Minutes 10/13/1953 - Laserfiche WebLink

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Bank Balances 6/30/53 American National Bank (Open Account) American National Bank (Int. Account) Bank of Virginia (Int Acoount) Citizens Trust Co. (Int. Account) Mer.& Far. Bank (Int. Account) Bonds On hand 12/31/52 Natured- On Hand 6/30/53 Assets - Cash Bonds 264,357.86 591,500.00 855,857.86 76.002.32 57,550.26 17,326.43 56,334.82 5~,144.03 264,357.86 692,500.00 101,000.00 591~500.00 Bonds due 1/1/54 Bonds 'due 9/1 '54 Bonds 'to be cancelled Legal Reserve necessary 200,000.00 345,500.00 102,000.00 647,500.00 98],000.00 Assets 6/30/ Necessary to hold as above Estimated Receipts to 1/1/54 855,857.85 647,500.00 218,357.85 63,000.00 281,357.85 Available 1/1 t54 281,000.00 City of Portsmouth directed to refund Capi~el, Riahmond, Beso~lution Necessary to refund 700,000.00." 5th - "I submit the attached letter from L. E. Turlington, Commissioner of Revenue, for the and comments thereon by A.E. Parker, City Collector a~d recommend that the City Auditor be to Windell Draper the sum of $5.00 for taxes paid in error." Motion of ~r. Warren that the)refund of $5.00 be granted ~r. Draper, was adopted. 6th - '"1 submit the attached memorandum from the office of~ Civil Defense, Room 20, the Virginia, and recommend that the attached resolution be adopted." WKEREAS, the existing possibility'~f the occurrence of 1 disasters from enemy attack or natural causes, it appears advisable that this City enter into a mutual Aid Agreement with the Commonwealth of Virginia: therefore be it RESOLVED. thai this body in session on October 13th: 1953 authorizes the City Nanager, I.G. Vass. to sign the agreement attached hereto; RESOLVED. further that this resolution be spread on the minutes of this meet ing." ' Motion of Mr. Wilson that the resolution be adopted and that the City Marker be authorized to sign.same, was adopted 7th - "I submit herewith a revocable permit covering the installation of a traffic control street light at the i~tersection of Route I41 at Gate No.18 at the Naval Shipyard and recommend that the City Manager be authorized and directed to execute the same for and on behalf of the City of Portsmouth and that th~ity Clerk be authorized and directed to attest the same and affix the City Seal thereto." Motion of Mr. Lawrence that the proper official be authorized to sign same ~s adopted. 8th - "I submit the attached notice of application for an increase in the rates charged by the Virginia Electric ~ Power Company. This is for your consideration." Motion of Mr. Howard that the City M~nager contact the League of Virginia Municipalities ~in - quiring if a concerted effort will be made by the cities of Virginia to oppose the increase in rates proposed by the Virginia Electric & Power Company, and ~o report back at the next regular meetin~.0~the Conncil, was adopted. 9th - "I submit the attached letter from the Portsmouth Retail Merchants Association request- ing permission to install pre-Christmas and New Year holiday decorative lighting on certain city streets and request. ing the City to assume the expense of electric energy used during the period of the lights being up which is f~m November 27th to January 2. 1954. -The Association is to furnish the City an ~nsurance policy covering property damage and bodily injury insurance in favor of the City. I reco~end that their request be granted and that the City as- sume the payment of the electric energy." Motion of ~r. Lawrence ~o concur in the recommendation of the City Manager, was adopted. 10th - "I submit the attached letter from Stephen A. Sullivan, President of the Catholic Club of Portsmouth, and recommend that the contents of the letter be spread upon the minutes of the Council in order that a permanent record may be made of an agreement the City has with the Catholic Club concernin~ a permit to use a small portion of the club's property lying between their souRhern boundary line (of their building) and the property of the City"