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November 4th, 1959.
<br />
<br />present:
<br />
<br />At a celled meeting of the City Council, held on November 4th, 1959, there were
<br />
<br />B.W. Baker., A.C. Barrier.t,. W.~.-Breedi~v~, R. Irvine Smith, George R. Walker,
<br />E.E., Weiseman, A.~.-Johnson, Jr., City M,a~lag~r, and J..S.. Livesay,Jr., City
<br />Attorney.
<br />
<br />The following calls for the meeting were read:
<br />
<br /> "You are requested to a~tend a called meeting of the C{ty Council, in the Council
<br />Chamber, et 4:00 P.M., on Wednesday, November 4th, 1959, to consider an agreement between the Elizebeth
<br />River Tunnel Co~mission and. the-City of Portsmouth.
<br /> By Order of the President."
<br />
<br /> "You are requested to attend a called meeting of the City Council, in the Council
<br />Chamber, at .4:~5 P.~., on Wednesday, November 4th, 1959, -
<br /> The purpose of this meeting is to consider an anlendment to the recent bond ordinance
<br />&n order to provide an additional and local point of payment.
<br />
<br /> Called at the request of Councilmen
<br /> A.C. Bartlett, Raymond B. Seward and
<br /> H.E. Weisenm~."
<br />
<br /> Motion of Mr. Breedlove that the calls be merged and. that both items be considered
<br />without adjournment, was adopted, without dissenting vote.
<br />
<br />59-292 - The following resolution was read:
<br />
<br />"A RESOLUTION APPROVING~HE PROVISIONS OF A CERTAIN AGREE~LENT BY AND
<br /> BETWEEN THE ELIZABETH RIVER TUNNEL DISTRICT, THE CITY OF PORTSMOUTH,
<br /> .THE COUNTY OF NORFOLK AND THE CITY OF NORFOLK, REk~TING TO THE ACCELERATION
<br /> OF PAYMENT AND DISCHARGE OF CERTAIN OBLIGATIONS OF SAID DISTRICT UNDER
<br /> CERTAIN CONTRACTS EXISTING BETWEEN IT AND SAID CITIES.AND COUNTY; AND
<br /> AUTHORIZING THE EXECUTION, FOR AND ON BEHALF OF THE CITY OF PORTSMOUTH, OF
<br /> SAID AGREEMENT
<br />
<br />Be it Resolved by the Council of the City of:Portsmouth:
<br />
<br /> Section 1 - That the provisxons of a certain agreement by and between the Elizabeth
<br />River Tunnel District, the City of Portsmouth, the County of Norfolk and the City of Norfolk, relating to
<br />the acceleretion of payment and discharge of certain obligetions of said District under certain contracts
<br />existing between it and said Cities and County, copies of which said egreement, and of Exhibit. A therein
<br />mentioned with its eddendnm are attached hereto, are hereby approved; and that the Mayor is hereby eutho-
<br />rized to execute seid first mentioned agreement for en~ on behalf of the City of Portsmouth and the City Clerk
<br />is hereby authorizDd to effix the corporate sea/ of the City of Portsmouth thereto and to attest the same.
<br />
<br /> Section 2 - That upon the execution of the. eforeseid agreement,theLCity.Clerk-ahall
<br />file copies thereof with the records of his office."
<br />
<br />On motion of Mr Smith, the resolution was adopted, and by the followin~ vote:
<br />
<br />Ayes: Beker, Bartlett, Breedlove, Smith, Walker, Weiseman
<br />Nays: None
<br />
<br />59-293 - The following ordinance was read:
<br />
<br />"AN ORDINANCE PROVIDING THAT THE BANK OF VIRGINIA, PORTSMOUTH, VIRGINIA,
<br />SHALL BE AN kDDITIONAL PAYING AGENT FO~ THE ISSUE OF SIX MILLION EIGHT
<br />HUNDRED THOUSAND DOL~&RS OF GENERAL OBLIGATION BONDS AUTHORIZED BY AN
<br />ORDINANCE ~DOPTED ON OCTOBER 13th, 1959"
<br />
<br />_Mr. Bartlett moved the adoption of the ordinance.
<br />
<br />On motion of Mr. Bartlett, the rules were suspended, to hear from interested persons.
<br />
<br />The following spoke:
<br />
<br />Frank D. Lawrence~representing the American National Bank
<br />Maywood O. Lawrence, representing Citizens Trust Company
<br />
<br /> Because of the opposition expressed by Messrs.Frank D.Lawrence and Maywood O.Lawrence,
<br />end the se9ming objection of some members of the Council, Mr. B arttett requested the privilege of withdrawing
<br />his motion, with the consent of his second, which p~ivil~ge was granted.
<br />
<br />On motion adj~uFn~d,
<br />
<br />.Approved -
<br />
<br />
<br />
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