Minutes 03/24/1993 - Laserfiche WebLink

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~[arch 24, 1993 The I)irector of Finance of the Cky, as the Rog/strut for the Bonds, authenticate s~Ch Bonds and no such Bond shall bo valid or ob[igato~ for any tmrpose unl~s~ and until the cextificate of authentication endorsed on each Bond shat[ have been manuaity executed by or on behalf of the Registrar. Upon the authentication of a~y Bonds the Registm~ shall insert in the certificate of authentication the date as of which such Bonds are authenficaXed as follows: (i) if~e Bond is authenticated prior to the first interest payment date, the certificate shall bo dated as of the date the Bonds are delivered to and paid for by the ~ purchasers thereof; (ii) ff the Bond is authenticated upon an interest payment date, the certificate shall be dated as of such interest payment date; (iii) if the Bond is authenticated after the fifteenth day of the~ealendar month next preceding an interest payment date and prior to such interest payment date, the certificate shall be dated as of such interest payment date; and (iv) in ali other instances the certificate shall be dated as of the interest payment date next preceding the date upon which the Bond is authenticated. The execution of the Bonds in the manner above set forth is adopted as a due and sufficient authentication of the Bonds. CUSIP identification numbers may bo printed on the Bonds, but neither the failure to print any such number on any Bond nor any error or omission with respect thereto stmli constitute cause for failure or refusal by the Underwriter of the Bonds to accept delivery of and pay for the Bonds in accordance with the terms of the Purelmse Contract. No such number shall constitute or be deemed to bo a pan of any Bond or a pan of the contract evidenced thereby and no liability shall attach to the City of any of its officers or agents because of or on account of any such number or any use made thereof. Ail expenses in relation to the printing of such numbers on the Bonds shall be paid by the City, including the CUSIP Service Bureau charge for the assignment of seeh nnmbors. A copy of the complete final legal opinion with respect to the Bonds, with the name of the attorney or attorneys xender4ng same, together with a certification of the City Cierk, executed by a facsimile signature of that officer, to the effect that such copy is a true and correct copy of the legal opinion which was dated as of the date of delivery of and payment for the Bonds: may bo plqnted oa the Bonds. 8. The Bonds shall be in substantially the following form: UNITED STATES OF AM~,RICA COMMO~TH OF VIRGINIA CITY OF PORTSMOb'rH GENERAL OBLIGATION PUBLIC UTthlTY REFUNDING BOND, SERIES 1993 No. PUR-93- $ RATE: DATE: DATE OF BOND: CUSIP NO.: % AUGUST 1, APRIL 1, 1993 737237__ RF_,GISTERED OWNER: CEDE & CO. PRINCIPAL SUM: DOLLARS The City of Portsmouth, a municipal corporation of the Commonwealth of Virginia (the "City"), for value received, acknowledges itself indebted and hereby premises to pay to the Registered Owner (named above), or registered' assigns, on 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 the first day 0f Augnst, 1993 and semiannnally on the In'st day of Februaxy and the first day of August of each year thereafter (each such date is hereinafter referred to as au "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 au interest payment date, in Wliich case, from such interest payment date, or unless such date of authentication is within the period from the sixteenth (16th) day to the last day of the calendar month next preeedhlg the following interest payment date, in which case from such following interest payment date, such interest to bo paid until the maturity or redemption hereof at the Interest Rate (specified above) per nummi, by check mailed by the Registrar hereinafter mentioned to the Registered Owner in whose name this Bond/s 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 appem~ on such books of registry. The principal of and premium, if any, on this Bond are payabie on presentation and surrender hereof at the principa/office of the Director of Finance of the City, as Registrar and Paying Agent for this Bond, in the City of Ponsmonth, Virginia.