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$540~000 of said bonds to be payable on M~rch 1~ $540~000 of said bonds to be nayab!~ on ~,'~fch 1~ $540~000 of said bor~ffs to be psyso±e~on i~rch 1~ $540~000 of said nonds to be $54C~000 of said bor~s to be $540~000 of said bonds vo be $5~40~000 of said bonds to be $540~000 of said bonms vo be $5s,0~000 of said bonds ~o be 1986 1987 1988 1989 1990 199! 1992 1993 i994 ~he said bonds sbs.!l be manu~aily signe4 by the Ms%~or of the City of Portsmouth a~ sb~!l be s~ln~, by the fsss~mile s~N~t~re of the City ~eas~- ~ with a facs~iie of th~ seal of the City ~mprin~ thereon~ attest~ by the facsimile sig~v~e of the City Clerk~ ~ad the c~pons shall be s~n~ by the facs~niie si~n~u~e of the City Treasurer~ ar~ sb~ll be ~ subs~ntial-~ ly the follo~g fo~ ~t~wit: gNIT~ STA~S OF ~2,~ICA STA~ OF ~Zq~ CI~ OF ~TSM~YH GE}~ OBLIGATION BO?~ $5~ 000,00 No, 'I~ne City of Portsraouth~ a municipal corporation of tlne State of Vir- ginia~ hereby ac?aaowlaq[ges itself ~ndobted for v~ue receiv~ ~ praises to p~, to the be~er~ or if this bond be registered~ to the regist~ holdc~ h~eof~ on ~he f~st day of M~ch~ i9~ ~he s-am of Five ~ious~d Doti~s~ and to ~y ~terest thereon ay tlne rate of per cenv~ per amn-~ ~.yable s~iamm~lly~ on t!~e f~st day. of M~ch a~ S~ot~ber ~ each yem~ ~t~ date, umziZ mat~ity~ upon s~render of the annmx~ coupons as they severity bec~e due, or if this bor~. be register~ as to both principal ~ ~terest~ to the register~ holder hereof. Both pr~cipal ~ ~ter- est of this bond m~e ~.yable ~n ~wTut cumrency of the U~t~ States of America at ~e Chase Mar~tt~n ~k (Natior~! Ass~tion)~ New York~ New YorM, This bond may be register~ as to princi~.l by the holder ~ his r~r~e on the books of the City ~ruditor a~ s~ch registration shall be hereon~ after which no vali~ tr~msfer hereof sb~lZ be made~ ~cept upon ~.id books tmti! after resisver~ trsnsi'er to besrer~ Such registration