Ches-
<br /> apeake, Virginia, on October 2~ i9~?, annexing certain berritor~ to
<br /> the City of Portsmouth, effective January~l, 1968, under and pursuant~
<br /> to and in conformity with the Constitution and statutes of the Common~
<br /> wealth 9f Virginia, including Chapter 5 of Title 15.1 of the Code of
<br /> Virginia, 1950, and the Charter of.~the City of Portsmouth,~ an~ Pursuant
<br /> to a resolution of the Council oflthe City. of Portsmouth,~ entitled': '~A~
<br /> RESOLUTION AUTHORIZING THE ISSUANCE OF TEN MILLION DOLLARS ($10;000,000)
<br /> GENERAL OBLIGATION BONDS. OF THE CITY OF PORTSMOUTH, VIRGINIA, FOR THE
<br /> PURPOSE OF PROVIDING FUNDS FOR THE CONSTRUCTION 0~ SCHOOLS] CERTAIN ~
<br /> OTHER PUBLIC1BUILDINGS, STORMSEWERS, AND~'STREETS; FOR THEPURCHASE oF
<br /> PROPERTY FOR GOVERk~ENTAL,'RECHEATIONAL~ ANDPORT DE~rELOPMENT PURPOSES;
<br /> .FOR THE PURCHASE OF EQUIPMENT; FOR URBAN-RENEWAL PURPOSES; AND TO PAY~
<br /> CERTAIN ANNEXATION COSTS PURSUANT TO THE ORDER ENTERED IN THE CIRCUIT'~
<br /> COURT OF THE CITY OF CHESAPEAKE, VIRGINIA, ON OCTOBER 2, 1967, ANNEXING
<br /> CERTAIN TERRITORY TO THE CITY O~ PoRTs~OU~H,m~E~FECTIVE ~ANUARY 1~ 1968~
<br /> AND MAKING PRovISION FOR-THE FORM OF SAID BONDS AND FOR THE PAYMENT
<br /> THEREOF," adopted July 28, 1970, under said Chapter 5.
<br />
<br /> ×~ It.is hereby certified and recited that all acts, conditions
<br /> and things required by the Constitution and statutes of the Commonwealth
<br /> of Virginia, to exist, to have happened, and to be performed precedent
<br /> to and in the issuance of this~b~d,~xist~ have hapPened and have b:~en
<br />~performed in due time, form and ~anner~as required by law, and that the
<br /> issuance of bonds of which this is onetogether with all other'indeb~-
<br /> ed~ess of the City, is within the~ otherwise 'authorized indebtedness of~-
<br /> said City, and is within everyldebt and'other limit prescribed by th~
<br /> C~nstitution and laws of the Commonwealth of Virginia.
<br />
<br /> The full faith and credit of,the City of Portsmouth are here-
<br /> by irrevocably pledged for the payment of the principal and interest of
<br /> this bond.
<br />
<br /> This bond iu not subJec~ to taxation by the City of Portsmouth
<br />and the coupons hereto attached shall, at and after maturity, be re-
<br />ceived in payment of all dues, taxes and assessments due to the City.
<br />
<br /> IN WITNESS WHEREOF, the City of Portsmouth has caused this
<br />bond to be signed by the Mayor and by the City Treasurer of said City,
<br />either of whose signatures hereon ~y be a-facsim±le signature of his
<br />signature; a-.facsimile of the-seal of the City to be imprinted hereon,
<br />attested by the facsimile signature of the City Clerk; the coupons here-
<br />
<br />to attached
<br />Treasurer; and this bond to be dated
<br />
<br />to be authenticated by the ~acsimile
<br />
<br />signature of the City
<br />
<br />
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