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<br />insurance or other credit enhancement for any series of the Bonds, if market or other conditions <br /> <br />so warrant, forward purchase or supply arrangements relating to the investment of the proceeds <br /> <br /> <br />of any series of the Bonds, and the application for CUSIP identification numbers. All actions <br /> <br /> <br />taken by officers and agents of the City in connection with the issuance and sale of the Bonds are <br /> <br /> <br />hereby ratified and confirmed. The City Representative and such officers and agents of the City <br /> <br />as he or she may designate are authorized and directed to take such further action and to execute <br /> <br />and deliver such additional agreements, documents, and certificates as they deem necessary <br /> <br />regarding the Bonds, and all actions taken by such officers and agents in connection with the <br /> <br />Bonds are ratified and confirmed. <br /> <br />16. Filing of Ordinance. The appropriate officers or agents of the City are authorized <br /> <br /> <br />and directed to file or cause to be filed a certified copy of this Ordinance with the Circuit Court <br /> <br /> <br />of the City of Portsmouth pursuant to Sections 15.2-2607 and 15.2-2627 of the Virginia Code. <br /> <br />17. Conflicting Ordinances. Resolutions. and Proceedings. Any provlSlons of <br /> <br /> <br />ordinances, resolutions, and proceedings, including without limitation the 2008 Ordinance, in <br /> <br /> <br />conflict with the provisions of this Ordinance are, to the extent of such conflict, hereby repealed. <br /> <br />18. Effective Date: Applicable Law. In accordance with Section 15.2-2601 of the <br /> <br />Public Finance Act of 1991, Chapter 26, Title 15.2 of the Virginia Code (the "Act"), the City <br /> <br />Council elects to issue the Bonds, the Courthouse Obligations, and the Public Utility Obligations <br /> <br />pursuant to the provisions of the Act. This Ordinance shall take effect immediately. <br /> <br />Adopted by the City Council at a meeting duly called and held on November 9,2010. <br /> <br />Clerk, City of Portsmouth, Virginia <br /> <br />-9- <br />