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Minutes 11/09/1982
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Minutes 11/09/1982
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City Council
City Council - Type
Adopted Minutes
City Council - Date
11/9/1982
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193 <br /> <br />November 9, 1982 <br /> <br />The principal hereof and interest hereon shall be payable from ad valorem taxes without limita- <br />tion of ~t~ or. amount upon all property within the City subject to taxation by the City. <br /> <br /> IN WITNESS WHEREOF, the City has caused this Bond to be executed by the manual or facsimil <br />signatures of its Mayor and Director of Finance and the corporate seal of the City to be im- <br />pressed or a facsimile thereof imprinted hereon and attested, by the manual or facsimile signa- <br />ture of the City Clerk of the City (provided that one of such signatures hereon shall be a <br />manual signature); the coupons appertaining hereto to be executed by the facsimile signature <br />the Director of Finance of the City; and this Bond to be dated as of the first day of December <br />1982. <br /> <br />(SEAL] <br /> <br />Attest: <br /> <br />Mayor <br /> <br />City Clerk <br /> <br />Director of Finance <br /> <br />No. <br /> <br /> On the first day of <br />been duly called for previous redemption and'payment of the redemption price duly mad <br />provided for, the City of Portsmouth, Virginia, will pay to bearer upon the presentat <br />surrender, hereof the amount shown hereon ~n such coin or currency of the United State <br />America as at the date of payment hereof is legal tender for the payment of public an <br />debts, at the principal office of Virginia National Bank, in Norfolk, Virginia, or, a <br />option of the bearer, at the principal office of The Chase Manhattan Bank (National A <br />mn the City of New York, New York, being interest then due on its General Obligation <br />Improvement Bond, dated as of December 1, 1982, and numbered No. <br /> <br />unless the Bond hereinafter mentioned shall have <br /> <br />ion and <br /> of <br /> private <br /> the <br /> sociatio] <br />:ublic <br /> <br />Director of Finance <br /> <br />(Form of Provisions for Registration) <br /> <br /> This Bond may be registered as to principal only in the name of the holder on the books o <br />registry to be kept by the Director of Finance of the City of Portsmouth, Virginia, as Registr~ <br />such registration to be noted by the Registrar in the registration blank below. After such <br />registration, no transfer hereof shall be effective against the Registrar, the City of Ports- <br />mouth or the paying agents for this Bond unless made on such books by the registered owner or <br />attorney duly authorized and similarly noted hereon, but this Bond may be discharged from such <br />registration by being transferred to bearer, after which this Bond shall be transferable by <br />delivery;'~u{ this Bond may be again registered as before. The registration of this Bond as t( <br />principal shall not restrain the negotiability by delivery merely of the coupons appertaining <br />hereto, but the coupons may be surrendered and th~ interest made payable only to the registerec <br />owner, in which event the Registrar shall note in the registration blank below that this Bond <br />is registered as to interest as well as to principal. With the consen~ of the holder and the <br />Registrar, this Bond when converted into a bond registered as to both principal and i~terest <br />may be reconverted into a coupon bond and again converted into a bond registered as to both <br />principal and interest as hereinabove provided, but always at the expense of the holder. Upon <br />reconversi6~ 6~f 't~is Bond, when registered as to principal and interest, into a coupon bond, <br />~oupons representing the interest to accrue on this Bond to date of maturity shall be attached <br />hereto by ~he Registrar, and the Registrar shall note in the registration blank below whether <br />this Bond is registered as to principal only or payable to bearer. <br /> <br />DATE OF IN WHOSE N~4E MANNER OF i-.F~ :.~ <br />REGISTRATION: REGISTERED: REGISTRATION: <br /> <br />SIGNATURE OF <br />REGOS ~ ?~R: <br /> <br /> ~10. _The City Manager of the City is hereby authorized to 'p6bll]~h-~:~lr{'bu~ a notice <br />sale o± the Bonds, such publication to be made in The Bond Buyer, a financial newspaper pub- <br />lished in the City of New York, New York, and in The Virginian Pilot, a newspaper of genera] <br />circulation in the City, at least once in each such paper, with the d~te of the first pub- <br />lication to be at least seven (7) days prior to the date of sale of the Bonds. Such notice <br />shall be substantially the following form: <br /> <br /> "NOTICE OF SALE <br /> <br /> CITY OF PORTSMOUTH, VIRGINIA <br /> <br /> ~30,OO0,OOO GENERAl OBLIGATION BONDS <br /> <br /> <br />
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