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<br />3. The New Master Lease may be secured by appropriations of the City Council and <br /> <br />security interests in the leased equipment and vehicles. Payments made by the City under the <br /> <br /> <br />New Master Lease shall be subject to and contingent upon their appropriation by the City <br /> <br /> <br />Council. Nothing in this ordinance, the New Master Lease, or any instrument, document, or <br /> <br /> <br />certificate executed and delivered on behalf of the City to carry out the transactions authorized <br /> <br />by this ordinance or contemplated by the New Master Lease shall constitute a debt of the City, <br /> <br />and the City shall not be obligated to make any payments under the New Master Lease, except <br /> <br /> <br />from money appropriated in the current fiscal year by the City Council for such purpose. <br /> <br /> <br />4. This ordinance 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 />January 11,2011. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br />3 <br />