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that the property to which the lease pertains would be operated by the <br /> ~cr-mm~saion, such assignment being permitted by the Lease. <br /> <br /> This Council hereby firds and determines that it is necessary, <br /> advisable and desirable that the aforesaid assignment of the Lease be <br /> validated, ratified, confirmed and approved by a record affirmative vote <br /> of at least six members o~ this Council. <br /> <br /> SECTION 2. Validation, Ratification,Cor~firmatmon' ' mud Approve] <br /> <br />of Assignment of the Lease.' Each of the following is hereby ratified, <br />validated, confirmed and approved: (i) the assigr~nent and transfer of <br />the Lease and ail rights of the City thereunder by the City to the Conm~iasion <br />(which assi~ent and transfer was approved by this Council by resolution <br />adopted September 12; i967); (ii) the instrument executed September I3, 1967, <br />by officers of the CYty and~-the Cmmmission evidencing such assignment and <br />transfer (by which the Cawndssion assumed all agreements, covenants and <br />obligations of the City contained in the Lease and understood that it <br />became directly obligated and liable ~o the Authority Ln the performance <br />of the Lease); and (iii) the execution of such instrument on behalf of the <br />City. <br /> <br /> SECTION 3. Effectiveness of Resolution. This resolution shall <br />take effect in~nediately. <br /> <br /> Adopted bY. the Counci! of the City of Portsmouth, Virginia, <br />at a meeting held February 7, 1968. _ <br /> Teste: <br /> <br />City Clerk <br /> <br /> <br />