Laserfiche WebLink
No. R- <br />UNITED STATES OF AMERICA <br />COMMONWEALTH OF VIRGINIA <br />CITY OF PORTSMOUTH, VIRGINIA <br />GENERAL OBLIGATION <br />QUALIFIED ZONE ACADEMY BOND, <br />SERIES 2016 <br />CUSIP <br />[If required] <br />(THE CITY OF PORTSMOUTH, VIRGINIA (THE "CITY') HAS DESIGNATED THIS BOND AS <br />A QUALIFIED ZONE ACADEMY BOND WITHIN THE MEANING OF SECTION 54E OF THE <br />INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE'). AS SUCH, THE <br />OWNER OF THIS BOND MAYBE ELIGIBLE TO RECEIVE FEDERAL INCOME TAX CREDITS <br />AT THE RATE SET FORTH BELOW (AND WILL NOT RECEIVE CURRENT INTEREST <br />PAYMENTS EXCEPT IN THE LIMITED CIRCUMSTANCES SPECIFIED BELOW.J~ <br />DATED DATE <br />2016 <br />REGISTERED OWNER: <br />[FINAL] MATURITY <br />DATE <br />1, 20 <br />PRINCIPAL AMOUNT: MILLION HUNDRED <br />THOUSAND AND 00/100 DOLLARS ($ <br /> <br />The CITY OF PORTSMOUTH, VIRGINIA (the "City"), for value received, <br />acknowledges itself indebted and promises to pay to the registered owner of this Bond or such <br />owner's attorney or legal representative the principal amount stated above on the maturity date set <br />forth above, subject to redemption as hereinafter provided, [To be used if supplemental coupon <br />requited--and to pay interest on the principal amount of this Bond at the rate specified above, <br />subject to redemption, per annum, payable semi-annually on each 1 and 1, <br />beginning on 1, 2016. This Bond shall bear interest (a) from the dated date set forth <br />above, if this Bond is authenticated before 1, 2016, or (b) otherwise from the <br />1 or 1 that is, or immediately precedes, the date on which this Bond is authenticated; <br />provided that, if at the time of authentication of this Bond interest on this Bond is in default, this <br />Bond shall bear interest from the date to which interest has been paid]. Principal of and premium, <br />if any, [and interest] on this Bond are payable in lawful money of the United States of America. <br />[This Bond is issued as a "Qualified Tax Credit Bond," and a "Qualified Zone Academy Bond" as <br />defined in Section 54A, Section 54D and Section 6431 of the Internal Revenue Code of 1986, as <br />amended (the "Code") the owner of this Bond may be eligible to receive credits ("Tax Credits") <br />INTEREST RATE <br />A-1 <br />