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~on~.s o,.ah be paMable on ~lmrcb 17 1991. $60~000 of said · ~ o~ ' ~60~000 of said bonds s~halt be payable on Nai~ch 1~ 1992. $60~000 of said bonds slnalt be payable on P~rch t, t993. ~60~000 of said bonds shall be payable on }~-~,~ch 1~ 1994, The s~id '.sends shall be ms~aually signed by the Mayor of the City of Portsmouth s~nd sb~lt be sigh, ed b~f the facsimile sigP~atu~e of the City Treas,arer~ with a facsimile of the seal of the City Zmprinted thereon~ attested by the facsimile sigmavure of the City Oierk~ a_nd the coupons shall be sig~aed by the facsimile si~ature of t~e City Treas~mer, %he bonds sad coupons shall be substantially in the foliowins foi~ to-wit: UNIL~ ST~;ES 0F STATE OF ViRGiNiA WAi~R BOXD NO. -- · ' $5:000.00 The City of Portsmouth~ ~ municipal corporation of the Stave of -Virginia~ hereby aokaowledges itself indebted for ,value ~ecei~ed s~nd promises to pay to the bearer~ or if tleis bond be registered~ ~o the registered holder hereof, on the first day of }~lrch~ 19 ~ the sum of Five T~ouss_nd Del!ars: 8~.~d to pay interest thereon at the rate of ___per centum per 8~mem payable semi-ar~nually on the first day of ?~harch-s~nd September in each yesr, after date~ u~til matu~ity~ upon suk~render of the at,hexed coupons as they severally become due~ or if this bond be registered as to both principal and interest, to the registered holder hereof..Both principal 8~nd interest of this bond are pa~ab!e Ln la~al currency of the United States of America~ at Chase NbP/~mttan Bs~i< (NatioNml a_ssociation)~ New York~ New York. This bond may be FegisLered as to principaI by the holder in bis m~me on the books of the Cit~ Auditor ~d such registration shall b~ noted hereon~ after which no valid transfer hereof shall be mede, excep5 ueon said books~ until aP6erregistercd trarsfer to bearer. Such reg¢lstration sbmAi not affect the negoti~0iiity of coupons which shall conti~ae to pass by delivery. At the request of the holder~ this bond will be registered as to both principal and interest and the coupons detached smd c~ncelled: ~nd thereafter both. principal ss~d interest v,%!l be payable to the registered holder. This bond is one of a series a~gregatiN~ One .'}~llion Six Hchnd~red _~ousana Do!!ars~ she is lssue~ to~ ~n~ out. ese of m~r~ cert~!n ~rove- ments~ =--+=n~o~ :~ ~v,a' ~,~._~_ons~ . ~o the ~ver v, orxs~ ' system of the_ City~