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Minutes 11/25/1997
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Minutes 11/25/1997
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7/30/2001 8:31:17 PM
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City Council
City Council - Type
Adopted Minutes
City Council - Date
11/25/1997
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November 25. 1997 <br /> <br /> This Bond shall not be valid or obligatory unless the certificate of <br />authentication hereon shall have been manually signed by or on behalf of the <br />Registrar. <br /> <br /> The full faith and credit of the City is hereby irrevocably pledged to <br />the punctual payment of the principal of and premium, if any, and interest on this <br />Bond as the same become due. In each year while this Bond is outstanding and <br />unpaid, there shall be assessed, levied and collected, at the same time and in the <br />same manner as other taxes of the City are assessed, levied and collected, a tax <br />upon all taxable property within the City, over and above ail other taxes, <br />authorized or limited by law and without limitation as to rate or amount, sufficient <br />to pay when due the principal of and premium, if any, and interest on this Bond <br />to the extent other funds of the City are not lawfully available and appropriated <br />for such purpose and if and to the extent the revenues of the aforesaid water and <br />sewerage system are insufficient for thatpurpose. <br /> <br /> It is hereby certified, recited and declared that all acts, conditions <br />and things required to exist, happen or be performed precedent to and in the <br />issuance of this Bond do exist, have happened and have been performed in due <br />time, form and manner as required by law, and that the amount of this Bond, <br />together with ail other indebtedness of the City, does not exceed any limitation of <br />indebtedness prescribed by the Constitution or statutes of the Commonwealth of <br />Virginia or the Charter of the City. <br /> <br /> IN WITNESS WHEREOF, the City has caused this Bond to be executed by <br />the manual or facsimile signatures of its Mayor and Deputy City Manager for <br />Finance; an impression of the corporate seal of the City or a facsimile thereof to <br />be affixed hereto or imprinted hereon and attested by the manual or facsimile <br />signature of the City Clerk of the City; and this Bond to be dated December 1, <br />1997. <br /> <br />[SEAL] <br /> <br />CITY OF PORTSMOUTH, VIRGINIA <br /> <br />Attest: <br /> <br />Mayor <br /> <br />City Clerk <br /> <br />Deputy City Manager for Finance <br /> <br /> CERTIFICATE OF AUTHENTICATION <br /> <br /> This Bond is one of the Bonds delivered pursuant to the within- <br />mentioned proceedings. <br /> <br />Deputy City Manager for Finance, Registrar <br />Date of Authentication: <br /> <br /> <br />
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