Minutes 04/01/1992 - Laserfiche WebLink

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3O0 April 1, 1992 unless and until the certificate of authentication endorsed on each Bond shall have been manually executed by or on behalf of the Registrar. Upon the authentication of any Bonds the Registrar shall insert in the canfficate of authentication the date as of which such Bonds are authenticated as follows: (i) ff the Bond is authenticated prior to the first interest payment date, the certificate shall be dated as of the date of the Bonds are delivered to and paid for by the initial purchasers thereof; (h') if the Bond is authenticated upon an interest payment date, the certificate shall be dated as of such interest payment date; (ih') ff the Bond is authenticated after the fifteenth (15th) day of the calendar month next preceding an interest payment date and prior tn such interest payment date, the certificate shall be dated es of such interest payment date~ and (iv) in all other instances the certificate shall be dated as of'the interest payment date next preceding the date upon whleh 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 be printed on the Bonds, but neither the failure to print any such number on any Bond nor any error or omission with respect thereto shall 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 Purchase Contract. No such number shall constitute or be deemed to be a part of any Bond or a part of the contract evidenced thereby and no I/abillty shall attach to the City or any of it~ officers or agents because of or on account of any such number or any use made thereof. All expenses in relation to the priming of such numbers on the Bonds shall be paid by the City, including the CUSIP Service Bureau charge for the assignment of such numbers. A copy of the complete final legal opinion with respect to the Bonds, with the name of the attorney or mroranys rendering same, together with a certification of the City Clerk, executed by a-lacs/mile 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 dellvex'y of and payment for the Bonds, may be printed on the Bonds. The ~d~ shall be in substantially the following form: lJNrl'idD STATES OF AlVII~CA COMMO~TH OF VIRGINIA CITY OF PORTSMOUTH GENERAL OBLIGATION PORT IMPROVEMENT REFUNDING BOND, SF. K1ES 1992 No. POR-92-__ $ RATE : DATE : DATE OF BOND: CUSIP NO.: % NOVEMBER 1, APRIL 1, 1992 737237 REGISTERED OWNER: 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 pronmse~ to pay to the Registered Owner (name 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 of November, 1992 and semiannually on the first day of May and the fa'st day of November 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 date of 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 Rog~strar 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 momh next preceding each interest payment date at his address as it appears on such books or registry. The principal of and premium, if any, on this Bond are payable on presentation and surrender hereof at the office of the Director of Finance of the City, as Registrar and Paying Agent for this Bond, in the City of Portsmouth, Virginia.