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Note and all actions taken by such officers and agents in connection with the issuance and sale of <br />the Note are ratified and confirmed. <br /> <br /> 10. Effective Date: Applicable Law. This Resolution shall take effect on the date of <br />its adoption. The City Council elects to issue the Note pursuant to the provisions of the Public <br />Finance Act of 1991, Chapter 26, Title 15.2, Code of Virginia of 1950, as amended, in <br />accordance with Section 15.2-2601 of such Act. <br /> <br />ADOPTED by the Council of the City of Portsmouth at a meeting held on June 8, 2004. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br />-3- <br /> <br /> <br />