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1969 Resolutions
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1969 Resolutions
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Last modified
7/17/2001 6:13:36 PM
Creation date
6/22/2001 7:14:16 PM
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Ord/Resolutions
Year
1969
Ord/Resolutions - Type
Resolutions
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TO THE OPDER EN~E9J~D IN TPfE CIRCUi% COURT OF THE CITY OF <br /> <br />CHESAPF~AKE~ VIRGINIA, ON OCTOB~,R 2, 1967 AI~rNEXING CERTAIN <br /> <br />TER~RITORY TO THE CITY OF PORTSMOUTH~ EFFECTIVE JAN~JARY 1. 1968; <br />AND MJ-K!NG PROVISION FOR THE FOR~£ OF SAID BONDS A~ FOR THE <br /> <br />PAYMENT .n~_~v¢ . Said bonds shall be dated December 1, 1969~ <br />shall bear interest at the rate of six per centum p~r annnia <br />payable semi-annually each June 1 and December 1 and shall mature <br />on December 1 in each of the years and in the principal amounts <br />as follows, without option of prior redemption: <br /> <br />Year of Amount YeaK of Amount <br />Mat~rit~ Maturin~ 1~ Ma?urin~ <br /> <br />L970 $ 790,000 197~ . $ 790~000 <br />1971 790,000 1977 790,000 <br />1972 790,000 1978 790,000 <br />1973 i~,200,000 1979 790,000 <br />1974 1,200,000 i980 470~000 <br />1975 1,200,000 1981 400,900 <br />shall <br /> <br />Said bonds/be issued in accordance with the provisions of the <br /> <br />aforesaid Resolution and this Resolution, and the City Manager <br />is~hereby authorized to complete the sale of said bonds and'the <br /> <br />delivery of the same to the purchaser thereof upon the payment <br /> <br />of the purchase price therefor~ <br /> <br />2o The aforesaid Resolution adopted by'the City C9~9~nc{1 <br />of the City of Portsmouth, Vlrg~a, on November I!, 1969, be and <br /> <br />the same is hereby amended by adding thereto, after the present <br /> <br />thir8 recital thereof, the following additional ~*~ <br /> ~, to wit: <br /> <br />'~WHEREAS, the o__y of Portsmouth now <br />requires an additional Four I~-lmllzon Five <br /> <br />Hundred Thousand Dollars ($4,500,000) of <br /> <br />~enaral obligation bonds for the aforesaid <br /> <br />purposes; and~' <br /> <br /> Adopted by the Council of the City <br /> <br />Virgznza, at a meeting ~e~d <br /> <br /> <br />
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