Minutes 04/14/1987 - Laserfiche WebLink

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April 14, 1987 ~ copy of the complete final legal opinion with respect to the Bondsr with the n~e of the attorney or attorneys renderi~g sa~,. tegethe~ with a certification of the City Clerk, executed by a facsimile signature of ~nae officer, to the effect that ~uch 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, ma~ be printed on the Bonds. 8. The Bonds shall be in substantially the following form: (FORM OF BOND) UNITED STATES 0F ~ERICA C0MMO~EAE~H OF VIRGINIA CITY OF PORTSMOUTH PUBLIC IMPROVEMENT AND REFUNDIN~ BOND, SERIES No. R- $. INTEREST MATURITY ORIGINAL RATE: DATE: ISSUE DATE: REGISTERED HOLDER: PRINCIPAL SUM: CUSIP: The City of Portsmouth, a municipal corporation of the Con%monweatth of Virginia (the "City"), for value received, acknowledges itself indebted and hereby promises to pay to the Registered Holder (named above), or registered assigns, on the ~4aturity Date (spgcified above) unless this Bond shall have been duly called for previous redemption and payment of the redemption price duly made or provided for, the ~rincipal Sum (specified above) and to pay interest on such Principal Sum on the first day of November, 1987 and semiannually on the first day of May and the first day of November of each year thereafter (each such date ~ hereinafter referred to as an "interest paymen~ date"), frc~ the date hereof or from the interest paymenu date nex~ preceding the date of authentication hereof to which interest shall have been paid, ~nless such dat~ of authen- tication is an interest payment date, in Which case, from such interest payment date, or unless such date of authen- itication is within the period from the sixteenth (16th) day to the last day of the calendar month next preceding the following interest paymen~ date, in which case from such following interest payment dane, such interest to be paid until the maturity or redemption hereof at the Interest Rat~ (SP?cifi*d abo~e) per annum, by ch~ck mailed by the Registrar hereinafter mentioned to the Reg~istered Holder i~ ~hose name this Bond is registered upon t~e books of registry of the City kept by the Registrar as of the close .of business on the fifteenth {15th) day (whether o~ not a l~usiness day) of the calendar month nexE preceding each .~znte est payment date at his address ~as ib appears on such ~ooks of registry. The principal bf and ~remium, if any, ~D this Bond are payable on presentation and~surrender hereof ~% th~ prihcipai corporkte trust o~f~c~ iO~i , . , as Registrar a~d ~i~ iAgeRt for this ill IB~ad, in tl~e City of ~Vir~inia. The pr~nczp~t of aed pr.emmu~m, ~f any~ a&d znte~s~ on this Bond are payable in such coin or csrrency of the United States of Amarica as at the respectzve dates o~ payment is legal tender for public and private debts. This Bond is one of an i~sue of Bonds aggregatir~g Dollars ~$ ~ ) ~n principal am~une and £ssued fo;r the purpose of' providi~ ' funds t~ refund in aduance ~ their ~tated ma~riti~s~ andi!l redeem, certain outstanding publici impr0v~ment bonds here~ fore issued by the City to pa~ tb~e costs ~f v~r.io~s publi~