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AN ORDiN,~NCE AUTHORIZING THE iSSU~uNCE OF ONE MILLION EIGHT <br /> THOUSAND DO ~LLARS OF BONOS OF THE CITY OF PORTS~OU~, VIRGINIA, TO <br /> BE ~O~%~ AS G~ERAL OBLIGATION BONDS, FOR ~E PURPOSE OF ~ROVtDIN6 <br /> F~DS TO CONSTRUCT A NE-~ ~L~ICIPAL INCINEP. iT~, TO REM~EL AND EQUIP <br /> AN ~ISTING BUILDING FOR USE AS A R~b~iCIPAL LIBP~RY, ~D TO <br /> STRUCT CERTAIN STREET ~D UTILI~ IMPROV~TS, ~I{ING PROVISION <br /> ~E PO~M OF SAID B~DS ~ FOR ~E PA~NT ~EREOF~ <br /> <br /> %%~E~S, it is necessary to provide funds to construct a new municipal <br />incinerator, to r~odet and equip an existin~ buitdinE for use as a munici~l <br />tibrary~ and to construc~ certain street and utility improvements, at an <br />es%i~ted cost of ~e AIiilion Eight H~udred ~ousand Dollars; and <br /> <br />~ER~S, there are no funds in the treasury of the City of Portsmouth appli- <br />to the ~en~ of the cost of said improvements, and it iS accordingly <br />neoes~ry to issue bonds of the City in the snm of ~e ~Jillion Eight Hundred <br />~nd~ Dollars for that put.se. <br /> <br /> ~, ~a~0~E, ~E ~T O~PA~O ~ ZZ~ CO~C~L OF ~ C~ O~ <br /> <br /> S~ion !~ ~at for the pur~e Of providing funds for the construction <br /> n&m~ municipal incine~atorl the r~deling and equipping of an existing <br /> <br /> for~ us~ as a muniei~I !ibrary~ and the construction of certain street <br /> <br /> ,~, the~e Shall be issued ~e 5~illior. Eight Hundred <br /> <br /> ; of sai~ City to be known as General Obligation Bonds. <br /> thousan8 el~h~ h~re~ hon~s o~ the denomination of <br /> <br />t from da~e <br /> o~ at <br /> <br />to 1;!S00, both inclusive, dated June 1, 1962, <br /> <br /> Semiannually on JuneI 1 and December t of <br /> <br /> <br />