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$5~000.00 The City of Portsmouth, a municipal corporation of t~ State of ~kr~nta, hereby ac~owled~ itself ~debted fo~ ~alue ~ceived ~d pro~ses ~o p~ to the be~r, or if ~his b~d be re~ste~d, to the ~gistered holder ~nd to p~ ~te~st the~on at the rate of per cent~ per 8~ p~le se]~ually, ~ the fi~t d~ of April ~d October ~ each year, a~s~ date, ~tit m~t~ity, upon~ s~n~r of the ~exed coupons as they seve~lty becor~ due~ or if this bond be ~giste~d ~ to both pr~clpat and inte~st, to the ~iste~d holder he.of. Both p~ncipal ~d ~te~st of this b~d ~ p~le ~ 1~1 c~ncy of the ~ited States of ;~rica at ~ihe ~e ~att~ B~, N. A., New Yo~,'New York. This bond ~ be registe]~d as to principal by the holder ~n his na~e on the books of the City Auditor and such registration shall be noted ~ereon, s~ter ~.£nich no valid tr~'~sfer hereof shall be me~e, excepv upon ooo~s ~]~il at%er registered transfer to bearer. Such registration shall not affect the negoti~)itity of coup(,ns which shall continue to pass by delivery. ½~t ~ne ~quest of the hoider~ this bond ~i!! be re~istered as to both principal ~ ~]terest snd the coupons detached ~d cancelled, and thereafter both principa~ s~d ~terest will be payable to the registered holder. ?his bond is one of a series a~regating Six ~llion Dollars and is issued for the p,u~pose of providing funds for the construction of schools~ certain other public buildings, playgro%~ds ~and streets~ for the purchase of property .for goverrm~entat~ educational, recreational~ parking and port develop- ~en5 purposes; for the purchase of fire equipment~ radio equipment~ voti~ m~kines ~nd'traffic sigua~2s; and for ~lr~ renewal proposes under ana pur- susnt to and in conformity with the Constitution and Statutes of the State of Virginia, including Chapter 5 of Title 15.1 of the Code o~ VirgL~ia, snd the ~ns~ter of the City of Portsmouth, and pursuant to an ordinance of the Council of the City of Portsmouth, entitled: "~ Ordinance Authorizing the Issuance of Six Million Dollars of Bonds of the City of Portsmouth: Virginia~ vo be l~own as General Obligation. Bonas, for the Purpose of Providing Funds ['or the Construction of Schools, Certain Other Public Buildings, Playgrounds ~d Streess; for the Purchase of Property for Governmental~ Educational, J~ecreational, Parking and Port Development Purposes; for the Purchase of Fire Equipment., Radio Equipment, Voting Machines and 5¥affic Signals; 8nd for Urban Renewal Purposes~ ~'~king Provision for the ?om of Said Bonds and for the Pay~nt Thereof"~ adopted February 8~ !966~ under said Chapter 5. It is hereby certified ~nd recited that all acts~ conditions and things required by the Constitution and Statutes of the State of Virginia~ ~o exist, to have happened~ and to be perfo~med precedent to and in the issuance of this bond, exist, have happened and have been perfomed in due time, for~] and manner as required by law, and that the issue of bonds of which this is one ~ together with all other indebtedness of the City~ is with- in the othe_~ise authorized indebtedness of said. City~ and is wire. in ever~ debt and other limit prescribed by the Constitution and laws of the State of Virgir~a.