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take such further action and to execute and deliver such additional agreements, documents and <br />cemficates as they deem necessary regarding the Financing and all actions taken by such officers <br />and agents in connection with the Financing are ratified and confirmed. <br /> <br /> 8. .Effective Date; Applicable Law. In accordance with Section ! 5.2-2601 of the <br /> <br />Public Finance Act of 1991, Chapter 26, Title 15.2, 1950 Code of Virginia, as amended, (the <br />"Act"), the City Council elects to issue the Note (or any Support Agreement) pursuant to the <br />provisions of the Act. This Resolution shall take effect on the date of its adoption. <br /> <br /> ADOPTED by the Council of the City of Portsmouth, Virgima, at a meeting held on <br />September 23, 2003. <br /> <br />Teme: <br /> <br />City Clerk <br /> <br />-4- <br /> <br /> <br />