Minutes 11/25/1997 - Laserfiche WebLink

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266 November 25. 1997 the Maturity Date (specified above) unless this Bond shall have been duly called for previous redemption and payment of the redemption price duly made or provided for, the Principal Sum (specified above) and to pay interest on such Principal Sum on ., and semiannually on and of each year thereafter (each such date is hereinafter referred to as an "interest payment date"), from the date hereof or from the interest payment date next preceding the date of authentication hereof to which interest shall have been paid, unless such date of authentication is an interest payment date, in which case from such interest payment date, or unless such dateof authentication is within the period from the sixteenth [16th) day to the last~day of the calendar month next preceding the following interest payment date, in which case from such following interest payment date, such interest to be paid until the maturity or redemption hereof at the Interest Rate (specified~above) per annum, by check mailed by the Registrar hereinafter mentioned to the Registered Owner in whose name this Bond is registered upon the books of registry of the City kept by the Registrar as of the close Of business on the fifteenth (15th) day (whether or not a business day) of the calendar month next preceding each interest payment date at his address as it appears on such books of registry. Interest on this Bond shall be calculated on the basis of a three hundred and sixty (360) day year comprised of twelVe ('12) thirty (30) day months. The pr'mcipal~of and premium, if any, on this Bond are payable on presentation and surrender hereof at the office of the Deputy City Manager for Finance of the City, as Registrar and Paying Agent for this B~nd, inthe City of Portsmouth, Virginia. The principal of and premium, if any, and interest onthis Bond are payable in such coin or currency of the United States of America as at the respective dates of payment is legal tender for public and private debts. This Bond is one of an issue of Bonds aggregating Dollars ($ ) in principal amount and issued for the purpose of providing funds to pay the costs of various public improvement projects of and for the City and to refu nd in advance of their stated maturities and redeem certain outstanding general obligation public improvement bonds heretofore issued by the City to pay_the costs of various public improvement projects of and for the City, under and pursuant to and in full compliance with the Constitution and statutes of the Commonwealth of Virginia, including Chapter 5.1 of Title 15.1 of the Code of Virginia, 1950, recodified effective December 1, 1997 as Chapter 26 of Title 15.2 of the Code of Virginia, 1950 (the same being the Public Finance Act of 1991), and the Charter of the City, and proceedings of the Council of the City duly adopted and taken under the Public Finance Act of 1991 and such Charter. The Bonds of the issue of which this Bond is one maturing on and after _, (or portions thereof in installments of $5,000) are subject to redemption at the option of the City prior to their stated maturities on or after __, , in whole or in part from time to time on any date in any order determined by the City (except that if at any time less than all of the Bonds of a given maturity are called for redemption, the particular Bonds of such maturity or portions thereof in installments of $5,000 to be redeemed shall be selected by lot), upon payment of the following redemption prices (expressed as a percentage of the principal amount of the Bonds to be redeemed), together with the interest accrued thereon to the date fixed for the redemption thereof: Redemption Prices Redemption Dates (Both Dates Inclusive) (Percentage of Princinal Amount) to .__~__ % to .,_ % and thereafter :: %