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~ 3. Sections 1 and 2 of the aforesaid Resolution adopted by the Council of the City ~f Portsmouth, Virginia f November t1~ 1969, be, and the same ~ hereby amended to read in their entirety as follows: "Section 1. Pursuant to Section One Hundred and Twenty- seven, Clause (b), of the Constitution of Virginia and Chapter 5 6f Title 15.1 of the Code of Virginia~ 1950, the referred to ordinance and under and by virtue of a majority of the votes cast "For Bond Issue", at an election of the qualified voters' of the City of Portsmouth held'on the fif~th da~ of November, 1968, in order to make certain improvements, exte~slon~ and additions to the revenue producing undertaking of the City, consms~ng of its combined water, sewer, and sewage disposal systems, the City of Portsmouth shall borrow the s~n~ of One Million Dollars ($!,000,000): and there shall be issued One Million Dollars of bonds of said City'to be known as. '~Utility Bonds'~ (herein referred to as the ?Utility Bonds~), to evidence such borrowing. The Utility Bonds shall consist of two hundred bonds of the den~ination of Five Thousand Dollars each, numbered 1 to 200, both inc!usive~ upward Bon=s shall be dated in order of maturity. The Utility ' °t December 1, 1969. The Utzlz y Bonds~shali bear interest from their date at the rete of six per centum per annum. Interest on the Utility Bonds shall be payable semi-annually, with the first interest payment date being the day which is six months from the date of the Utility Bonds. Both principal and interest of~said Utility Bonds shall be payable in lawful currency of the United States of America, at The Chase Mann._~tan Bank, NoA., Ne~ York: New York. The U~zl~uy Bonds shall mature serially, ~- ~ ~ December 1 in each of the years and in the in numer%cal o~de~ on .... £ ~ ~nhout option of prior redemption: 5TIDCIDal ~OUD~S as