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17. Effective Date; Applicable Law. In accordance with Section 15.2-2601 of the Public <br />Finance Act af 199I, Chapter 26, Title I5.2, Code of Virginia of 1950, as amended, (the "Act"), <br />the City Council elects to issue the Bonds pursuant to the provisions of the Act. This Resolution <br />shall take effect immediately. <br /> <br /> ADOPTED by the City Council of the City of Portsmouth, Virginia at a meeting held on <br />April 22. 2003. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />