1965 Ordinances - Laserfiche WebLink

Home Browse Search

AN 0RD!~NANGE TO Au~,~Ok~ZE n,~. ~SSUANC~ OF ONE ~ILLION FIVE ......... ~" ' ~ SAN~ ~ATION HUNDRED THOUSAND DOL~A:~ Or .~ONDS T0 BE K~OWN ~'~ 8ONDS FOR ~IE PU~OSE OF bt&KING I~ROVE~N~, E~ENStONS AND -ADDITIONS TO ~E SEWAGE DISPOSAL SYSTEM OF ~E CI~, PO~U~T TO SECTION 127, CLAUSE (B); OF ~IE GONSTIT~ION OF VIRGINIA, ~D ~APTER 5 OF TITLE 15.1' ~ THE CODE~ OF VIRGINIA, 19S0. WHERE., ~h~ City of Portsmouth is authorized %o ~ii~h or enlarge a sewag~ disposal system, and under an~ .by v~r~ue o~ oha~te~ the Code of Virginia, 19S0, the Co~ci~f?f any City im ~isj~at~..whi~ is authorized to acquire, maintain or est~.iish a wa~r works s~sZem~ sewage dis- oosal system~ or other specific ~ndert.a]~ing from w~i~h the City ~y derive a ~evenue, may in accordance with Sectic~ One Hundred and ~en~y-se~en, clause (b) of the Constitution of~Virginia~ issu~ so many bonds as may b~ necessa~ quire, maintain or establish such water works system~ sewage ~isposat system, or other specific ~dertaking; and WHE~, it is necessary an~ ~xpedlent to ~aKe cem~a~n i~rovements~ c~sposal systemoY~=h~ City of Portsmouth extensions and additions to the sewage ~_ and to borrow for that pu~ose the sum i~z One ~liior~ FiYe F{dn~red ~ousand Dollars and to issue bonds therefor; . W~dEREAS, Section One Hundrea and Twenty-seven, clause(b), of the Consti- tution 'of Virginia, requires'Ehe ordin~:~ce authorizing the i~suance ~f such bonds to be approved by the affirmative vote~of the majority of th~ qualified voters of the City voting upon the question of z~Lir issuance, at the general election next · ' ' held for that succeeding the enactment of the ordlnznce, or at a speclal elect~on purpose; now therefore; BE IT ORDAINED by t,,~ Councii of the City of P~rts~nouth, Section ] (a) Pursuan~ to Section One Hundred and ~enty (b), of the Constitution of Virginia, aT~d Chapter 5 of Title~I5.i Virginia~ 1950, in order to make certain improvements~ ext~npiO~ a to tho sewage disposal syste~ of the City~ the City of Portsmouth s sum of One Million Five Hundred Thousand Dollars and there shall b~ name of and on behalf of the~City of Portsmouth, Virginia, One MillA Hundred Thousand Dollars of kegistered or coupon bonds in the denomi Five Thousand Dollars each, ~nd the proceeds arising from th~ sale or an~) of'them shall be appel'ed td the payment of the costs Of maki ments, extensions and additions rd,the, sewage disposal system of'th to no other purpose. firginia, that: ~ven, clause the Code of ~ additions mii borrow the issued in the mn Five aation of said bonds improve~ City, and