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<br />NOW THEREFORE BE IT RESOLVED by the City Council of the City of <br />Portsmouth, as follows: <br /> <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 23, 2008. <br /> <br />Teste: <br /> <br />City Clerk <br />