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Minutes 11/15/1938
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Minutes 11/15/1938
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2/8/2002 5:21:38 PM
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City Council
City Council - Type
Adopted Minutes
City Council - Date
11/15/1938
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Novembe~ l~th~ ~ Qy~ <br /> <br />anti-to keep the City f~&ly informed as To the status of the Projects. <br /> <br /> 8. The City consents to the assignment of this Agreement for the protection <br />of the holders of any bonds issued to aid in financing, the development of the Projects. <br /> 9. This Agreement shall cOntinue~ in f~ll force and effect with respect to each <br />Project so long as the title thereto (except for the lien or title conveyed to the Trustee <br />under the Indenture securing bonds issued to aid in the development of the Project) is held <br />by the Authority or some other public body or agency of the State. <br /> lO. The term "Projects" as used in this Agreement shall mean any low-rent hous- <br />ing projects now or hereafter undertaken within the City by the Authority with respect to <br />which a contract or contracts to obtain Federal annual contributions have been made, or will <br />be made within one year from the date hereof, with the United States Housing Authority. The <br />term "Project" shall mean any one of such ProjecTs which is to be aided under a separate An <br />nual Contributions Contract between the Authority and the United States Housing Authority <br />latLug solely to Annual contributions on that particular project. <br /> <br /> IN WITNESS WHE_REOF, the City of Portsmouth, Virginia and the Housing Autho- <br />rity of the City of Portsmouth, Virginia have respectively caused this Agreement to be dLtly <br />executed in triplicate as of the day of ~ , 1938. <br /> <br />(SEAL) <br />ATTEST: <br /> <br />CITY OF PORTSMOUTH, VIRGINIA <br />By. - <br /> <br />City Clerk. <br /> <br />(SEAL) <br />ATTEST: <br /> <br />On motion adjourned. <br /> <br />Approved ~ <br /> <br /> President <br /> <br />HOUSING AUTHORITY OF THE CiTY <br /> OF PORTSMOUTH, VIRGINIA <br /> <br />By <br /> Chairman <br /> <br />Clerk, <br /> <br /> <br />
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