Minutes 03/11/1969 - Laserfiche WebLink

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March 11~ 1969 (FO~,~ OF REGISTRATION) I hereby certify that at the request of the holder of the within bond for its conversion into a bond registered as to both principal and interest, I have ~his date cut off and destroyed coupons attached hereto numbered from __ to , inclusive, of the mmount of each, amounting in aggregate to Dollars [$ ), and that the within bond is here- by converted into a registered bond with the principal and semiannual interest thereof payable to , assignee, or legal representative. Dated at Portsmouth, Virginia, this Ray of 19 ~ DATE OF REGISTPJtTION N;4~. OF REGISTERED HOLDER City Auditor P~GISTERED BY Section 2. Full power and authority is hereby given the City Manager of the City of Portsmouth to pre- pare and issue the said bonds in such form and for such sum as authorized by the preceding section. The said City Manager is authorized to cause to be orinted on the back of each of said bonds a copy of the complete final legal opinion with resoect to said bonds, with the name of the attorney or attorneys.rendering same, together with a certification of the City Clerk, evidenced by the facsimile signature of that officer, to the effect that the copy is a true and correct copy of the legal opinion which was dated as of the date of de~ livery and payment Of the bonds. Full power and authority is hereby given the said City Manager to make sale of the said bonds, and in such manner, at such time m~d place as the said City Manager may determine; pro- vided, however, that the same shall not be sold upon a bisis which will cost the City of Portsmouth interest at the rate of mare than six per centum per annum, and that no gale shall be made without the approval of the City Council. T~e said bonds shallbe subject to no taxation by the City of Portsmouth, and the said ~oupons shall be received in payment of all dues, taxes, and assessments due to the said City. Section 3. There is hereby directed to be annually levied and Collected a tax upon all taxable property within the City, sufficient to pay principal and interest on said bonds as same respectively mature." 69-78 - "I submit the attached easement agreement between the Virginia Electric and Power Company m~d the City of Portsmouth and recommend that the proper City officials be authorized to sign. This covers a vault easement to be located in the basement of the Civic Center property for electrical service to the new Civic Center." ~ On motion of Mr. Bastes, the Droner city officials were authorized to sign the easement, without dissent- ing vote. 69-79 - "I s~omit t~e attached agreement between the Seaboard Coast Line Railroad Company and the C~ty of Portsmouth and recommend that the proper City officials be authorized to sign. This agreement pertains to the installation of two water lines beneath the railroad tracks of the Seaboard Coast Line right-of-way, The two installations are located at Cedar Lane where the. railroad crosses and where the Seaboard Coast Line tracks cross the Norfolk, Franklin and Danville Railway tracks. Both of these locations are in the ~lurchlm~d area and this construction is bein~ done in conjunction with the water imorove~nents being made in the Western On motion of Mr. King, the proper city officials were authorized to sign the agreement, without diss~ntin vote. - UNFINISHED BUSINESS - 69-19 - Motion of Mr. gastes to defer the election of m~mbers to the Citizens Advisory Committee, pending decision on the selection of the members. 69-19 - Motion of Mr. Turner to go into the election of members to the Portsmouth Bond Commission.was adopted, Mr. Bastes nominated RoBert M. Reed and Vincent T. Cherry to succeed themselves as members of ~he Bond Commission for terms of three years, expiring March 1, 1952. On mo=ion of ~lr. Johnson, nominations were closed. Vote being taken, Mr. Reed a~d Mr. Cherry were elected members of the Portsmouth Bond Commission, for the terms specified, without dissenting vote. 69-19 - Motion of ~r. Johnson to go into the election of a. member to the Board of Electrical Examiners was ado~ted. Mr. Johnson nominated Sherman Askew to succeed himself on the Board for a term of four years, expiring March I, 1973.