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2:9.2
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<br />September 27~ 1977
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<br />signatures on the Bonds shall be a manual signature. The Bonds, except when registered as
<br />to both principal and interest, shall have couppns attached thereto representing the interest
<br />on the Bonds, which coupons shall be executed by the facsimile signature of the said City
<br />Treasurer.
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<br /> 8. CUSIP identification numbers may be printed on the Bonds, but neither the failure
<br />to print any such number on any Bond nor any error or omission with respect thereto shall
<br />constitute cause for failure or refusal by the successful bidder for the Bonds to accept
<br />delivery of and pay for the Bonds in accordance with the terms of its bid. No such number
<br />shall constitute or be deemed to be a part of any Bond or a part of the contract evidenced
<br />thereby and no liability shall attach to the City or any of its officers or agents because
<br />of or on account of any such number or any use made thereof. Ail expenses in relation to
<br />the printing of such numbers on the Bonds shall be paid by the City; provided, however, that
<br />the CUSIP Service Bure~p charge for the assignment of such numbers shall be the responsibility
<br />of and shall be paid for by the successful bidder for the Bonds.
<br />
<br /> A copy of the complete final legal opinion with respect to the Bonds, with the name
<br />of the attorney or attorneys rendering same, together with a certification of the City Clerk,
<br />executed by a facsimile signature of that officer, to the effect that such copy is a true
<br />and correct copy of the legal opinion which was dated as of the date of delivery of and paymen
<br />for the Bonds, may be printed on the Bonds.
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<br /> 9. The Bonds, the coupons pertaining to the Bonds and the Provisions for Registration
<br />to be endorsed on the Bonds shall be in substantially the following forms, respectively,
<br />to-wit:
<br />
<br /> ~Form of
<br />
<br />UNITED STATES OF AMERICA
<br />
<br />COMMONWEALTH OF VIRGINIA
<br />
<br />CITY OF PORTSMOUTH
<br />
<br />PUBLIC UTILITY BOND
<br />
<br />No. $5,000
<br />
<br /> The City of Portsmouth, (the "City"), a municipal corporation of the Commonwealth of
<br />Virginia, hereby acknowledges itself indebted for value received and promises to pay to the
<br />bearer hereof, or, if this bond then be registered as herein provided, to the then registered
<br />owner hereof, the principal sum of Five Thousand Dollars ($5,000.) on the first day of Januar
<br />19 (subject to the right of prior redemption hereinafter mentioned) upon the presentation
<br />an~-surrender hereof, and to pay interest on said principal sum from the date hereof at the
<br />rate of per centum ( %) per annum, payable July 1, 1978,
<br />and semi-annually thereafter on January 1 and July 1, o-~--~ach year.
<br />
<br /> This bond may be registered by the holder as to principal only or as to both principal
<br />and interest in accordance with the provisions for such registration endorsed hereon. If
<br />this bond shall not then be registered as to both principal and interest the interest hereon
<br />payable prior to maturity shall be payable at the principal office of The Chase Manhattan
<br />Bank in the City of New York, New York, the paying agent for this bond, but only upon the
<br />presentation and surrender of the respective coupons annexed hereto representing such interest
<br />as the same become due and payable. The interest on this bond while registered as to both
<br />principal and interest shall be payable by the City by check or draft mailed to the registered
<br />owner at such owner's address as shown on the books of registry.
<br />
<br /> The principal of and premium, if any, and interest on this bond are payable in such
<br />coin or currency of the United States of America as at the respective dates of payment is
<br />legal tender for the payment of public and private debts. Such principal and premium are
<br />payable at the principal office of the aforesaid paying agent for this bond.
<br />
<br /> This bond is one of an issue of bonds aggregating Three Million Dollars ($5,OOO,OOO.)
<br />in principal amount and issued for the purpose of providing funds to pay the cost of capital
<br />improvements, extensions and additions to the revenue producing water and sewerage system
<br />of the City under and pursuant to Article VII, Section lO(a) (2) of the Constitution of Virgin
<br />and Chapter S of Title 1S.1 of the Code of Virginia, 19SO, as amended (the same being the
<br />Public Finance Act), the Charter of the City and proceedings of the Council of the City duly
<br />adopted and taken under said Chapter S.
<br />
<br /> The bonds of the issue of which this bond is one maturing on and after January 1, 1989,
<br />are subject to redemption at the option of the City prior to their stated maturities on or
<br />after January 1, 1989, in whole at any time, or in part from time to time on any interest
<br />payment date in any order determined by the City (except that if at any time less than all
<br />of the bonds of a maturity are called for redemption, the particular bonds of such maturity
<br />to be redeemed shall be selected by lot), upon payment of the principal amount of the bonds
<br />to be redeemed together with the interest accrued thereon to the date fixed for redemption
<br />plus a premium of one-half of one percent of the principal amount of each bond to be redeemed
<br />for each six month period or fraction thereof between the date fixed for redemption and the
<br />stated maturity hereof, such premium in any event not to exceed three percent of such principa
<br />amount.
<br />
<br /> If this bond is redeemable and shall b~ called for redemption, notice of the redemption
<br />hereof, specifying the date, number and maturity of this bond, the date and place fixed for
<br />its redemption and the premium, if any, payable upon such redemption shall be gzven by the
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