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~by~ given the City Manager of the City of Portsmouth to prepare and issue Bond <br />~Anticipation Notes in the form hereins_~ter prescribed a~ for the sum of $2,500,000 <br />in the aggregate, in auticipation of the issus_u~ of a like principal amount of <br />general obligation bonds authorized to be issued by said Ordinance No. 1968-87. <br />'~Said notes shall' be dated July 2, 1969, be' entitled "Bond Anticipation Note", <br /> <br /> o~e st~71 be of the denomination of $500,000 and two shall be of the denomination <br /> of $I, 000~000 eash, mature Mar~h 2, 1970, and hear interest at the rate of five <br /> and ninety-five hundredths per centum (5.95%) per ~um. Both principal of ~ud <br /> interest on the notes shall be payable at the mtu~ity thereof. The full ~aith <br /> and credit of the City of Portsmouth shall be, and hereby are, pledged to the <br /> Dayment of~ the principal and interest thereof. The action of the City Manager in <br /> se~g said notes is hereby ratified. <br /> <br /> SECTION 2. ~he notes sh~11 be issued in bearer Form with provision for <br /> registrat~ as to principal and interest. Fach note shall be payable as to both <br /> principal and interest at the principal office of the purchaser thereof, or at <br /> such ether place as my he designated by said purchaser. The notes shall be signed <br /> by the City Treasurer or Deputy City Treasurer and the City Manager of the City <br /> of Portsmouth and the corporate seal ~f the City of ,Port~uth shall be affixed <br /> thereto and attested hy the City Clerk or Deputy City Clerk. The notes shall he <br /> issued in substantially the following form: <br /> <br />NOt <br /> <br />-2- <br /> <br /> <br />