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<br />19. Cont1icting Ordinances. Resolutions and Proceedings. Any provlSlons of <br /> <br />ordinances, resolutions and proceedings in cont1ict with the provisions of this Ordinance are. to <br /> <br />the extent of such cont1ict. hereby repealed. <br /> <br />20. Effective Date; Applicable Law. In accordance with Section 15.2-2601 of the <br /> <br /> <br />Public Financc Act of 1991, Chapter 26, Title 15.2, 1950 Code of Virginia, as amended, (the <br /> <br /> <br />"Act"). the City Council elects to issue the Bonds and the Notes pursuant to the provisions of the <br /> <br /> <br />Act. <br /> <br />AI)OI'TED by the Council of the City of Portsmouth, Virginia at a meeting held on May <br />23, 2006. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br />-\4- <br />