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<br /> <br /> Exhibit A <br /> FORM OF BOND <br /> <br /> UNITED STATES OF AMERICA <br /> COMMONWEALTH OF VIRGINIA <br /> <br />No. R- CITY OF PORTSMOUTH <br /> <br /> GENERAL OBLIGATION PUBLIC IMPROVEMENT BOND <br /> SERIES <br /> <br />MATURITY DATE INTEREST RATE CUSIP <br /> <br />REGISTERED OWNER: <br /> <br />PRINCIPAL AMOUNT: <br /> <br /> CITY OF PORTSMOUTH, VIRGINIA I"City"), for value received, acknowledges itself <br /> <br />indebted and promises to pay to the registered owner of this Bond or legal representative, the <br /> <br />principal amount stated above on the maturity date set forth above and to pay interest on the <br /> <br />principal amount of this Bond at the rate specified above per annum, payable semiannually on <br /> <br />_________ 1 and _________ 1, beginning on _________ 1, _________. This Bond shall bear interest <br /> <br />(a) from _________, _________, if this Bond is authenticated before _________ 1, _________or (b) <br /> <br /> otherwise from the _________ 1 or _________ 1 that is, or immediately precedes, the date on <br /> <br /> which this Bond is authenticated; provided that, if at the time of authentication of this Bond, <br /> <br /> interest on this Bond is in default, this Bond shall bear interest from the date to which interest <br /> <br /> has been paid. Both principal of and interest on this Bond are payable in lawful money of the <br /> <br /> United States of America. The principal of this Bond is payable upon presentation and surrender <br /> <br /> hereof at the office of ______________________, as Bond Registrar and Paying Agent ("Bond <br /> <br /> Registrar"). Interest on this Bond is payable by check or draft mailed to the registered owner <br /> <br /> hereof at its address as it appears on the registration books maintained by the Bond Registrar <br /> <br /> without presentation of this Bond, provided that as long as Cede & Co. is the registered owner of <br /> <br /> <br />