Minutes 03/10/1959 - Laserfiche WebLink

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March 10th. 1959. I recommend that we send City personnel to Norfolk ~o study and observe Norfolk's operation in reversing the flow of traffic on City streets in that City." adopted. Motion of Mr. Breedlove to suspend the rules to hear from interested persons, was The following spoke: C.M.Davenpor~ James ~¥illey Von L Piersall W H King Walter Tiffany (for C~ffee's Bakery) Marian E. Tuttle G.L. Cox Motion of Mr. Bartlett to concur in the recommendation of the City Manager, was adopted without dissenting vote. 59-64 - "The Portsmouth Industrial Commission has requested permission ro re-allocate a portion of the funds appropriated by the City for Kndustrial Advertisement. They are requesting the use of the $700.00 budgeted for the National Indus - trial Development Exposition in New York to be used in advertisement in the Ledger-Star. The Ledger-Star is o plarining to publish an 8 ~o 12 page section of Industrial appreciation about March 20th, 1959, at the request f the Portsmouth Industrial Commission. I recommend that this re-allocation of fun~s be approved." Motion of Mr. Weisemau to concur in the recommendation of the City Manager was adopted, without dissenting vote. 59-65 - "I am submitting the following resolution and reconmlend its adoption. This resolution is mn opposition to a Bill inIroduced in Congress. The Bill HR 5096 would for the first time place a federal tax on the interesz from bonds issued by local public housing agencies. This would increase the amount of interest that would have ro be paid for housing bonds; thereby creating greater federal sbusidy in the future to keep rents low in public housing for low income families. In previous attempts by Congress to tax local bonds, exper~ testimony esti - mated that federal taxation of municipal securities would increase the cost of municipal borrowing by higher interest rates of one ro one and one-fourth per cen~ per annum. The basic reason for opposing this Bill is that it would establish a most dangerous precedent of allowing the federal government ~o control local governmen~ through the power to tax. Motion of Mr. Breedlove to table was lost. On motion of Mr. Smith, the following resolution was adopted, and by the following vote: "WHEREAS, it has been proposed in the Congress of the United States that municipal housing authority bonds be subjected to taxation by the federal government, and WHEREAS, if adopted, this proposal would be the beginning of s movemen~ to subject all municipal and s~ate securities ~o federal taxation, thereby greatly hampering the undertaking and accomplishment of local projects and purposes, con~ra To consti- tutional principles and the announced desire of the federal government To promote greater local responsibil±ty and participation in publi~ works, NOW, I~IEEEFORE, Be it Resolved hy the Council of the City of Portsmouth, Virginia, tha~ taX~tio~ by the federal government of any type of municipal or state security would constitute an unwarranted and unconstitntional impedimen~ ~o accomplishment of the purposes of local government; that any proposal in the Congress ~o subject municipal or state securities to federal taxation should be opposed vigorously; and that a certified copy of these resolutions be sent by the City Clerk To the Congress- man and Senators representing the people of this City in the Cor%gress." Ayes: Baker, Bartlett~ Breedlove~ Seward, Sm~th,Weiseman Nays: W~lker 59-66 - "The City-o~wned proper~y at 528 Queen St. was auctioned on March 9th, 1959. There was only one bid in the amonn~ of $15,000.00. I recommend that we do not accept this bid. Motion of Mr. Smith ~o suspend the rules To hear from interested persons, was adopted. Mr. J. J. Kirchmier spoke. dissenting yore. Motion of Mir. Smith To table until the nex~ meeting of the Council was adopted, without 59-67 - "The following resolution was presented by the City Manager: "RESOLVED that the per diem compensation to be paid the three mergoers of the Board of Equalization To be appointed by the Court of Hustings in colmection with the quadrennial assessmen~ recently completed shall be $40.00 per man per eight hour day, for a period not to exceed Ten days, unless prior~authorizatipn therefor shall have been given by the Council." On motion of Mr. Weiseman, said resolution was adopted, without dissenting vo~e. 59-68 - "The following 'notice' was read by' the City Manager: "The Penms~lvania Railroad Company has applied to the State Corporatinn Commission of Virginia for authority To transfer its Portsmouth operation To Norfolk, and to consolidate its Portsmouth and Norfolk agencies and to perform ail agency functions at Norfolk,Va.