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November 9, 1982
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<br /> %. The Bonds shall be executed, for and on behalf of the City, by the manual or facsimile
<br />signatures of the Mayor and Director of Finance of the City, and the corporate seal of the City sba
<br />~e impressed or a facsimile thereof imprinted on the Bonds and attested by the manual or facsimile
<br />signature of the City Clerk of the City; provided, however,, that at least one of such signatures on
<br />~he Bonds shall be a manual signature. The Bonds, except when registered as to both principal and
<br />.nterest, shall have coupons attached thereto representing the interest on the Bonds, which coupons
<br />hall be executed by the facsimile signature of the such Director of Finance.
<br /> 8. CUSIP identification numbers may be printed on the Bonds, but neither the failure to
<br /> rint any such number on any Bond nor any error or omission with respect thereto shall constitute
<br /> ause for failure or refusal by the successful bidder for the Bonds to accept deliver of and pay
<br /> ~or the Bonds in accordance with the terms of its bid. No such number shall constitute or be deemc
<br /> to be a part of any Bond or a part of the contract evidenced thereby and no liability shall attach
<br /> to the City of any of its officers or agents because of or on account of any such number or any usc
<br /> nade thereof. All expenses in relation to the printing of such numbers on the Bonds shall be paid
<br /> ~y the City; provided, however, that the CUSIP Service Bureau charge for the assignment of such
<br /> ~umbers shall be the responsibility of and shall be paid for by the successful bidder for the Bonds
<br /> A copy of the complete final legal opinion with respect to the Bonds, with the name of
<br /> the attorney or attorneys rendering same, together with a certification of the City Clerk, executed
<br /> by a facsimile signature of that officer, to the effect that such copy is a true and correct copy
<br /> of the legal opinion which was dated as of the date of delivery of and payment for the Bonds, may
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<br />be printed on the Bonds.
<br /> 9. The Bonds, the coupons appertaining to the Bonds and the provisions for registration
<br /> zo be endorsed on the Bonds shall be in substantially the following forms, respectively, to-wit:
<br />
<br />(Form of Bond)
<br />
<br />UNITED STATES OF AMERICA
<br />
<br />COMMONWEALTH OF VIRGINIA
<br />
<br />CITY OF PORTSMOUTH
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<br />GENERAL OBLIGATION PUBLIC UTILITY BOND
<br />
<br />~o. %5,000
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<br /> The City of Portsmouth (the "City"), a municipal corporation of the Commonwealth of Vir-
<br />ginia, hereby acknowledges itself indebted for value received and promises to pay to the bearer
<br />hereof, or, if this Bond then be registered as herein provided, to the then registered owner here-
<br /> sS 000) on the First day of December, (subje
<br />of, the principal sum of Five Thousand Dollars (o
<br />to the right of prior redemption hereinafter mentioned) upon the presentation and surrender hereof
<br /> tnd to pay interest on such principal sum from the date hereof at the rate of per centum
<br /> 1
<br /> &) per annum, payable June i, 1983, and semiannually thereafter on Decembe-~and June 1 of
<br /> ~-~ year.
<br /> This Bond may be registered by the holder as to principal only or as to both principal an¢
<br /> interest in accordance with the provisions for such registration endorsed hereon. If this Bond
<br /> shall not then be registered as ~o both principal and interest, the interest hereon payable prior
<br /> to maturity shall be payable at the principal office of Virginia National Bank, in Norfolk, Virgin~
<br /> pr, at the option of the holder of this Bond, at the principal office of The Chase Manahattan Bank
<br /> (National Association), in New York, New York, the paying agents for this Bond, but only upon the
<br /> ~resentation and surrender of the respective coupons annexed hereto representing such interest as
<br />lhe same become due and payable. The interest on this Bond while registered as to both principal
<br />nd interest shall be payable by the City by check or draft mailed to the registered owner at such
<br />wner's address as shown on the books of registry.
<br /> The principal of and premium, if any, and interest on this Bond are payable in such
<br /> coin or currency of the United States of America as at the respective dates of payment is legal
<br /> tender for public and private debts. Such principal and premium are paybale at the.principR1
<br /> office of either of the afresaid paying agents for this Bond.
<br /> This Bond is one of an issue of Bonds aggregating Eight Million Dollars ($8,000,000)
<br /> in principal amount and issued for the purpose of providing funds to pay the cost ofcapital
<br /> improvements, extensions and additions to the revenue-producing water and sewerage system of the
<br /> City under and pursuant to and in full compliance with theConstitution and statutes of the
<br /> Commonwealth of Virginia, including Article VII, Section 10(~)~ (2), of the Constitution
<br /> ~fg.y~iBigltChRpt~!$ of Title 1S.1 of the Code of Virginia, 1950, as amended (the same being
<br /> the Public Finance Act), and the Charter of the City, proceedings of the Council'~of the City
<br /> duly adopted and taken under such Chapter 5 and such Charter, and an election of the qualified
<br /> voters of the City duly held pursuant to such Chapter 5 on November 6, 1979.
<br /> The Bonds of the issue of which this Bond is one maturing on and after December 1, 1993
<br /> are subject to redemption at the option of the City prior to their stated maturities on on
<br /> after December 1, 1992, in whole at any time, or in part from time to time on any interest payment
<br /> date in any order determined by the City (except that if at any time less than all of the Bonds
<br /> of a maturity are called for redemption, the particular Bonds of such maturity to be redeemed
<br /> shall be selected by lot), upon payment of theprincipal amount of the Bonds to be redeemed
<br /> together with the interest accrued thereon to the date fixed for redemption plus a premium of
<br /> one-quarter of one percent (1/4 of 1%) of the principal amount of each Bond to be redeemed
<br /> for each twelve (12) month period of fraction thereof between the date fixed for redemption and
<br /> the stated maturity hereof.
<br /> If this Bond is redeemable, and shall be called for redemption, notice of the
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