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May 27, 1980
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<br />redemption plus a premium of one-quarter of one percent (1/4 of 1%) of the principal
<br />amount of each Bond to be redeemed for each twelve (12) month period or fraction thereof
<br />between the date fixed for redemp~tion and the stated maturity hereof.
<br />
<br /> If this Bond is redeemable and shall be called for redemption, notice of the redemption
<br />hereof, specifying the date, number and maturity of this Bond, the date and place fixed
<br />for its redemption and the premium, if any, payable upon such redemption shall be given by
<br />the City by publication of such notice once in a newspaper printed in the English language
<br />and customarily published on each business day and of general circulation in the City, and
<br />once in at least one newspaper or financial publication printed in the English language
<br />and customarily published on each business day in the City of New York, New York, the date
<br />of p'ublication of such notice in each case to be at least thirty days prior to the date
<br />fixmd for redemption. If .t.his Bond is then registered as to principal only or as to both
<br />principal and interest, notice of the redemption hereof shall be mailed not less than thirty
<br />days prior to the date fixed for redemption by registered mail to the registered owner of
<br />this Bond at' such owner's address as shown on the books of registry; provided, however,
<br />that if.this Bond shall then be registered and notice of redemption is mailed as aforesaid,
<br />then notice of the redemption hereof need not be given by publication, and if notice of
<br />redemption is given by publication as aforesaid, then if this Bond shall then be registered
<br />the failure to mail such notice as aforesaid or any defect in any notice so maileJ shall
<br />not affect the sufficiency of the proceedings for the redemption hereof. If notice of the
<br />redemption of this Bond shall have been given as aforesaid, and payment of the principal
<br />amount of this Bond and of the accrued interest and premium, if any, payable upon such redemp-
<br />tion shall have been duly made or provided for, interest hereon shall cease from and after
<br />the date so specified for redemption hereof and any coupons representing such interest
<br />sh~ll be void.
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<br /> It is hereby certified, recited and declared that all acts, conditions and things
<br />required to exisT, happen or be performed precedent to and in the issuance of this Bond
<br />exist, have happened and have been performed in due time, form and manner as required by
<br />law, and that. the amount of this Bond, together with all other indebtedness of the City,
<br />does not exceed any limitation of indebtedness prescribed by the Constitution or statutes
<br />of the Commonwealth of Virginia or the Charter of the City. The full faith and credit of
<br />the City are hereby irrevocably pledged to the payment of the principal of and interest on
<br />this Bond as the same become due. The principal hereof and interest hereon sh~ll be
<br />payable from ad valorem taxes without limitation of rate or amount upon all property within
<br />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
<br />facsimile signatures of its Mayor and Director of Finance and the corporate seal of the
<br />City to be impressed or a facsimile thereof imprinted hereon and attested by the manual or
<br />facsimile signature of the City Clerk of the City (provided that one of such signatures
<br />hereon shall be a manual signature); the coupons pertaining hereto to be executed by the
<br />facsimile signature of the said Director of Finance; and this Bond to be dated as of the
<br />first day of July, 1980.
<br />
<br />(SEAL)
<br />
<br />Attest:
<br />
<br />Mayor
<br />
<br />C~ty Clerk Director of Finance
<br />
<br />No.
<br />
<br />(Form of CouFon)
<br />
<br /> On the first day of unless the Bond hereinafter mentioned
<br />shall have been duly called for previous redemption and payment of the redemption price duly
<br />made or provided for, the City of Portsmouth, Virginia, will pay to bearer upon the presentati
<br />and surrender hereof the amount shown hereon in such coin or currency of the United States
<br />of America as at the date of payment hereof is legal tende~ for the payment of public and
<br />private debts, at the principal office of Virginia National Bank, in Norfolk, Virginia,
<br />or, at the option of the bearer, at the principal office of The Chase Manhattan Bank (National
<br />Association), in the City of New York, New York, being interest th~n due on its General
<br />Obligation Public-Improvement Bond, dated as of July 1, 1980, and numbered
<br />
<br />NO.
<br />
<br /> ~irector 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
<br />books of registry to be kept by the Director of Finance of the City of Portsmouth,
<br />
<br />the
<br />Virginia,
<br />
<br />
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