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April I1, 19.8:9 <br /> <br /> The full faith and credit of the City are irrevocably <br />pledged for the payment, of principal of. and in.terest on this <br />Bond. <br /> This Bond is duly~authorized and issued.in complianqe with <br />and pursu'ant to -the-Cb~n~s~ituti'on :a~rd :laws of the Common~e&l bh <br />of Virginia ~ i~l ~d~ing": the. Public Finance :Act,-Ckapter ~5,' ~Ti. tle <br />15.1, Code of Virginia 1950; as arae~d~d,;.the .Cha-r:te~ of: <br />City and ordinances and resolutions duly ad~pted by the City <br />Council of t~he City. and~t~e SCh~otBOa~r~gf:~'e::.Ci~y~ to provide <br />funds to finance the purchase of equ:ipment for. s6h01~)l ~purpeses <br />through the Gove~nor'.s Educational T~chnelogy Initiative <br /> <br />School <br />~he <br /> <br /> All <br />ConstitutJ <br />Charl <br />to a~d J <br /> <br />re¢ <br />6f <br /> <br />lev <br /> <br />~he paymq~ <br />the <br /> <br />Ports~ou~ <br />City <br /> <br />sic <br /> <br /> ~e: ~:~ :q~.~c~ :to <br /> <br />~ exist or De perfo~e~.~prec~den.t <br />~e B~d have happened., ~xist and <br />i~ ~.time~ ~f~ and mann~ a~.~ so <br />;~ ;~to~ebher~ w~ith all other i~ebtedness <br />~n :e~er~y debt a~d~6ther li~it ~r~es~E!~d by <br /> laws ~f the C0mm~nwealth of :~irginia and <br /> has/bee.n~made Eo~ the <br />Sf aR annual~ tax. upon all ~tax~ble property <br /> · ~cat taxatiO~ S~fficient ~Q provide for <br /> of and~>~interest on this~B~nd as <br /> <br />City Council of t~e City ef <br />Bond~to b~-issued.im the .name of the <br />ia, ~to ~e~si~ned"by its~'M~Yoror Vice <br />xed~h~reto~ a.md attested ~ the~ <br /> ~' ~f~Sl[Deputy:Clerk~land ~h~s <br /> <br />(SEAL) ~ ~ ¢~?~ ': <br />~TTEST: <br /> <br />Clerk, Cit~ Co~6iI?~f <br />the City of Portsmo6th <br /> <br />By: <br /> <br />Mayor, City Council of <br />the City of Portsmouth <br /> <br />Payment Interest <br />Dates Ra~e <br /> <br />D~cember 15, 1989 <br />June 15, 1990 <br />December 15, 1990 <br />June 15~ 19.91 <br />December 15, 1991 <br />J~nfe 15~ 1992 <br /> <br />Uece~d~eT"'t5, 1992 <br />June 15, 1993 <br />December 15, 1993 <br /> <br />Ayes: Barnes, ~orprew, <br />Nays: None <br /> <br />Direstor of Finance <br /> <br />SCHEDULE 1 <br /> <br /> Principal <br /> Interest Installment Total <br /> Due Due Due <br /> <br />% $ ~ $ <br /> <br />Gray, Hawks, Lucas, Simpson, Webb <br /> <br /> <br />