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the Co~cil of the City of Portsmouth, Virginia, ¼~on presentation hereof to such Bond Registrar, who shall make notation of such registration ~n the registration bls_nk below., sm~d this note may thereafter be transferred only ~on s~n assignment duly executed by the registered ovmer or b~s attorney or legal representative in such form as shall be satisfactory to the Bond Registrar, such trar~sfer to be .~ade on such_ books and endorsed hereon by the Bond Registrar. Such transfer may be to bearer~ and thereby transferability by delivery shall be restored~ but this note shall again be suf~ject to successive registrations ~d trs~nsfers as before. The principal of s~nd interest on this note~ if registered~ t~nless registered to bearer, sb~ll be payable only to or upon the order of the registered o'~er or his legal representative. DATE OF REG!STP~TION h[~ OF REGISTERED 0~>~ S IGNAT01a~E OF BOb~ ~ ~STR~R ~, ~ne action of the City Msm~ger in soliciting tenders for such notes as bearer notes registrabte as to principal mhd interest, is hereby ratified, corm~i~nedand approved. Ail previous resolutions of the City Council to the extent they are inconsistent herewith are hereby repealed. ~. That the said notes be issued to the aforesaid pt~rchasers at the respective ra~es of interest and the City M~m.n~ger is hereby authorized to complete sale of the said notes ~ ~eliver the ssm~e to the resoective p~rchasers upon the payment of the ptu~cb~.se price therefor, bein~ ~he principal mmount of $7,000,000.00 plus a Drem~mm of $12.00 on the no~es sold to ~ricmn ~'[ational Bs~nk and a pre~n of $~1.40 on the notes sold to.The Rm~ of Virginia. Adopted by the Comncil of the City of Portsmouth~ Virginia, at a meetir~ ~mld Dece~er 12~ 1967. Teste: City Clerk