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February
<br />
<br /> On motion of Mr. Barnes and secanded by
<br />and by the following vote:
<br />
<br />"A RESOLUTION AUTHORIZING THE EXECUTION
<br />OBLIGATION BONDS IN THE AMOUNT OF $S0,0
<br />
<br /> WHEREAS, the Chase Manhattan Bank has s
<br />of the City of Portsmouth, Virginia, stating
<br />Bonds Nos. 415 through 422 due May 1, 1982 i:
<br />($50,OOO.) Dollars, bearing interest at 5.20
<br />
<br /> WHEREAS, the Chase Manhattan Bank has a,
<br />Portsmouth that said bonds are lost and cann,
<br />
<br /> WHEREAS, the Chase Manhattan Bank has
<br />in lieu of and in substitution for the lost
<br />and
<br />
<br /> WHEREAS, the Chase Manhattan Bank has f
<br />of Portsmouth with an Indemnity Bond in the
<br />Dollars; and
<br />
<br /> WHEREAS, the Chase Manhattan Bank has f
<br />of Finance of the City of Portsmouth that it
<br />bpmd is lost, that the Indemnity Bond is sufJ
<br />
<br /> BE IT RESOLVED by the Council of the Cil
<br />approval of the State Commission on Local Del
<br />duplicate General Obligation Bonds of the Cil
<br />May 1, 1982 in the face amount of Fifty Thou~
<br />at 3.20 percent to replace the General Obliga
<br />and there shall be further typed in an approt
<br />the word "DUPLICATE" as evidence that said bc
<br />
<br /> BE IT FURTHER RESOLVED that after the p~
<br />of its issuance by the State Commission on Lc
<br />of Portsmouth will hereby authorize to delivc
<br />Bank."
<br />
<br />Ayes: Barnes, Early, Elliott
<br />Nays: None
<br />
<br />1978
<br />
<br />Mr. Early, the following resolution was adopted,
<br />
<br />AND DELIVERY OF DUPLICATE GENERAL
<br />)0. TO REPLACE LOST BONDS.
<br />
<br />~bmitted an Affidavit to the Director of Finance
<br />that it is the Fiscal Agent of General Obligatio]
<br />the face amount of Fifty Thousand and OO/1OO
<br />)ercent; and
<br />
<br />[vised the Director of Finance of the City of
<br />,t be accounted for;'~and
<br />
<br />~quested that duplicate bpmds be issued to it
<br />,onds so that it may present the same for payment;
<br />
<br />~rnished the Director of Finance of the City
<br />mount of Fifty Thousand and 00/100 [$50,0OO.)
<br />
<br />.rnished evidence satisfactory to the Director
<br />is the Fiscal Agent of the said bond, that said
<br />lcient.
<br />
<br />~ of Portsmouth, Virginia, that subject to the
<br />t, that it is hereby authorized to be prepared
<br />y of Portsmouth Nos. 413 through 422 due
<br />and and O0/100 [$50,000.) Dollars, bearing inter
<br />tion Bonds lost by the ChaSe Manhattan Bank,
<br />riate place on said General Obligation Bonds
<br />nds are a duplicate of the lost bonds.
<br />
<br />eparation of the duplicate bonds and approval
<br />cai Debt, the Director of Finance of the City
<br /> said duplicate bonds to the Chase Manhattan
<br />
<br />Oast, Davis
<br />
<br /> 78-54 - "Consideration of a resolution signating thqCity Manager and the Director
<br />of Finance as: those persons authorized for access to the City's Safe;'Deposit Box.
<br />
<br /> The rules and regulations~ the~bank require~an executed A~thorization for Access
<br />to be filed designating those persons who may from time-to-time require access to the Safe
<br />Deposit Box. This resolution authorizes the City Manager and the Director of Finance as
<br />those persons eligible for access totthe Safe Deposit Box. The City Manager ~ecommends
<br />adoption."
<br />
<br /> On motion of Mr. Barnes and seconded by Mr. Elliott, the following resolution was
<br />adopted, and by the following vote:
<br />
<br />"A RESOLUTION DESIGNATING THE CITY MANAGER AND THE DIRECTOR OF FINANCE OF
<br />THE CITY OF PORTSMOUTH AS THOSE PERSONS AUTHORIZED TO HAVE ACCESS TO THE
<br />CITY'S SAFETY DEPOSIT BOXES.
<br />
<br /> BE IT RESOLVED by the Council of the City of Portsmouth, Virginia, that the City Manager
<br />and the Director of Finance of the City of Portsmouth are those persons authorized to have
<br />access to the City of Portsmouth's safety deposit boxes."
<br />
<br />Ayes: Barnes, Early, Elliott, Oast, DAvis
<br />Nays: None
<br />
<br /> 78-5S - "Consideration of a resolution appointing viewers for the closing of a portion
<br />of Industrial Avenue and Brighton Street.
<br />
<br /> The City has made application to close a portion of the above named streets. Pursuant
<br />to State Code this resolution will appoiRt viewers to make a report back to City Council.
<br />The City Manager recommends adoption."
<br />
<br /> On motion of Mr. Barnes and seconded by Mr. Elliott, the following resolution was adopte
<br />and by the following vote:
<br />
<br />"A RESOLUTION APPOINTING VIEWERS FOR CLOSING THE FOLLOWING sTREETS: PARCEL I
<br />A PORTION OF INDUSTRIAL AVENUE, PARCEL II - A PORTION OF BRIGHTON STREET.
<br />
<br /> WHEREAS, the City of Portsmouth has made application to vacate, close and discontinue
<br />Parcel I and II, the hereinafter described portions of certain streets, and it appearing
<br />that Notice of Application and request for the Appointment of Viewers was duly posted JanuaryI
<br />18, 1978 on the bulletin board of the City Hall Building of the City of Portsmouth, the
<br />bulletin board of the GenerZl District Court, Civil Division, of the City of Portsmouth
<br />and the bulletin board of the Circuit Court of the City of Portsmouth.
<br />
<br />
<br />
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