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AN ORDINANCE TO AMEND SECTION 11-19 OF THE CODE OF TEE CITY OF PORTSMOUTh, VIRGINIA, l$73,.PERTAINING TO TEE DISPOSITION OF CERTAIN PAID AI~D CANCELLED BONDS AND INTEREST COUPONS. BE IT ORDAINED by the Council of the City of Portsmouth, 1. That Section 11-19 of the Code of the City of Portsmouth, Virginia, 1973, be amended and reordained to read as follows: Section 11-19. Disposition of certain paid and cancelled bonds and interest coupons. All bonds and interest coupons which have been paid and cancelled for more than ten Gl0) years, and all interest coupons which are surrendered on bonds registered both as to principal and interest, shall be destroyed and burned by the Director of Finance in the presence of two (2) witnesses. A certificate, signed by the Direc~cor o~Fi~nance and the witnesses, showing the numbers and amounts of the bonds and coupons and the date of issue shall be filed with the City Clerk. The City Council, by resolution, may approve the re- tention of certain paid and cancelled bonds which have historical significance for display, presentation and distribution purposes. Such resolution shall set forth the type, issue date and serial number of the bonds to be re- tained as well as the purpose for such retention. The Director of Finance shall certify prior to the release from his custody of any such bonds that all such bonds have ~been cancelled by perforation. 2. This ordinance shall take effect from the date of its adoption. Adopted by the Council of the City of Portsmouth, Virginia, at a meeting held December 13, 1983. Teste: City Clerk