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con%~rted into a registered bond with the principal and semiannual interest <br />thereof payable to <br />sentative. Dated at PortsmoUth, 'Virginia, , assignee, or legal repre- <br /> this day of <br /> , 19,, ,. <br /> <br />DATE OF. P~GISTP~TION <br /> <br />City Auditor <br /> <br />N~2~i OF M.,G±oi~D HOLDER REG!STE~D BY <br /> <br /> Section 2. Full power and authority is hereby giventhe City M~ua~er <br />of the City of Portsmouth to prepare and issue the said bonds in such form <br />ann for such sb~m as authorized by the preceding section. The said City <br />i.~ager is authorized to cause to be printed on the back of each of said bonds <br />& copy of the co~plete final legal opinion with respect to said bonds, with <br />the name of the attorney or attorneys rendering same, together with a <br />certification of the City Clerk, evidenced by the facsLmile signature of that <br />officer, to the effect that the copy is a true and correct copy of the legal <br />opinion w~zich was dated as of the date of deliver$~ and payment of the bonds. <br />)hil p~er and authority is hereby given the said City M~ager to make sale <br />of the said bonds, and in ~such m~er, at such time and place as the said <br />City N~nager may determine; provided, however~ that the same shall not be <br />sold upo~ a basis w~ich will cost the City of Portsmouth interest at the rate <br />of more t~an six per censure per annum, and that no sale shall be made ~lth- <br />out the %oproval of the City Council. 7ne said bonds shall be subject to no <br />vaxation by the City of Portsmouth, ~ad the said coupons shall be received iu <br />p~ymen~ of all dues, taxes and assessments due ~o the said City, <br /> <br /> Section 3. There is hereby directed ~o be annu~liy levied and <br />collected a tax upon all taxable property within the City, sufficient to <br />pay principal and interest on said bonds as same respectively mavure. <br /> <br /> Section 4. This ordinance bei~g necessary for the preservation <br />of the public morals, health and safety~ an emargency is declared to exist <br />s~nd it shall take effect from its passa~Ee. <br /> <br /> Adopted by the Co~uci! of the ~ity of Portsmouth, Vir~_nia at <br />a meeting held on February 8~ 1966. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br />-5- <br /> <br /> <br />