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Virgi~-~a.~ 1950~ the Ch~ter of the Cit~? of Ports~muth and an election of the aua!ified voters of the City held on the se¥'en~ch 5~y of h~ovember~ 1961, ~d p~Psu~at to an orbital, nee duly adopted by the Co~ncii of the City of Poresmouth on the seventeenth day of October~ !961~ and a resolution duly adopted by '6he Co~cil of the City of Portsmouth on the seventeenth day of December~ 1968~ u~der said Chapter 5~ It is hereby certified mhd recited that all acts~ conditions smd things required by the Constitution and Statutes of the State of Virginia~ to exist~ to have hqepened~ s~ad ~o be perfo~ed precedent so and in the is- susmce of this bond~ exist~ have happened s~nd have eee~ pe:cformed in due t~me~ form m~d m~a%~.er as requ~med by iaw~ end tbs~ the issue of bonds of ~¢?~ch this is one: to~ether ~¢~th all other i~ndebtedmess of the City~ is within the otheR,&se authorized indebtedness of said City~ smd is ~_thin ever~y debt mhd other limit prescribed by the Constitution amd laws of the State of Virginia~ The ~al! faith and credit of the City of Portsmouth s~.e hereby irrevocably pledged for the payr..~ent of the r~rinci-oal s~nd interest of this bo~d and the ney revenue of the wate~~ ~o~ks s~stem of the City is hereby ~rrevocabiy pledged to the pa}vnent of the principal s_n_d .~aterest of this bond~ a~nd the fees~ rents sled charges for the use of said system sNs. lt be Faintained at a level wlmich v~t! produce ney revenue sufficient for the ~ ~nte~es~ aha ~o~ sany reserve fund d~emea ps~5~-ent of the ~r_,nczpal aha ' ~ · ' ~ ~ neces~a~y for the efficier2¢ administration of the system of water works and for the protection of the holder of this bond and the other bonds sued pums~nt to said ordinance. Tn_is bond is not su}ject to te~ation by the City of Portsmouth s~d the cousons hereto attached shall ~ at and after maturity, be reeei~-ed in payment of all dues~ taxes s~nd ~ssessments due to the City. IN ~ITN~SS ~?~ROF~ the City of Portsmouth has caused this bond to be ~anually sic%ed by the Mayor s~ad to be si~aed by the facs~le signature of the City Treasurer of said City~ s~nd a facs~i!e of tNe seal of the City to be %~rorinted hereon, attested b;~ the facsimile si~ture of the City Clerk~ s~_d the coupons hereto attached to be ~thenticated by the facsLm~ie - ~ 19~. sinecure of the City Treas'du~e? ~nd this ~ond to be dated MP~ch 1~ '~ Ahtest: P~yor of the City of Portsmouth~ VirgiNia City Treas~er