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- 2 <br /> <br />FOR' THE PURPOSE OF MAKING IMPROVT~..~NTS~ EXTENSIONS AND <br /> <br />TO ~CTiON 127, C~USE (B) OF THE. CONSTITUTION OF VIRGiN~ <br /> <br />AN~ C~PTER 5 OF TITLE 15.1 OF THE CODE OF VIRGINIA, 1950, <br />~D ~DER AUTHORITY OF THE VOTE OF T~-QUALIFIED VOTERS OF <br />T~E CI~ OF PORTSMOUTH AT AN iELECTION HELD ON THE S~VENTH DAY <br /> <br />OF NOV~4BER, 19~i, ~D iz~AKING PROVISION FOR T~ FOruM OF SAID <br />BONDS ~D FOR T~ PAYMENT THEREOF". Said bonds shall be dated <br />Dec~ber 1~ 1969, shall bear interest at .t~ rate of six per <br />cent~ per annum payable semi-annually eash June 1 and December <br />1, and shall mature on 'Dec,bet 1 in each 0f the years and in the <br /> <br />principal amounts as <br /> <br />follows, <br /> <br />Year of ;~ount <br /> <br />1970 $130,000 <br />1971 130~000 <br />1972 130,000 <br />1973 180,000 <br />t9~4 180,000 <br />1975 180,000 <br /> <br />Said bonds <br /> <br />without option of prior red~nption: <br /> <br />shall be issued in <br /> <br /> Year of Amount <br /> Matu_r~ t_.y~ ~ <br /> 1976 $130,0D0 <br /> 1977 130~000 <br /> 1978 130,000 <br /> 1979 130,000 <br /> 1980 80,000 <br /> 1981 70,000 <br /> <br />accordance'with the provisions of <br /> <br />the aforesaid Resolution and°this Resolution, and the Ci{~ <br />Manager is hereby authorized'to~mplete the sale of said bonds <br />and the delivery 6f'the same to the purchaser thereof upon the <br /> <br />pas~ent of the purchase price <br /> <br /> Adopted by the Council <br />at a meeting held November <br /> <br />therefor. <br /> <br /> of the City of Portsmouth, <br /> ,'1969. <br /> <br />Virginia, <br /> <br />Teste: <br /> <br /> <br />