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<br />Section 1. The City Council hereby approves the issuance by the Authority of the Tax- <br />Exempt Bonds. <br /> <br />Section 2. This Resolution shall take effect on the date of its adoption. <br /> <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held on <br />September 25,2007. <br /> <br />Teste: <br /> <br />City Clerk <br />