Laserfiche WebLink
260 <br /> <br />Apritht~-1987 <br /> <br />as aforesaid, and payment of the principal amount of this <br />Bond (or the portion of the principal amount hereof ~o be <br />r~deemed) and of the accrued interest and premium~ if any, <br />payable upon such redemption shall have been duly made or <br />provided for, interest hereon shall cease to accrue from and <br />after the date so specified for the redemption hereof. <br /> <br /> Subject to the limitations and upon payment of the <br />charges, if any, provided in the proceedings authorizing the <br />Bonds of the issue of which this. Bond is one, this Bond~ may <br />be exchanged at the principal corporate trust office of the <br />Registrar for a like aggregate principal ~nounn of Bonds of <br />other authorized principal amounts and of the same issue, <br />interest rate and maturity. This. Bond is transferable by <br />the Registered Bolder hereof, in person or by his attorney <br />duly authorized in writing, on the books of register kept by <br />the Registra~ for such purpose at the principal corporate <br />trust ~ffice of the Registrar but only in the manner, <br />subject tc the limitations 5nd upon payment of the charges, <br />if any, provided in the proceedings authorizing the Bonds of <br />the issue Of which this Bond is one, and upon the surrender <br />hereof for cancellation. Upon such transfer a new Bond or <br />Bonds of authorized denominations and of the same aggregate <br />principal amount, interest rate and'matur{ty as the Bond <br />surrendered, will be issued to the transferee in exchange <br />herefor. <br /> <br /> This Bond shall not be valid or obligatory unless <br />the certificate of authentication hereon shall have been <br />manually signed b~ an authorized signator of the Registrar. <br /> <br /> The full faith and credit of the City are hereby <br /> irrevocably pledged for the payment of the principal of and <br /> interest on this Bond as the same become due. The principal <br /> hereof and interest hereon shall be payable from ad valorem <br /> taxes, without limitation of rate or amount, upon all <br /> property within the City subject to taxation by the City, if <br /> the revenues of the aforesaid water and sewerage system are <br /> insufficient for that purpose. <br /> <br /> It is hereby certified, recite~ a~d declared that <br /> all aCts, conditions and things required to exist, happen or <br />· be performed precedent to and in the issuance of this Bond <br /> exist, have happened and have been performed in due time, <br /> form and manner as required by law, asd that the amoun~ of <br /> this Bond, together with all other indebtedness of the City, <br /> does not exceed any limitation of indebtedness prescribed by <br /> the Constitution or statues of the Commonwealth of Virginia <br /> or the Charter of the City. <br /> <br /> IN WITNESS WHEREOF, the City has caused this Bond <br /> to be executed by the facsimile signatures of its Mayor and <br /> Director of Finance and a facsimile of the corporate seal of <br /> the City to be imprinted hereon and attested by the facsi- <br /> mile signature of the City Clerk of the City; and this Bond <br /> to be dated as of the first day of May, t987. <br /> <br />[SEAL] <br /> <br />CITY OF PORTSMOUTH, <br /> VIRGINIA <br /> <br />Attest: Mayor <br /> <br /> City Clerk Director of Finance <br /> <br /> (FO~ OF CERTIFICATE OF AUTHENTICATION) <br /> <br /> Certificate of AuthenticatIon <br /> <br /> This Bond is one of the Bonds delivered pursuant <br />to the within-mentioned proceedings. <br /> <br /> ], Registrar <br /> <br /> By: ~ <br /> Authorized Signature <br /> <br />Date of Authentication: <br /> <br /> <br />