Laserfiche WebLink
AN ORDINANCE &PPROPRIATLNG THE SUN OF $1,200~000.00 TO <br />COVER THE COST OF PROVIDING A ~ INCINERATOR, AUTH(R- <br />IZING AN ISSUE OF B~NDS THEREFOR, AND REVOKING PRIOR <br />APPROPRIATIONS THEREFOR IN THE TOTAL SU~ OF $1,191,500.00. <br /> <br />Be it ordained by the Council of the City of Portsmouth, Virginia: <br /> <br /> Section 1o That the sum of $1,200,000.00 is hereby appropriated <br />to cover the cost of providing a new incinerator. <br /> <br /> Section 2. That in order to provide for said permanent public im- <br />provement, bonds of the City of Portsmouth in The aggregate principal sum of <br />$1,200,000.00 are hereby authorized to be ~ssued, to be dated as of the date <br />of their actual issue, to bear interest at a rate not to exceed six (6) per <br />centum per annum and to he payable in twenty (20) annual installments, begin- <br />nlng with the first anniversary of the date of said bonds. <br /> <br /> Section 3~ That appropriations heretofore made in the total sum of <br />$t,191,500.00 made on ~ay 23, 1961, September 12, 1961, and October l0t 1961, <br />from the General Capital Improvement Fund for the purpose of providing said <br />incinerator be and the same are hereby revoked~ <br /> <br /> Section 4. That this ordinance bein~ necessary for the preserva- <br />tion oX the public health, morals, and safety, an emergency is declared to <br />exist and it shall take effect from its passage, <br /> <br /> Adopted by the Council of the City of Portsmouth. Virginia, at a <br />meeting held on February 13, 1962. <br /> <br />Teste: <br /> <br />City Clerk° <br /> <br /> <br />