|
March 24~ 1993
<br />
<br />The City, at its option, may credit against such mandatory stoking fund redempUon requirement,
<br />the principal amount of any Bonds of the issue of which tiffs Bond is one maturing on August
<br />1, 2019 which have been purchased and cancelled by the City or which have been redeemed and
<br />not theretofore applied as a credit a~nst such mandatory ~nking fund redemption requirement.
<br /> If this Bond is redeemable and tiffs Bond (or any portion of the principal amonut
<br />hereof in installments of $5,000) shall be called for redemption; notice of the redemption hereof,
<br />specifying the date, number and maturity of this Bond, the date and place or places fixed for its
<br />redemption, the premium, if any, payable upon such redemption, and if less than the entire
<br />principal amount of this Bond is to be redeemed, that this Bond must be surrendered in exchange
<br />for the principal amount hereof to he redeemed and a new Bond or Bonds issued equalling in
<br />principal amount that portion of the principal amount hereof not to be redeemed, shall be mailed
<br />not less than ~ (30) days prior to the date fixed for redemption by first class mail, postage
<br />prepaid, to the Registered Owner hereof at bis address as it appears on the books of registry kept
<br />by the Registrar as of the close of business on the forty-fifth (45th) day next preceding the date
<br />fixed for redemption. If notice of the redemption of this Bond shall have been given as
<br />~oresald, and payment of the principal amount of this Bond (or the portion of the principal
<br />amount hereof to be redeemed) and of the accrued interest and premium, if any, payable upon
<br />such redemption shall have been duly made or provided for, interest hereon shall cease to accrue
<br />from and after the date so specified for the redemption hereof.
<br />
<br /> Subject tc the limitations and upon payment of the charges, if any, provided in
<br />the proceedings authorizing the Bonds of the issue of which this Bond is one, this Bond may be
<br />exchanged at the principal office of the Registrar for a like aggregate principal amount of Bonds
<br />of other authorized principal amounts and of the same issue, interest rote and maturity. This
<br />Bond is transferable by the Registered Owner hereof, in person or by his attorney duly
<br />amhorized'Sn w_riling, on the books of registry kept by the Registrar for such purpose at the'
<br />principal office of the Registrar but only in the manner, subject to the limitations and upon
<br />payment of th~?harges, if any, provided in the proceedings authorizing the Bonds of the issue
<br />of which tiffs Bond is one, and upon the surrender hereof for cancellation. Upon such transfer
<br />a new Bond or BQnds of authorized denominations and of the same aggregate principal amount,
<br />interest rate.a~d maturity as the Bond sun'endered, will be issued m the transferee in exchange
<br />herefor.
<br />
<br /> ~ This Bond shall not be valid or obligatory unless the certificate of authentication
<br />hereon shall have been manually signed by or on behalf of the Registrar.
<br />
<br /> The fun faith and credit of the City are hereby irrevocably pledged for the
<br />payment of,the principal of and interest on this Bond as the same become due. The principal
<br />hereof and interest hereon shall be payable from ad valorem taxes, without limitation of rate or
<br />amount, upon all property within the City subject to taxation by the City, if and to the extent
<br />the revenues of the aforesaid water and sewerage system are insufficient for that purpose.
<br />
<br /> It is hereby certified, recited and declared that all acts, cenditiom and things
<br />required to exist, happen or be performed precedent to and in the issuance of this Bond do exist,
<br />have happened and have been performed in due time, form and mnnner as required by law, and
<br />that the amount of this Bond, mgetber with all other indebtedness of the City, does not exce~
<br />any limitation of indebtedness prescribed by the Constitution or statutes of the Commonwealth
<br />of Virginia or the Charter of the City.
<br />
<br /> IN WITNESS WHEREOF, the City has caused this Bond to be executed by the
<br />facsimile signatures of its Mayor and Director of Finance and a facsimile of the corporate seal
<br />of the City to he imprinted hereon and attested by the facsimile signature of the City Clerk of
<br />the City; and this Bond to be dated the first day of April, 1993.
<br />
<br />[SEAL]
<br />
<br />CITY OF PORTSMOUTH, VIRGINIA
<br />
<br />Attest: Mayor
<br />
<br />City Clerk Director of Finance
<br /> cER'ieii~ATE_~_ OF AUTUv:NTICATION
<br />
<br />Bond
<br />
<br />is one of th6 B~ods delivered pursuant to the w/thin-mentioned
<br /> Director of Finance, Registrar
<br />
<br />Date of Authentication:
<br />
<br />
<br />
|