Minutes 09/12/1972 - Laserfiche WebLink

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September 12, 1972 in lawful currency of the United States of America, at The Chase Manhattan Bank (National Association), New York, New York, and the said bonds shall mature serially, in numerical order as follows: $250 000 $250000 $250 000 $280 000 $250 000 $280,0o0 $280 000 $Z50,000 $280 000 $250 000 $250 000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 $250,000 of said bonds to be payable of said bonds to be payable of said bonds to be payable of said bonds to be payable of said bonds to be payable of said bonds to be payable of said bonds to be payable of said bonds to be payable of said bonds to be payable of said bonds to be payable of said bonds to be payable of said bonds to be payable of said bonds to be payable of said bonds to be payable of said bonds to be payable of said bonds to be payable of said bonds to be payable of said bonds to be payable of said bonds to be payable of said bonds to be payable on November 1 on November 1 on November 1 on November 1 on November 1 on November 1 on November 1 on November 1 on November 1 on November 1 on November 1 on November 1, on November 1, on November 1, on November 1, on November 1, on November 1, on November 1, on November 1, on November 1, 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 The said bonds shall be manually signed by the Mayor and shall be signed by the facsimii signature of the City Treasurer, of the City of portsmouth with a facsimile of the seal of the City to be imprinted thereon, attested by the facsimile signature of the City Clerk, and the coupons shall be signed by the facsimile signature of the City Treasurer, and said bonds, coupons and the provisions for registration thereof shall be in substantially the following form, towit: UNITED STATES OF AMERICA COMMONWEALTH OF VIRGINIA CITY OF PORTSMOUTH GENERAL OBLIGATION BOND No. $5,000.00 The City of Portsmouth, a municipal corporation of the Commonwealth of Virginia, here- by acknowledges itself indebted for value received and promises to pay to the bearer, or if this bond be registered, to the registered holder hereof, on the first day of November, 19 , the sum of Five Thousand Dollars, and to pay interest thereon at the rate of per centum per annum payable semiannually on the first day of April and October in each year, after date, until maturity, upon surrender of the annexed coupons as they severally become due, or if this bond be registered as to both principal and interest, to the registered holder hereof. Both principal and interest of this bond are payable in lawful currency of the United States of America at The Chase Manhattan Bank (National Association), New York, New York. This bond is one of a series aggregating Five Million Dollars ($5,000,000) and is issued for the purpose of providing funds for urban renewal purposes, the construction of schools, certain other public buildings, curbs, gutters and drainage facilities, street and highway improvements; for construction and equipment of certain parks and recreation facilities; and for purchase of equipment for transportation, public safety and waste dispos al, under and pursuant to and in conformity with the Constitution and statutes of the Common wealth of Virginia, including Chapter S of Title 1S.1 of the Code of Virginia, 1950, and the charter of the City of Portsmouth, and pursuant to resolutions of the Council of the City of Portsmouth adopted September 12, 1972, and , 1972, under said Chapter S. It is hereby certified and recited that all acts, conditions and things required by the Constitution and Statutes of the Commonwealth of Virginia, to exist, to have happened, and to be performed precedent to and in the issuance of this bond, exist, have happened and have been performed in due time, form and manner as required by law, ~nd that the issue of bonds of which this is one together with all other indebtedness of the City, is within the otherwise authorized indebtedness of said City, and is within every debt and other limit prescribed by the Constitution and laws of the Commonwealth of Virginia. The full faith and credit of the City of Portsmouth are hereby irrevocably pledged to the payment of the principal of and interest on this bond. This bond is not subject to taxation by the City of Portsmouth and the coupons hereto attached shall, at and after maturity, be received in payment of all dues, taxes and assess- ments due to the City. IN WITNESS WHEREOF, the City of Portsmouth has caused this bond to be manually signed by the Mayor and to be signed by the facsimile signature of the City Treasurer of said City, and a facsimile of the seal of the City to be imprinted hereon, attested by the facsim~ ile signature of the City Clerk; and the coupons hereto attached to be authenticated by the facsimile signature of the City Treasurer; and this bond to be dated November t, 1972. (SEAL) Mayor of the City of Portsmouth, Virginia ,e