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Utility Bonds shall be applied to'the payment of the costs of acquiring, · ~ enlargin~ the constructing, reconstructing, improving, extendlno or revenue producing undertaking of the City.~ consisting of its waters sewer and sewage disposal system of the City and to no other purpose· The Utility Bo~ds shall be signed by the Mayor and by the City Treasurer of the City of Portsmouth~ either of whose signatures upon the Utility Bonds may be a facsimile of his signature. A fac- simile of the seal of the City of Portsmouth shall be imprinted thereon, attested by the £acsimile signature of the City Clerk. The coupons attached to the Utility Bonds shall be signed by the facsmmml signature of the City Treasurer. The Utility Bonds and couyons pertaining thereto shall be substantially in ~he following form, to-wit: UNITED STATES OF AMERICA CO~ONWEALTH OF VIRGINIA CITY OF PORTSMOUTH UTILITY BOND No. $5:000.00 ' The City of Portsmouth, a municipal corporation of the Commonw&atth of Virginia, hereby acknowledges itself indebted for -value received and promises to pay to the bearer, or if this bcnd be registered, to the registered holder'hereof: on the day of ., 19 _, the sum of' Five Thousand Dollars~ upo----~ the surrender hereof, and to pay interes~ at the rat'e of per centum per annum payable semi-annually on the day cf __ and in each year, after date, unti-------1 maturity, upon surrender of the annexed coupons as they severally, become due, or if this'Bond be registered as to both principal and interest., to the registered holder hereof, Both principal and interest of this bond are payable in lawful currency of the United States of America, at The Chase Manhattan Bank, N.A., New York, New York. .This bond may be registered by the holder as to principal or as to both principal and interest in accordance with the provisions f~r such registration endorsed hereon. This bond is one of a series aggregating One Million Dollars, and is issued for the purpose of making certain improvements, extensions and additions to the revenue producing undertaking of the City consist- ing o£ its water, sewer, and sewage disposal systems, under and.pur- suant to and in conformity with the Constitution and statutes of the Commonwealth of Virginia, including Chapter 5 of Title 15.1 of the Code of Virginia, 1950, the Charter of the City of Portsmouth and an election of the qualified voters of the City held under said Chapter 5 on the fifth day of November, 1968, and pursuant to an ordinance duly adopted by the Council of the City of~'Portsmouth on the eighth day of October: 1968, and a resolution duly adop5ed by the Council of the City of Portsmouth on the llth day of November, 1969, under said Chapter 5.