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D:~ilars ($ ), and that the within bond is hereby converted into a r~ ~stered bond with the principal and semiannual interest thereof payable t~ ~ assignee or legal representative. Dated at Portsmouth, Virginia~ this day of , 19 D~E OF ~EGIST~TION .... Ci~'y Auditor ' ' N~,~ OF ~OIS~F~iE HOLDER _REGISTERED BY Section 2. Full po%,~r and authority is hereby Wen to the City ~.'hns~.~r of the City of Portsmouth to prepare and issue the said bonds ~n such fo~ and for such sum as authorized by the preceding section. 5he said City ~,'anager is authorized to cause to be ir~. rinted on the back of each of said bor~ds a copy of the complete final legal opim_ion with respect to said bonds ~ ~,~th the name of the attorney or attorneys rendering same, together with a certification of the City Clerk~ evidenced by a facsimile signature of that officer~ to the effect that the copy is a true and correct copy of the legal op-inion ~hich was dated as of the date of delivery and payment of the bonds. ~uli power and authority is hereby given the City ~,~nager to ~mnke sale of the said bonds, ~and in such m~er~ at such time and place as the/~aid City M-~.~e~er ~j determine; provided, however, that the same~ail not be sold upon a basis which will cost the City of Portsmouth interest at the rate of more than six per centum per annum~ and that no sale shall be made without the approval of the City Council° The said Oonds shall be subject to no taxation sy the City of Portsmouth~ and the said coupons shall oe received in payment of ~li duest taxes and assess~msnts due to the s~id City, Section 3. The bonds authorized by this ordinance shall not be included in dete~_ni~ the limitation upon the power of the City ~o incur ]~ndebtedness under the provisions of Sectia~n One Hundred and Twenty-seven, Clause (b)~ of the Constitution of VirgJ_nia, but from ~d after November 2, 1970, whenever and for so long as the sewage disposal sysvem constructed and i~r~aroved out of proceeds of said bonds fails co produce sufficient revenue to pay the cost of operation and administration, (including interest on bonds issued therefor~ and the cost of ~sursnce against loss or injuries to persons ano property)~ and an annual amount to ~e covered into a sinking fund suffi- cient to ps~ at or before matUrity all bonds issued on account of said sew~fe disposal system~ all such ,bonds ou~stan ~ding shall be included in deter- ,~-[~.-~g t~e limitation upon the po~er of the City of Portsmouth to ~acur indebt-