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<br /> The Bonds shall be signed by the Mayor and by the City Treasurer of the City
<br />of Portsmouth, either of whose signature upon the Bonds may be a facsimile of his signature.
<br />A facsimile of the seal of the City of Portsmouth shall be imprinted thereon, attested
<br />by the facsimile signature of the City Clerk. The coupons attached to the Bonds shall
<br />be signed by the facsimile signature of the City Treasurer. The Bonds and coupons pertainin
<br />thereto shall be substantially in the following form, to-wit:
<br />
<br />UNITED STATES OF AMERICA
<br />
<br />CCOMMONWEALTH OF VIRGINIA
<br />
<br />CITY OF PORTSMOUTH
<br />
<br />GENERAL OBLIGATION BOND
<br />
<br />No.
<br />
<br />$S,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 day of ,
<br />19 , the sum of Five Thousand Dollars, upon the surrender hereof, and to pay interest
<br />thereon at the rate of per centum per annum payable semi-annually on the day
<br />of and in each year, after date, until maturity, upon surrender
<br />of the annexed' coupons as they severally become due, or if this bond be registered as
<br />to both principal and interest, to the registered holder hereof. Both principal and interest
<br />of this bond are payable in lawful currency of the United States of America at The Chase
<br />Manhattan Bank, N.A., New York, New York.
<br />
<br /> This bond may be registered by the holder as to principal or as to both principal
<br />and interest in accordance with the provisions for such registration endorsed hereon.
<br />
<br /> This bond is one of a series aggregating Three Million Dollars ($3,000,000) and is
<br /> issued for the purpose of providing funds for the construction of schools, certain other
<br /> public buildings, storm sewers, and streets; for the purchase of property for governmental,
<br /> recreational and port development purposes; for the purchase of equipment; for urban renewal
<br /> purposes; and to pay certain annexation costs pursuant to the order entered in the Circuit
<br /> Court of the City of Chesapeake, Virginia, on October 2, 1967, annexing certain territory
<br /> to the City of Portsmouth, effective January 1, 1968, under and pursuant to and in conformity
<br /> with the Constitution and statutes of the Commonwealth of Virginia, including Chapter
<br />S of Title 1S.1 of the Code of Virginia, 19S0, and the Charter of the City of Portsmouth,
<br />and pursuant to a resolution of the Council of the City of Portsmouth, entitled: "A RBSOLUTIO]
<br />AUTHORIZING THE ISSUANCE OF TEN MILLION DOLLARS ($10,000,000) GENERAL OBLIGATION BONDS
<br />OF THE CITY OF PORTSMOUTH, VIRGINIA, FOR THE PURPOSE OF PROVIDING FUNDS FOR THE CONSTRUCTION
<br />OF SCHOOLS, CERTAIN OTHER PUBLIC BUILDINGS, STORM SEWERS, AND STREETS; FOR THE PURCHASE
<br />OF PROPERTY FOR GOVERNMENTAl, RECREATIONAL, AND PORT DEVELOPMENT PURPOSES; FOR THE PURCHASE
<br />OF EQUIPMENT; FOR URBAN RENEWAL PURPOSES; AND TO PAY CERTAIN ANNEXATION COSTS PURSUANT
<br />TO THE ORDER ENTERED IN THE CIRCUIT COURT OF THE CITY OF CHESAPEAKE, VIRGINIA, ON OCTOBER
<br />2, 1967, ANNEXING CERTAIN TERRITORY TO THE CITY OF PORTSMOUTH, EFFECTIVE JANUARY 1, 1968,
<br />AND MAKING PROVISION FOR THE FORM OF SAID BONDS AND FOR THE PAYMENT THEREOF," adopted
<br />July 28, 1970, under said Chapter S.
<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 happened,
<br />and to be performed precedent to and in the issuance of this bond, exist, have happened
<br />and have-been performed in due time, form and manner as required by law, and that the
<br />issuance of bonds of which this is one together with all other indebtedness of the City,
<br />is within the otherwise authorized indebtedness of said City, and is within every debt
<br />and other limit prescribed by 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 />for the payment of the principal and interest of this bond.
<br />
<br /> This bond is not subject to taxation by the City of Portsmouth and the coupons hereto
<br />attached shall, at and after maturity, be received in payment of all dues, taxes and assessme:
<br />due to the City.
<br />
<br /> IN WITNESS WHEREOF, the City of Portsmouth has caused this bond to be signed by the
<br />Mayor and by the City Treasurer of said City, either of whose signatures hereon may be
<br />a facsimile signature of his signature; a facsimile of the seal of the City to be imprinted
<br />hereon, attested by the facsimile signature of the City Clerk; the coupons hereto attached
<br />to be authenticated by the facsimile signature of the City Treasurer; and this bond to
<br />be dated , 19
<br />
<br />.(SEAL}
<br />
<br />Mayor of the City of Portsmouth, Virginia
<br />
<br />Attest:
<br />
<br />City Treasurer
<br />
<br />City Clerk
<br />
<br />ts
<br />
<br />
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