1959 Ordinances - Laserfiche WebLink

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The said bonds shall be manually signed by the N~yor of the City of Ports- mouth and shall be signed by the facsimile signature of the City Treasurer, with a facsimile of the seal of the City imprinted thereon, attested by the facsimile signature of the City Clerk, and the coupons shall be signed by the in facsimile sig~nature of the City Treasurer, mud shall be/substantially the follow- form, to-wit: tR~ITED STATES OF AS~RICA S~I~TE OF VIRGINIA CI?f OF PORTSMOUTH GENERAL OBLIGATION BOARD No. $1,000.00 The City of Portsmouth, a municipal corporation of the State oT Virginia, hereby acknowledges itself indebted for value received and promises to pay ~o the Bearer, or if this bond be reEistered, to the registered holder hereof, on the first day of January, 19 · , the sum of One Thousand Dollars, and to pay in- teresz thereon at the ra~e of per centum per annum payable semi-annually, on the first day of July and January in each year, after date, until maturity, upon surrender of the annexed coupons as they severally become due, or if this bond be registered as to both principal and interest, ~o the registered holder hereof. Both principal and interest of this bond are payable in lawful currency of the United States of America au The Chase ~%~anhattan Bank, New York, New York. This bond mmy be registered as to principal by the holder in his name on the books of the City Auditor and such reEiatration shall be noted hereon, after which no valid transfer hereof shall be made, except upon said books until after r~gistered transfer to bearer. Such registration shall not affect the negotia- bility 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 interes~ and -3-