Minutes 09/27/1977 - Laserfiche WebLink

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'287 September 27~ 1977 any limitation of indebtedness prescribed by the Constitution or statutes of the Commonwealth ef Virginia or the Charter of the City. The full faith and credit of the City are hereby irrevocably pledged to the payment of the principal of and interest on this bond as the same become due. IN WITNESS WHEREOF, the City has caused~this bond to be executed by the manual or facsimile signatures of its Mayor and City Treasurer and the corporate seal of the City to be impressed or a facsimile thereof imprinted hereon and attested by the manual or facsimile signature of the City Clerk of the City (provided that one of such signatures hereon shall be a manual signature); the coupons pertaining hereto to be executed by the facsimile signatur of the said City Treasurer; and this bond tolbe dated as of the first day of November, 1977. (SEAL) Mayor Attest: City Clerk City Treasurer (Form of:Coupon) No. $ On the first day of , 19 , unless the bond hereinafter mentioned shall have been duly called for previous redemption and payment of the redemption price duly made or provided for, the City of Portsmouth, Virginia, will pay to bearer upon the presentati and surrender hereof the amount shown hereon in such coin or currency of the United States of America as at the date of payment hereof is legal tender for the payment of public and private debts, at the principal office of The Chase Manhattan Bank (National Association) in the City of New York, New York,i being interest then due on its General Obligation Bond, dated as of November 1, 1977 and numbered No. City Treasurer (Form of Provisions for Registration) This bond may be registered as to principal only in the name Of the holder on the books of registry to be kept by the Director of Finance of the City of Portsmouth, Virginia, as Registrar, such registration to be noted by the Registrar in the Registration blank below. After such registration no transfer hereof shall be effective against the Registrar, the City of Portsmouth and the paying agent for this bond unless made on said books by the regist~ owner or attorney duly authorized and similarly noted hereon, but this bond may be discharged from such registration by being transferred to bearer, after which this bond shall be tranSfeI rable by delivery, but this bond may be again registered as before. The registration of this bond as to principal shall not restrain the negotiability by delivery merely of the coupons pertaining hereto, but the coupons may be surrendered and the interest made payable only to the registered owner, in which event the Registrar shall note in the registration blank below that this bond is registered as to interest as well as to principal. With the consent of the holder and the Registrar, this bond when converted into a bond registered as to both principal and interest may be reconverted into a coupon bond and again converted into a bond registered as to both principal and interest as hereinabove provided, but always at the expense of the holder. Upon reconversion of this bond, when registered as to principal an~ interest, into a coupon bond coupons representing the interest to accrue on this bond to date of maturity shall be attached hereto by the Registrar, and the Registrar shall note in the registration blank below whether this bond is registered as to principal only or payabl to bearer.. DATE OF REGISTRATION: IN WHOSE~,~N~E REGISTERED: MANNER OF REGISTRATION: SIGNATURE OF REGISTRAR: 10. The City Manager of the City is hereby authorized to publish and distribute a notice of sale of the Bonds, such publication to be made in The Daily Bond Buyer, a financial newspa] published in the Cityiof New York, New York, and in the Virginian-Pilot, a newspaper of circulation in the City, at least once in each such paper, with the date of the first publica~ tion to be at least seven (7) days prior to the date of sale of the Bonds. Such notice of