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such ~nner, at such time and place as the said City ~nager may determine, pro- <br /> vided, however; that the same shall not be sold upon a basis which Till cosl <br /> the City of Portsmouth interest a~ the rate of more than six per cen~um per annum, <br /> and that no sale shall be made without the approval of the City Council. ~qe <br /> said bonds shall be subject to no taxation by the City of Portsmouth, and the <br /> said coupons shall be received in payment of all dues, taxes and assessments due <br /> to the said City. <br /> <br /> Section Iii. There is hereby directed to be annually levied and collected <br />a tax upon all t~xable property within the City, sufficient to pay principal and <br />interes~ on said bonds as same respectively mature. <br /> <br /> Section IV. This ordinance being necessary for the preservation of the <br />public mor~ts, health and safety, an emergency is declared to e~ist and it shall <br />take effect from its passage. <br /> <br /> Adopted by the Cou~ucil of the City of Portsmouth, Virginia, a~ a mesting <br />held on October 13, ~959. <br /> <br />Tests: <br /> <br />City Clerk <br /> <br /> <br />