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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 2002 <br /> <br />MATURITY DATE INTEREST RATE CUSIP <br /> <br />REGISTERED OWNER: <br /> <br />PRINCIPAL AMOUNT: <br /> <br /> CITY OF PORTSMOUTH, VIRGINIA ("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, 2002. This Bond shall bear interest (a) <br /> <br />from ________, 2002, if this Bond is authenticated before _______ 1, 2002 or (b) otherwise <br /> <br />from the _______ 1 or _______ 1 that is, or immediately precedes, the date on which this <br /> <br />Bond is authenticated; provided that, if at the time of authentication of this Bond, interest on this <br /> <br />Bond is in default, this Bond shall bear interest from the date to which interest has been paid. <br /> <br />Both principal of and interest on this Bond are payable in lawful money of the United States of <br /> <br />America. The principal of this Bond is payable upon presentation and surrender hereof at the <br /> <br />office of ____________, as Bond Registrar and Paying Agent ("Bond Registrar"). <br /> <br />Interest on this Bond is payable by check or draft mailed to the registered owner hereof at its <br /> <br />address as it appears on the regtstration books maintained by the Bond Registrar without <br /> <br />presentation of this Bond; provided that as long as Cede & Co. is the registered owner of this <br /> <br /> <br />