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October 23~ 1973
<br />
<br />$225
<br />
<br />$225
<br />$22s ooo
<br />$225 000
<br />$22s ooo
<br />$225 000
<br />$225 000
<br />$225,000
<br />$225,000
<br />$225,000
<br />
<br />000 of said bonds to be payable On December
<br />000 of said bonds to be payable on December
<br />000 of said bonds to be payable on December
<br />000 of s,aid bonds to be payable on December
<br />of said Bonds to be payable on December
<br />of said bonds to be payable on ~ecember
<br />of said bonds to be payable on December
<br />of said bonds to be payable on December
<br />of said bonds to be payable on December
<br />of said bonds to be payable on December
<br />of said bonds to be payable on December
<br />of said bonds to be payable on December
<br />
<br />1, 1982
<br />1, 1983
<br />1, 1984
<br />1, 1985
<br />i 1986
<br />1 1987
<br />1 1988
<br />1 1989
<br />I 1990
<br />1 1991
<br />1 1992
<br />1 1993
<br />
<br /> The said bonds shall be manually signed by the Mayor and shall be signed by the facsi
<br />signature of the City Treasurer, of the City of Portsmouth with a facsimile of the seal
<br />of the City to be imprinted thereon, attested by the facsimile signature of the City Clerk
<br />and the coupons shall be signed by the facsimile signature of the City Treasurer, and
<br />said bonds, coupons and the provisions for registration thereof shall be in substantially
<br />the following form, towit:
<br />
<br />UNITED STATES OF AMERICA
<br />COMMONWEALTH OF VIRGINIA
<br /> CITY OF PORTSMOUTH
<br /> GENERAL OBLIGATION BOND
<br />
<br />No. $5,000.00
<br />
<br /> The City of Portsmouth, a municipal corporation of the Commonwealth of Virginia,
<br />hereby acknowledges itself indebted for value received and promises to pay to the bearer,
<br />or if this bond be registered, to the registered holder hereof, on the first day of Decemb
<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 June and December
<br />in each year, after date, until maturity, upon surrender of the annexed coupons as they
<br />severally become due, or if this bond be registered as to both principal and interest,
<br />to the registered holder hereof. Both principal and interest of this bond are payable
<br />in lawful currency of the United States of America at The Chase Manhattan Bank (National
<br />Association), New York, New York.
<br />
<br /> This bond is one of a series aggregating Four Million Five Hundred Thousand Dollars
<br />($4,500,000) and is issued for the purpose of providing funds for urban renewal purposes;
<br />for the acquisition of land and the construction of public buildings thereon; for the
<br />construction of curbs, gutters and drainage facilities, street and highway improvements;
<br />for the construction and equipping of certain parks and recreation facilities; for the
<br />purchase and installation of equipment for traffic control systems; for the repair of
<br />waste disposal facilities; and for the purchase of school buses, mobile classrooms and
<br />the construction of school buildings, under and pursuant to and in conformity with the
<br />Constitution and statutes of the Commonwealth of Virginia, including Chapter S of Title
<br />15.1 of the Code of Virginia, 1950, and the charter of the City of Portsmouth, and pursua]
<br />~o resolutions of the Council of the City of Portsmouth adopted October 23, 1973, and
<br /> , 1973, under said Chapter 5.
<br />
<br /> It is hereby certified and recited that all acts, conditions and things required
<br />by the Constitution and statutes of the Commonwealth of Virginia, to exist, to have
<br />happened, and to be performed precedent to and in the issuance of this bond~ exist,
<br />have happened and have been performed in due time, form and manner as required by law,
<br />and that the issue of bonds of which this is one together with all other indebtedness
<br />of the City, is within the otherwise authorized indebtedness of said City, and is within
<br />every debt and other limit prescribed by the Constitution and laws of the Commonwealth
<br />of Virginia.
<br />
<br />' The full faith and credit of the City of Portsmouth are hereby irrevocably pledged
<br />to the payment of the principal of and interest on this bond.
<br />
<br /> This bond is not subject to taxation by
<br />hereto attached shall, at and after maturity,
<br />and assessments due to the City.
<br />
<br />the City of Portsmouth and the coupons
<br />be received in payment of all dues, taxes
<br />
<br /> IN WITNESS WHEREOF, the City of Portsmouth has caused this bond to be manually
<br />signed by the Mayor and to be signed by the facsimile signature of the City Treasurer
<br />of said City, and a facsimile of the seal of the City to be imprinted hereon, attested
<br />by the facsimile signature of the City Clerk; and the coupons hereto attached to be
<br />authenticated by the facsimile signature of the City Treasurer; and this bond to be
<br />dated December 1, 1973.
<br />
<br />(SEAL)
<br />
<br />Mayor of
<br />Virginia
<br />
<br />the City of Portsmouth,
<br />
<br />ile
<br />
<br />City Treasurer
<br />
<br />
<br />
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