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May 27. 1980
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<br /> 7. The Bonds shall be executed, for and on behalf of the City, by the manual or facsimi
<br />signatures of the Mayor and Director of Finance of the City, and the corporate seal of the
<br />City shall be impressed or a facsimile thereof xmprlnted on the Bonds and attested by the
<br />manual or facsimile signature of the City Clerk of the City; provided, however, that at
<br />least one of such signatures on the Bonds shall be a manual signature. The Bonds, except
<br />when registered as to both principal and interest, shall have coupons attached thereto
<br />representing the interest on the Bonds, which coupons shall be executed by the facsimile
<br />signature of the said Director of Finance.
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<br /> 8. CUSIP identification numbers may be printed on the Bonds, but neither the failure
<br />to print any such number on any Bond nor any error or omission with respect thereto shall
<br />constitute cause for failure or refusal by the successful bidder for the Bonds to accept
<br />delivery of and pay for the Bonds in accordance with the terms of its bid. No such number
<br />shall constitute or be deemed to be a part of any Bond or a part of the contract evidenced
<br />thereby and no liability shall attach To the City or any of its officers or agents because
<br />of or on account of any such number or any use made thereof. Ail expenses in relation to
<br />the printing of such numbers on the Bonds shall be paid by the City; provided, however,
<br />that the CUSIP Service Bureau charge for the assignment of such numbers shall be the responsi-
<br />bility..~?f and..,shall~, be paid for by the successful bidder for the Bonds.
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<br /> A copy of the complete final legal opinion with respect to the Bonds, with the name
<br />of the attorney or attorneys rendering same, together with a certification of the City
<br />Clerk, executed by a facsimile signature of that officer, to the effect that such copy is
<br />a true and correct copy of the legal opinion which was dated as of the date of delivery of
<br />and payment for the Bonds, may be printed on the Bonds.
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<br /> 9. The Bonds, the coupons pertaining.to the Bonds and the provisions for registration
<br />to be endorsed on the Bonds shall be in substantially the following forms, respectively,
<br />to-wit:
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<br />(Form of Bond)
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<br />UNITED STATES OF AMERICA
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<br />COMMONWEALTH OF VIRGINIA
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<br />CITY OF PORTSMOUTH
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<br />GENERAL OBLIGATION PUBLIC IMPROVEMENT BOND
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<br />No. $5,000
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<br /> The City of Portsmouth (the "City), a municipal corporation of the Commonwealth of
<br />Virginia, hereby acknowledges itself indebted for value received and promises to pay to
<br />the bearer hereof, or, if this Bond then be registered as herein provided, to the then regis-
<br />tered owner he,eons, the principal amount of Five Thousand Dollars ($5,000) on the first
<br />day of'July ' (subject to the right of prior redemption hereinafter mentioned) upon
<br />the presentation and surrender hereof, and to pay interest on said principal sum from the
<br />date h~r~of a~th~ rate of per centum (% ) per annum, payable January 1, 1981,
<br />and semi-annually thereafter on July 1 and January 1 of each year.
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<br /> This Bond may be registered by the holder as to principal only or as to both principal
<br />and interest ~n accordance with the provisions for such registration endorsed hereon. If
<br />this Bond shall not then be zegistered as to both principal and interest, the interest hereon
<br />payable prior to maturity shall be payable at the principal office of Virginia National
<br />Bank, in Norfolk, Virginia, or, at the option of the holder of this Bond, at the principal
<br />office of The Chase Manhattan Bank (National Association", in the City of New York, New York,
<br />the paying agents for this Bond, but only upon the presentation and surrender of the respec-
<br />tive coupons annexed hereto representing such interest as the same become due and payable.
<br />The interest on this Bond while registered as to both principal and interest shall be payable
<br />by the City by check or draft mailed to the registered owner at such owner's address as
<br />shown on the books of registry.
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<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 respectiye dates of payment is
<br />legal tender for public and private debts. Such principal and premmum are payable a~ the
<br />principal office of either of the aforesaid paying agents for this Bond.
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<br /> This Bond is one of an issue of Bonds aggregating Seven Million Dollars ($7,000,000)
<br />in principal amount and issued for the purpose of providing funds to pay the cost of various
<br />public improvement projects of the City under and pursuant to and in full compliance with
<br />the Constitution and statutes of the Commonwealth of Virginia, including Chapter 5 of
<br />Title 1S.1 of the Code of Virginia, 1950, as amended (the same being the Public Finance
<br />Act), and the Charter of the City, and proceedings of the Council of the City duly adopted
<br />and taken under said Chapter 5 and said Charter.
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<br /> The Bonds of the issue of which this Bond is one maturing on and after July 1, 1991,
<br />are su'bject to redemption at the option of the City prior to their stated maturities on or
<br />after July 1, 1990, in whole at any time, or in part from time to time on any interest
<br />payment date zn any order determined by the City (excep~ that if at any time less than all
<br />of the Bonds of a maturity are called for redemFtion, the particular Bonds of such maturity
<br />to be redeemed shall be selected by lot), upon payment of the principal amount of the
<br />Bonds to be redeemed together with the interest accrued thereon to the date fixed for
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