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378
<br />
<br />June 22. 1976
<br />
<br />interest of said bonds shall be payable in lawful currency of the United States of
<br />America, at The Chase Manhattan Bank (National Association), New York, New York, and
<br />said bonds shall mature serially, in numerical order as fellows:
<br />
<br />$500,000 of said bonds to be payable on
<br />$500,000 of said bonds to be payable on
<br />$500,000 of said bonds to be payable on
<br />$500,000 of said bonds to be payable on
<br />$500,000 of said bonds to be payable on
<br />$S00,000 of said bonds to be payable on
<br />$500,000 of said bonds to be payable on
<br />$$00,000 of said bonds to be payable on
<br />$500,000 of said bonds to be payable on
<br />$500,000 of said bonds to be payable on
<br />$500,000 of said bonds to be payable on
<br />$500,000 of said bonds to be payable on
<br />$500,000 of said bonds to be payable on
<br />$500,000 of said bonds to be payable on
<br />$500,000 of said bonds to be payable on
<br />$500,000 of said bonds to be payable on
<br />$500,000 of said bonds to be payable on
<br />$500,000 of said bonds to be payable on
<br />$500,000 of said bonds to be payable on
<br />$500,000 of said bonds to be payable on
<br />
<br />August 1, 1977
<br />August 1, 1978
<br />August 1, 1979
<br />August 1, 1980
<br />August 1, 1981
<br />August 1, 1982
<br />August 1, 1983
<br />August 1 1984
<br />August 1 1985
<br />August 1 1986
<br />August 1 1987
<br />August 1 1988
<br />August 1 1989
<br />August 1, 1990
<br />August 1, 1991
<br />August 1, 1992
<br />August 1, 1993
<br />August 1, 1994
<br />August 1, 199S
<br />August 1, 1996
<br />
<br />the
<br />
<br /> The said bonds shall be signed by the Mayor and the City Treasurer of the City of Portsmouth
<br />by their manual or facsimile signatures and a facsimile of the Seal of the City of Portsmouth
<br />shal.1 be imprinted thereon, attested by the manual or facsimile signature of the City Clerk,
<br />provided that at least one of such signatures upon said bonds shall be a manual signature.
<br />The coupons pertaining to said bonds shall be signed by the facsimile signature of the
<br />City Treasurer, said bonds, coupons and the previsions for registration thereof shall be
<br />substantially in the following forms, to ~mt:
<br />
<br />No.
<br />
<br />UNITED STATES OF AMERICA
<br />COMMONWEALTH OF VIRGINIA
<br />CITY OF PORTSMOUTH
<br />GENERAL OBLIGATION BOND
<br />
<br />$5,000.00
<br />
<br /> The City of Portsmouth, a municipal corporation of the Commonwealth of Virginia, hereby
<br />acknowledges itself indebted for value received and promises to pay to the bearer, or if
<br />this bond be registered, to the registered hold¢r hereof, on the first day of
<br />19 .., the sum of Five Thousand Dollars, and to pay interest thereon at the rate of
<br />per centum per annum payable semi-annually on the first day of February and August in each
<br />year, after date, until maturity, upon surrender of the annexed coupons as they severally
<br />become due, or if this bond be registered as to both principal and interest, to the registered
<br />holder hereof. Both principal and interest of this bond are payable in lawful currency of
<br />the United States of America at The Chase Manhattan Bank (National Association), New York,
<br />New York.
<br /> This bond is one of a series aggregating Ten ~illion Dollars ($10,OOO,O00.) and is issued
<br />for the purpose of providing funds for urban renewal pruposes; for the acquisition of land;
<br />for the construction, improvements, and repairs of public buildings and facilities; for the
<br />construction of curbs, gutters and drainage facilities, street, highway and bridge improvemen~
<br />for the construction and equipping of certain parks and recreation facilities; for the purchas
<br />and installation of equipment for traffic control systems; for the construction and improveme~
<br />of school buildings; for the purchase of capital equipment and facilities for public transport
<br />ration system; for the purchase of fire protection equipment; and for dredging and repairs
<br />to bulkheads, under and pursuant to and in conformity with the Constitution and statutes
<br />of the Commonwealth of Virginia, including Chapter 5 of Title 15.1 of the Code of Virginia,
<br />1950, and the charter of the City of Portsmouth, and pursuant to resolutions of the Council
<br /> of the City of Portsmouth adopted June 22, 1976, and , 197 , under said
<br /> Chapter 5.
<br /> It is hereby certified and recited that all acts, conditions and things required by
<br /> the Constitution and statutes of the Commonwealth of Virginia, to exist, to have happened,
<br /> and to be performed precedent to and in the issuance of this bond, exist, have happened and
<br /> have been performed in due time, form and manner as required by law, and that the issue of
<br /> bonds of which this is one together with all other indebtedness of the City, is within the
<br /> otherwise authorized indebtedness of said City, and is within every debt and other limit
<br /> prescribed by the Constitution and laws of the Commonwealth of Virginia.
<br /> The full faith and credit of the City of Portsmouth are hereby irrevocably pledged to
<br /> the payment of the principal of and interest on this bond.
<br /> IN WITNESS WHEREOF the City of Portsmouth has caused this bond to be signed by the Mayor
<br /> and by the City Treasurer of said City, by their manual or facsimile signatures, and a fac-
<br /> simile seal of the City to be imprinted hereon, attested by the Mayor and facsimile signature
<br /> of the City Clerk (provided that one of such signatures hereon shall be a manual signature);
<br /> the coupons hereto attached shall be authenticated by the facsimile signature of the City
<br /> Treasurer; and this bond to be dated , 19
<br />
<br />(SEAL)
<br />
<br />~ayor of the City of Portsmouth~
<br />Virginia
<br />
<br />
<br />
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