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~F01~! OF REGISTRATIOn)
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<br /> I hereby certify that at the request of the holder of the within bond ~or its con~rsion into a bond
<br />registered as to both principal and interest. 1 have, tRis date cut off and destroyed coupons attached hereto
<br />numbered from to , inclusive, of the amount of
<br /> each) a'mountiug in' aggregate to
<br />'D~llars ($ ). and that the within bond is HereBy converted i~ 'a registered bond with the principal
<br />and semi.annual interest thereof payable to
<br /> ,,, ~ass~gmee or legal
<br />representative. Dated at Portsmouth, Virginia, th£s ........ day of , lg
<br />
<br />DATE OF REGISTRATION NAME OF REGrSTERHD HOLDER REGISTERED BY
<br />
<br /> Section 2, Full power and authority is hereby given to the City Manager of the. City of Portsmouth to pre-
<br />pare ~nd issue the said ~bonds in such form and for s~m ~ as authorized bythe preceding section. The said
<br />City Manager is aUthori£~d bp c~us~ -to~h~:~mprimted~on'f~e back of each of said bonds a copy of the complete
<br />final legal opinion with respect t~ said Bonds, ~ith the name of the attorney or attorneys rendering same, to-
<br />gether with a certification Of the City Clerk, evidenced by a facsimile signature of that officer, to the ef-
<br />fect that the copy is a true and correct copy of the legal opinion which was dated as of the date of delivery
<br />and payment of the bonds. Full power and authority is hereby given the City Manager to make sale of the said
<br />bonds, and i~ such memner, at such time and place as the said City Manager may determine; provided, however,
<br />that the same shall not Be sold upon a ~as~ w.b~ch will cost the City of Portsmouth interest at the rate of mor~
<br />than six per cent~ per ann~m, and that no sale shall be made without the approval of the City Council. The :
<br />said bonds shall be subject to no taxation by the City of Portsmouth, and the said coupons shall be received in
<br />payment of all dues, taxes, and assessments due to the said City.
<br />
<br /> Section $. The bonds authorized by this resolution shall not be included in determining the limitation
<br />upon the power of the City to incur Indebtedness under the provisions of Section One Hundred and Twenty-seven,
<br />Clause {b], of the Constitution of Virginia, but from and after November 7, 1966~ whenever and for so long as
<br />the water works system constructed and improved out of proceeds of said bonds fails to produce sufficient re-
<br />venue to pay the cost of operation and administration, {including interest on bonds issued therefor, and the
<br />cost of insurance against loss or injuries to persons and property), and an annual amot~t to be covered into a
<br />sinking fund sufficient to pay at or before maturity all bonds issued on account of said water works pystem,
<br />all such bonds outstanding shall be included in determining the limitation upon the power of tb~ City of Ports-
<br />mouth to incur indebtedness.
<br />
<br />Section 4. This resOlution shall take effect from its passage."
<br />
<br /> 68-4SI - "I submit the attached resolution and recommend its adoption. This authorizes condemnation
<br />proceedings for property needed for the London-Glasgow Street Expressway.
<br />
<br /> This covers two parcels.that Have title deficiencies; therefore, it is necessary that condemmation pro-
<br />ceedings be instituted."
<br />
<br />On motion of Mr. King, the following resolution was adopted, without dissenting vote:
<br />
<br />"A RESOLUTION TO PROVIDE FOR THE ACQUISITION OF CERTAIN PRSPERTY BY THE CITY OF PORTSMOUTH UNDER
<br />~MtNHNT DOMAIN PROCEEDINGS PURSUANT TO C~PTER 229 OF THE ACTS OF ASSk~fBLY OF 1966, SAID PROPERTY
<br />BEING NECESSARY FOR THE CONSTRUCTION, WtD~It~G AND. I~w~ROVEA~NT OF STATE ~IG~AY RouTE 58 FROM THE
<br />INTERSECTION OF AIRLINE BOULEVARD ;~qD HIGH STREET TO THE INTERSECTION OF LONDON AND EFFINGHAM
<br />STREETS
<br />
<br /> Pa~EREAS, in cooperation with the Federal and State governments, State Highway Ro~e 58 is being constructed
<br />~i~ne~ an~ imp~o~e~ ~om %h~ iR~ersec-t~n of 5d~(hl~d :E~i~fi~t~g in the City of Portsmouth, Virginia;
<br />and
<br />
<br /> WHEREAS, one of the obligations of the City of Portsmouth with respect to said project is the provision
<br />of the land necessary for the construction; and
<br />
<br /> WHEREAS, the City ~6 Portsmouth has found it to be necessary to acquire the interest Hereinafter specified
<br />in and to the hereinafter described parcels of land situate in the City of Portsmout~ Virginia, for the put-,
<br />pose of const~cting, widening and improving the aforesaid State Highway Route 58; and
<br />
<br /> I~HEREAS, the City of Portsmouth has not been able to purchase the property described herein, necessary to
<br />the project, because the owners thereof and the City have not been able to agree upon t~ price to be paid
<br />therefor, or the City has not been able to locate certain of the owners or because of the status of the title
<br />of certain parcels of the property; and
<br />
<br /> ~HHRBAS, advancement of the work and use of said State Highway Route 58 will be delayed unreasonably if the
<br />said property is not made available as soon as possible,
<br />
<br />'NOW, THEREFORE, BE IT P~SOLVED by the Council of the City of Portsmouth, Virginia:
<br />
<br /> Section 1. The City Attorney is directed to institute eminent domain proceedings, employing special
<br />counsel for that purpose if he deems it advisable, against the property hereinafter described located along
<br />State H~ghway Route 58, for the purpose of acquiring fee simple title therein, in accordance with and pursuant
<br />to Section 25 (F) of the Charter of the City of Portsmouth (Chapter 22~ of the Acts of Assembly of 1966), and
<br />to deposit to the credit of the court as provided by law the sum hereinafter specified to compensate the respect~
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