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shall not affect the negotiabilitl~ of coupons which shall continue to pass by ~e!iver~'~ At the request of the ho!der~ this bond ~ili be registered as to bo'~h principal ~d interest ~d the coupons detache~ ~ad cs~cel!ed~ thereafte~ both principal and it~terest ~1t. be nayabie to the registered bolder, ~nis bo~d is one of a series a~egatip~z ~rteen !~llion Five Hu_~ed Tflousan~ Doll~s s~d is issued for tlne ~u~ose of provi~ f~nds to comply W_th the order ennered in the Circuit Court of the City of Chesa- pes~e~ V~gi~a~ on October 2~ 1967~ ~mmex~ng certain territory to the City of Portsmouth effective Jmnu~,y !~ .19~8; to 'oaf the e~enses inc~red as a result of the recent ~nexation proceeSings~ s~nd ~o o~smchase fire eqjaipment~ school buses ~d voting m~chines for use in the said ~naexed te~rito~'~ for the construction of schoots~ certain other ?uJnlic buil~2m~s~ ~d st~eets, and for u~bs_~ reP~?~al p~eoses~ ~er ~d ~s~,s-~nt t0 smd in confor~ty ~.%th the Constitution ~nd. Statutes of the State of Virginia, inciudiN6 Cbm. nter 5 of Title 15~I of the Code of Virginia~ ~ad the Ch~ner of the Cit~ of Portsmouth~ ~d pursuant to a resolution of the Co,~eiI of the City of Po~sm~uth~ entitled: "A ~SOLb~t0N A_U~RiZING ~ ISSUANCE 0P ~ ~iL~!0N PF~ F~ ~HOUSf~ ~13~500~000~00) ~ 0F ~N~S OF ~P~ CI%~k' OF P0~TSMOL~H~ ~G~N~ AS G~ OBLIGATION ~NDS~ FOR E~ PbP~OSE OF PRO~D!NG Fu~S TO CO~LY Wi~ 0~ ~ ~N ~ CIRCUIT C0b~T O~ ~ Ci~ OF CPBSAP~ 5{RGII~I&~ ON 0C'~B~ 2~'1967 ~ _%N~NG C~RTAIN ~ITORY TO ~4~ CI~ 0P PORTS${Ob~H ~CTF~ JA~rg~RY 1, 1968} ~ PAY ~ NLo~WS~ INC~e~ ~ A ~T 0F ~ ~C~ ~N$~TION PR~INGSt ~ F~CPZ&SE FI~ EQD~P~f~ SCH~L BUSES ~ t~TIliG P{&CHIN~S ~R USE IN ~ SA~ AN~ ~I~Y~ ~R T~ CONS~UCTION OF SCHWAS.. C~TAIN O~ PD~LIC Bbi~iNGS~ ~N~ S~S: ~i~ ~R L~N ~{~ P~POSB~ ~N~ N9.KING PRO~IISiON ~R ~ FOR!~ OF SAID ~}~S Ai,~ YOR ~ PA~,~N~ ~F~ adopted J~n~y 14~ 1969~ ~der said Chapter 5. It is hereby certified ~d recited that all acts~ conditions and tb~s resumed by the Constitution and Statutes of the State of Virgirla~ to exist~ to-ha~e hs~opened~ ~d to be ~erfo~ed erecedent vo ~nd in the 2ssu~cs of this bond~ exist~ have happen~ snd have been ~erfo~ned in due t~me~ form ~d m~m~er as r~e6 by law~ a~ad. tk~t the issue of bonds of which tbl~s is one~ together ~th ~I! other indebte&ness of the City~ is wit~n the ovhe~%se auvhorized ~ndebtedness of said City~ and is witl~n ever7 debt ~d other li~t prescribed by the Constitution mhd laws of the Stane of ~e Pul! faith ~d credit of fine City of P~r~smouth sPe hereby ir- ~vocsb!y pledged-for the pap~ent of the principal_ and interest of this bond. ~is bond is not s~loject to taxation by the City of Port~outh ~ad the coupons hereto attached shaiI~ at and ~ter Paturity~ be received in pap~ent of all dues~ taxes e~d assessments due to the City.