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securities (either on the open market or directly from the United States Treasury), forward purchase or supply arrangements relating to the investment of the proceeds of any series of the Bonds, the application for CUSIP identification numbers and the execution and delivery of replacement bonds in connection with any partial refunding of Prior Bonds, and the selection of one or more verification agents. All actions taken by officers and agents of the City in connection with the issuance and sale of the Bonds are hereby ratified and confirmed. The City Representative and such officers and agents of the City as he may designate are authorized and directed to take such further action and to execute and deliver such additional agreements, documents, and certificates as they deem necessary regarding the Bonds and all actions taken by such officers and agents in connection with the Bonds are ratified and confirmed. 17. Filing of Ordinance. The appropriate officers or agents of the City are authorized and directed to file or cause to be filed a certified copy of this Ordinance with the Circuit Court of the City of Portsmouth pursuant to Sections 15.2-2607 and 15.2-2627 of the Code of Virginia, as amended. 18. Conflicting Ordinances, Resolutions, and Proceedings. Any provlSlons of ordinances, resolutions, and proceedings in conflict with the provisions of this Ordinance are, to the extent of such conflict, hereby repealed. 19. Effective Date; Applicable Law. In accordance with Section 15.2-2601 of the Public Finance Act of 1991, Chapter 26, Title 15.2, 1950 Code of Virginia, as amended, (the "Act"), the City Council elects to issue the Bonds pursuant to the provisions of the Act. This Ordinance shall take effect on the date of its adoption. ADOPTED by the City Council at a meeting duly called and held on February 10,2009. -10-