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<br />so warrant, forward purchase or supply arrangements relating to the investment of the proceeds <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 hereby authorized and directed to take such further action and to <br /> <br />execute and deliver such additional agreements, documents, and certificates as they deem <br /> <br />necessary regarding the Bonds, and all actions taken by such officers and agents in connection <br /> <br />with the Bonds are ratified and confirmed. <br /> <br />16. Filing of Ordinance. The appropriate officers or agents of the City are hereby <br /> <br /> <br />authorized and directed to file or cause to be filed a certified copy of this Ordinance with the <br /> <br /> <br />Circuit Court of the City of Portsmouth pursuant to Sections 15.2-2607 and 15.2-2627 of the <br /> <br /> <br />Virginia Code. <br /> <br />17. Conflicting Ordinances. Resolutions. and Proceedings. Any provisions of <br /> <br />ordinances, resolutions, and proceedings in conflict with the provisions of this Ordinance are, to <br /> <br />the extent of such conflict, hereby repealed.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 /> <br />Public Finance Act of 1991, Chapter 26, Title 15.2 of the Virginia Code (the "Act"), the City <br /> <br /> <br />Council elects to issue the Bonds pursuant to the provisions of the Act. This Ordinance shall <br /> <br /> <br />take effect immediately and remain in effect until December 31, 2014. <br /> <br />-9- <br />