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Collector, and shall be in substantially the followi~ for~, to-wit: <br /> <br />UNITED STATES OF AMERICA <br />STATE OF VIRGINIA <br /> CiTY OF I~ORTSMOUTH <br /> <br /> NO. $i, OOO. O0 <br /> <br /> The City of Portsmouth, a municipal corporation of the State of Vir- <br /> <br />ginia, hereby aeknowle~ges itself indebted for value received and premises to pay <br />to the Bearer, or if this bond be registered, to the registered holder hereof, on <br /> <br /> the first ~y of January, 19 the sum of One Thousand Dollars, and to pay in- <br /> terest thereon at the rate of per centum per annum payable semiannually, <br /> <br />on the first day o£ July and January in each year, after date, until maturity, upon <br />surrender ~f the annexed coupons as they severally Become due, or if this bond be <br />registered aa to both principal and interest, to the registered holder hereof. Both <br />principal --a interest o£ this bond are payable in lawful currency of the United States <br />of America at The Chase Manhattan Bank, New York, New York. <br /> <br /> This bond may be registered as to principal by the holder in his name <br />on the books of the City Auditor and Such registration shall be noted hereon, after <br />Which no va/id transfer hereof shall be made, except upon said books until after regis- <br />tered transfer So bearer~. Such registration shall not affect the negotiability of <br />coupons which ~hatl continue to pass by delivery. At the request of the holder, this <br />bond will l~e registered as to both l~rincipal and interest and the coupons detached and <br />cancelled and thereafter both principal and interest will be payable to the registered <br />holder. <br /> <br />-3- <br /> <br /> <br />