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This bond may be registered as to ~rincipal by the holder in his name on the books of the City Auditor and such registration shall be noted hereon, after which no valid transfer hereof shall be made, except upon said books until after registered transfer to bearer. Such registration shall not affect the negotiability of coupons which shall continue to pass by delivery. At the request of the holder~ this bond will be registered as to both principal and interest and the coupons detached and cancelled and thereafter both principal and interest will be payable to the registered holder. This bond is one of a series aggregating One Million Six itundred Thousand Dollars and is issued for the purpose of providing funds to construct school building additions, to construct certain other public buildings, and to construct certain street and utility imprevements under and pursuant to and in conformity with the Constitution and Statutes of the State of Virginia, including Chapter 19.1 of Title 15 of the Code of Virginia, and the Charter of the City of Portsmouth, and pursuant to an ordinance of the Council of the City of Portsmouth, entitled: "An Ordinance Authorizing The Issuance of One Million Six Hundred Thousand Dollars of Bonds of the City of Portsmouth, Virginia, To Be Known As General Obligation Bonds, For The Purpose Of Previding Funds To Construct School B~ilding Additions, To Construct Certain Other Public Buildings, ~nd To Construct Certain Street And Utility improvements, Making Provision For The Form of Said Bonds And For The Payment Thereof," adopted January 22, t963. It is hereby certified and recited that all acts, conditions and things required by the Constitution and Statutes of the State of Virginia, to exist, to have happened~ and to be performed precedent to and in the issuance of this bond, exist, have happened ~nd have bee~ performed i~ due time, form,and manner as required by la~ and ~hat the issue of bonds or which this is one, together with ali ot~er indebtedness of the City~ is within the otherwise authorized indebted- ness oz said City, and is within every deb~ and other limit prescribed by the Constitution and laws of the State of Virginia. The full faith and credit of the City of Portsmouth are hereby · rrevocab!y pledged for the payment of thel principal and interest of this bond. This bond is net subject to taxation by th~ City of Portsmouth and the coupons hereto attached shall, at and after maturity, be received in payment of ali dues, taxes and assessments due to the City. IN WITNESS WHEREOF, the City of Portsmouth has caused this bond to be manually signed by the Mayor and to ~ signed by the facsimile signature of the City Treasurer of said City~ and a facsimile of the seal of the City to be imprinted hereon, attested by the facsimile signature of the City Clerk, and the coupons hereto attached to be authenticated by the facsimile signature of the City Treasurer and this bond to be dated April 1, 1963. Attest: City of Portsmouth, Virginia --- kity Treasurer City 'Clerk