Minutes 05/27/1980 - Laserfiche WebLink

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May 27, 1980 IN WITNESS WHEREOF, the City has caused this Bond to be executed by the manual or facsimile signatures of its Mayor and Director of Finanoe and the corporate seal of the City to be impressed or a facsimile thereof imprinted hereon and attested by the manual or facsimile signature of the City Clerk of the City (provided that one of such signatures hereon shall be a manual signature); the coupons pertaining hereto to be executed by the facsimile signature of the said Director of Finance; and this Bond to be dated as of the first day of July, 1980. (SEAL) Attest: Mayor City Clerk Director of Finance (Form of Coupon) No. ~n the first day of , , ualess the Bond hereinafter mefitioned shall ~a~e ~eSh duly called for previous redemption and payment of the redemption price duly made or provided for, the C~y~ of Portsmouth, Virginia, will pay to bearer upon the presentat and surrender hereo~ ~"~mount~Ho~n~reon in such coin or currency of the United States of America as at the date of payment hereof is legal tender for public and private debts, at the principal office of Virginia National Bank, in Norfolk, Virginia, or, at the option of th~ bearer, at the principal office of The Chase Manhattan Bank (National Association), in the City of New York, New.York, being interest then due on its General Obligation Public Utility Bond, dated as of July 1, 1980, and numbered NO. Director of Finance (Form of Provisions for Registration) This Bond may be registered as to principal only in the name of the holder on the books of registry to be kept by the Director of Finance of the City of Portsmouth, Virginia, as Registrar, such registration to be noted by the Registrar in the registration blank below. After such registration, no transfer hereof shall be effective against the Registrar, the City of Portsmouth and the paying agents for this Bond unless made on said books by th~ regis tered owner or attorney duly authorized and similarly noted hereon, but this Bond may be dis- charged from such registration by being transferred to bearer, after which this Bond shall be transferable by delivery, but this Bond may be again registered as before. The registrati of this Bond as ~o principal shall not restrain the negotiability by delivery merely of the coupons pertaining hereto, but the coupons may be surrendered and the interest made payable only to the registered owner, in which event the Registrar shall note in the registration blank below that this bond is registered as to interest as well as to principal. With the consent of the holder and the Registrar, this Bond when converted into a bond registered as t~ both principal and interest may be reconverted into a coupon bond and again converted into a bond registered as to both principal and interest as hereinabove provided, but always at th~ expense of the holder. Upon reconversion of this Bond, when registered as to principal and interest, into a coupon bond, coupons representing the interest to accrue on this Bond to dat~ of maturity shall be attached thereto by the Registrar, and the Registrar shall note in the registration blank below whether this Bond is registered as to principal only or payable to bearer. DATE OF IN WHOSE N~ME REGISTRATION: REGISTERED: MANNER OF REGISTRATION: SIGNATURE OF REGISTRAR: 10. The City Manager of the City is hereby authorized to publish and distribute a notic~ of sale of the Bonds, such publication to be made in The Daily Bond Buyer, a financial newspa] published in the City of New York, New York, and in The Virginian Pilot, a newspaper of gener; circulation in the City, at least once in each such paper, with the ~date of the first publi- cation to be at least seven (7) days'prior to the date of sale of the Bonds. Such notice of sale shall be in substantially the fo'llbwing form: