Minutes 10/01/1985 - Laserfiche WebLink

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13:6 October i, 198S The execution of the Bonds in the manner above set forth is adopted as a due and sufficient authentication of the Bonds. 8. 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 successful bidder for the Bonds to accept delivery of and pay for the Bonds in accordance with the terms of its bid. 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 liability shall attach to the City or any of its officers or agents because of or on account of any such number or any use made thereof. All expenses in relation to the printing of such numbers on the Bonds shall:be paid by the City; provided, however, that.the CUSIP Service Bureau charge for the assignment of such numbers shall be the responsibility of and shall be paid for by the successful bidder for the Bonds. A copy of the complete final legal opinion with respect to the Bonds, with the name oflthe attorney or attorneys rendering same, together with a certification of the City Clerk, executed by a facsimile 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 delivery of and payment!for the Bonds, may be printed on the Bonds. 9. The Bonds shall be in substantially the following form: [Form of Bond] UNITED STATES OF AMERICA COMMONWEALTH OF VIRGINIA CITY OF PORTSMOUTH GENERAL OBLIGATION PUBLIC UTILITY BOND No. R- $__ INTEREST MATURITY ORIGINAL RATE: DATE: ISSUE DATE: CUSIP: REGISTERED HOLDER: PRINCIPAL SUM: The City of Portsmouth, a municipal corporation of the Commonwealth 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 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 May, 1986 and semiannually on the first day of November and the first day of May 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 Registrar hereinafter mentioned to the Registered Holder 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 (!5th) day (whether or not a business day) of the calendar month next preceding each interest payment date at his address as it appears on such books of registry. The principal of and premium, if any, on this Bond are payable on presentation and surrender hereof at the principal office of Bank of Virginia Trust Company, as ReGistrar, in the City of Richmond, Virginia