|
F~brll~ry q. 1971
<br />
<br /> This bond is one of a series aggregating Five Million Dollars ($5,000,000) and is issued
<br />for the purpose of providing funds for the construction of schools, under and pursuant to and
<br />in conformity with the Constitution and statues of the Commonwealth of Virginia, including
<br />Chapter S of Title 15.t of the Code of Virginia, 1950, and the Charter of the City of Portsmo
<br />And pursuant to resolutions of the Council of the City of Portsmouth, adopted February 9, 197
<br />and , 1971, under said Chapter 5.
<br />
<br /> It is hereby certified and recited that all acts, conditions and things required by the
<br />Constitution and statutes of the Commonwealth of Virginia, to exist, to have happened, and
<br />to be performed precedent to and in the issuance of this bond, exist, have happened and have
<br />been performed in due time, form and manner as required by law, and that the issue of bonds
<br />of which this is one together with all other indebtedness of the City, is within the otherwis~
<br />authorized indebtedness of said City, and is within every debt and other limit prescribed by
<br />the Constitution and laws of the Commonwealth 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 the City of Portsmouth and the
<br />attached shall, at and after maturity, be received in payment of all dues,
<br />due to the City.
<br />
<br />coupons hereto
<br />taxes and assessme
<br />
<br />uth,
<br />1,
<br />
<br />~ts
<br />
<br /> IN WITNESS WHEREOF, the City of Portsmouth has caused this bond to be manually signed
<br />by the Mayor and to be signed by the facsimile signature of the City Treasurer of said City,
<br />and a facsimile of the seal of the City to be imprinte~ hereon, attested by the facsimile sigFa~
<br />~ure of the uity Clerk; and the coupons hereto attachea to be authenticated by the facsimile
<br />signature of the City Treasurer; and this bond to be dated April 1, 1971.
<br />
<br />(SEAL)
<br />
<br />Mayor of the City of Portsmouth, Virginia
<br />
<br /> City Treasurer
<br />
<br />Attest:
<br />
<br />City Clerk
<br />
<br />NO.
<br />
<br /> The City of Portsmouth,
<br />pay to bearer on the day
<br />lawful currency of the United
<br />New York, being the
<br />
<br />No.
<br />
<br /> (FOKM OF COUPON)
<br />
<br /> $
<br />
<br />a municipal corporation of the Commonwealth of Virginia,
<br />of
<br />
<br /> will
<br /> , 19 , the sum of in
<br /> States of America at The Chase Manhattan Bank, N.A., New York,
<br />interest then due on its General Obligation Bond dated Anril 1, 1971.
<br />
<br />City Treasurer
<br />
<br />(FORM OF REGISTRATION)
<br />
<br /> This bond may be registered in the name of the holder on the books kept by the City Audi
<br />of the City of Portsmouth, Virginia, as Registrar, as to principal on]y, such registration
<br />being noted hereon by the Registrar in the registration blank below, after which no transfer
<br />shall be effective against the Registrar, the City of Portsmouth and the paying agents for
<br />this bond unless made on said books by the registered holder or attorney duly authorized and
<br />similarly noted by the Registrar in the registration blank below; but it may be discharged
<br />from such registration by being transferred to bearer, after which it shall be transferable
<br />by delivery, but it may be again registered as before. The registration of this bond as to
<br />principal shall not restrain the negotiability by delivery merely of the coupons pertaining
<br />herete, but the coupons may be surrendered and the interest made.payable only to the registered
<br />holder, in which event the Registrar shall note in the registratmon blank below that the bond~
<br />is registered as to interest as well as to principal. With the consent of the holder and the
<br />City of Portsmouth, this bond when converted into a bond registered as to both principal and
<br />interest may be reconverted into a coupon bond and again converted into a bond registered as
<br />to both principal and interest, as hereinabove provided, but always at the expense of the hol
<br />Upon reconversion of this bond, when registered as to principal and interest, into a coupon
<br />bond, coupons representing the interest to accrue on this bond to date of maturity shall be
<br />attached thereto by the Registrar, and the Registrar shall note in the registration blank bel,~w
<br />whether the bond is registered as to principal only or payable to bearer.
<br />
<br />or
<br />
<br />
<br />
|