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1970 Resolutions
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1970
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1970 Resolutions
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7/17/2001 6:13:04 PM
Creation date
6/22/2001 7:10:43 PM
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Ord/Resolutions
Year
1970
Ord/Resolutions - Type
Resolutions
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the nego$iability by delivery merely of the c6upons pertaininE'hereto, <br /> but the coupons may be ~urrendered and~the interest made payable only <br /> to the registered holder, in which event the Registrar shall note in <br /> the registration blank below that the bond~is~registered as to interest <br /> as well as to principal. With the consent of the holder and the City <br /> of Portsmouth, this bond when converted into bond registered as to both <br /> principal and interest may be reconv&rted into a coupon bond and again <br /> converted into~a bond registered as to.both~principal, and interest, asj~ <br /> hereinabove provided, but always at t~e expense of the holder. Upon~ ' <br /> reconversion of this bond, when registered as to Principal and ih~ereSt, <br />~tnto a coupon bond, coupo~s~representing the i~terest to accrue on this <br /> bond ~to date of maturity sh~ll~ be attached thereto by'the Registrar, ~ <br /> · and the Registrar shall not~ i~. th~registratiohblank below whethe~ ~he <br /> bond is registered as to p~inCiPal only.or Payable to bearer..- <br /> <br /> DATE OF <br />REGISTRATION: <br /> <br />IN WHOSE N~ME . MA~ER OF <br />REGISTERED: REGISTRATION: <br /> <br />SIGNATURE'OF <br />REGISTRAR: <br /> <br /> ~ Section 2. The full faith and credit~of the City of~Po~ts- <br /> mouth shall be pledged to the paymen~ of the prmncipal 0~ and,interest <br />~on the Bonds as the same become dUe.~'jFor th~ payment of,.~Such p~incipal <br /> and interest, the City of Portsmouth Sha~t.haV~ ~o~er an~ be obligated <br /> to levy ad valorem taxes With0ut limitation' ~s to 'rate or amount on all <br /> the property subject to taxation~bY-~the'Cit~'~ <br /> <br /> Section 3. Full power and authority is ~ereby given ~he C-i~y <br /> nager to date the Bonds as of any date ~ithin th~ current fiscal year, <br />and to sell the Bonds in such manner, ~'ither~at private or public sale, <br />and at such time and place, as She City'Manager may. determine; provided, <br />however, that no sale shall be made without.the approval of the City <br />Council. The City Manager is further authorized to sell the Bonds <br />either together with or separat$ from an~ other full faith and~credit <br />bonds of the City authorized fo~ issuance. <br /> <br /> Full power and authority is hereby given to the City Manager <br />of the City of Portsmouth to prepare and issue the Bonds' in such form <br />and for such sum as is authorized by Section I hereof. The City Man- <br />ager is authorized to cause to be imprinte~ on-the ~ack of each of the <br />Bonds, a copy of the complete final legal opinion with respect to the <br />Bonds, with the name of the attorney or attorneys rendering same, to- <br />gether with a certification of the City. Clerk~ evidenced by a facsimile <br />signature of that office~, to the effect that the copy is a true and <br />correct copy of the legaI~opinion which w~s dated as q~the date of <br />delivery and payment of the Bonds. <br /> <br /> <br />
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