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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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- 6 <br /> <br />payment the net revenue of <br />o"f the City, consisting of <br /> <br />the revenue producing undertaking <br />the water, sewers., and sewage o_sposal <br /> <br />systems, and the fees, rents_and cbmrges for. the use of said <br />undertaking shall b~ maintained at a level which will produce <br />net revenue sufficient for the payment of said principal and <br />i~terest and for any reserve fund deemed necessary for the efficient <br />administration of said undertaking and for the protection of the <br />'holder of ~his bond an~d t~e o~herbonds issued pursuant to the <br /> <br /> aforesaid ordinance. <br /> <br /> This bond is not subject to taxation by the Gity of <br /> Ports~_ou~h a~d ~he coupons he~e attac~ed shatl~ at and after <br /> maturity~ be received in pas~.ent of all dues~ taxes and assess- <br /> ments due to the City. <br /> <br /> IN WITNESS WHEREOF, the City of Portsmouth has caused <br /> <br /> this bond to be signed by the Mayor and by the City Treasurer <br /> o~-~aid City eithe~ of whose signatures hereon may be a <br /> facsimile of his signature; a facsimile of the seal of the City <br /> <br />to be imprinted hereon~ attested b~ the facsimile <br />the City Clerk; the coupons hereto attached robe <br />by the facsimile signature Of the City Treasurer~ <br /> <br />to be dated __, 19~ <br /> <br />signature of <br />authenticated <br />and this bond <br /> <br />M-~yor '-' City--6-f Portsm~t'H~ <br />Virginia <br /> <br />(Sm L) <br /> <br />Attest: <br /> <br /> <br />
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