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~ne said bor~s shall be ms~ually signed by the Mayor of the City of Portsmouth and s~all be si~ed by the facsimile signature of the City Treas~rer~ with a facsLmile of the seal of the City L~rinted thereon, at- tested by the facsL?~le signature of the City Clerk, and the coupons shall be signed by the facsi~ile signature of the City Treasurer, and shall be in substantially the fotlov~g fom.~ to-wit: No. ~IT~D STATES OF Bi~'~CA STATE OF IrIRG!NI~ CI%f. OF PORT~fOUTH GF~h~bL OBLIGATION BON~ $5,000.00 The City of Portsmouth, a menicipal corporation of the State 'of V~Irgir~ia, hereby acknowledges itself indebted for value received and promises to pay to the bearer, or if this borJ be registered, to the registered holder hereof,=on the first day of June~ 19 , the s~a of Five Thousand Dollars, and to pay interest thereon at the rate of ~er centare per a~n~m payable sermiann-oally~ on the first d~y of June and-I~eSember in each year, e~ter date, until maturity, upon surrender of the s~aexed coupors as they severally become due~ or if this bond be registered as to both principal and interest, to the registered holder hereof. Both princi- pal and intere.st of this bond are payable in la~rful currency~of the United States of Amermca at ~ne C~ase ~hattan Bs~]{ (National Association), New York, New York. ~nis bond may be registered as to principal by the hoIder in his name on the books of the City Auditor and such registration sball be noted hereon, after which no valid transfer hereof snell be made, except upon said books until after registered transfer to bearer. Such registration shall not affect the negotiability of coupons which shall continue to pa~ss by delivery. At the request of the holder, tP~s bond will be registered as to botln princi- pal and interest and the coupons detached and cancelled, and thereafter both principal and interest ,,411 be payable to the registered holder. resolution of 2he Council of the This bond is one of a series aggregating Eight Million Dollars and is issued for the purpose of providing Funds to con~ly with the order entered in the Circuit Court of the City of Chesapeake, Virginia, on October 2, 1967, armexirg certain territory to the City of-Portsmout~ effective~January l, 1968~ to pay the expenses incurred as a result of the recent armexation proceedings; and to purchase fire equipment~ school buses mhd votimg machines for use in the said annexed territory, under and p~ursuant to and in conformity with the Constitution and Statutes of the State of Virginia, including Chapter 5 of Title 15.1 of the Code of Virginia~ and the Charter of the City of Portsmouth, and pursuant to a ~ of Portsmouth, entitled: ~