Laserfiche WebLink
SECTION 3. ~ne action of the City M~Lnager in soliciti~g oral <br />tenders for such notes as bearer notes registrable as to principal and <br />interesT, is hereby ratified, confirmed and approved. Said $3,000,000 <br />notes shall be, and hereby are, sold to The Chase M~hattan Bar~; Natior~l <br />Association, New York, New York, at par and accrued interest. <br /> <br /> SECTION ~. The ss2d notes shall be issued to the aforesaid <br />purchaser, and the City Manager is hereby authorized to complete the <br />sale of the said notes and deliver the same To the said purchaser upon <br />payment of the purchase price therefor. The proceeds of the sale of <br />said notes shall be applied to the same purposes for wbich the bonds <br />authorized by Ordinance 1968-87 were authorized. <br /> <br /> SECTION 5. Ail previous resolutions of the City Council to <br />the extent they are inconsistent herewitln are hereby repealed. <br /> <br /> Adopted by the Council of the City of Portsmouth, Virginia, at <br />a meeting held April 29, 1969. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />