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~rch 29t~k. 1949.
<br />
<br />At a~ regu. lar meeting of the City Council, held March 29th, 1949, there
<br />
<br />Leslie T. Fox, Frsnk N. Bil~soiy, Fred Ac Duke, George L.Grimes,
<br />Arthu~ P. Eenderson~ James 4. Howard, E. Robie Sturtevant, C.E.
<br />Ws~ren, H. Earl Weiseman, P~aa~l~ ~. Wilson, W. Guy Ancell, City
<br />Manager and R. C. Barclay, City ~ttorne~.
<br />
<br /> Minutes of regular meeting held on March 8th and special meeting of
<br />March 25th were read and approved.
<br />
<br />following cozm~aunication from the City ~anager was read:
<br />
<br /> 1st - "After due advertisement~in the YBond Bnyer~, the,Portsmouth
<br />Star' and by mailed notices, bids were opened today at noon for the sale of ~250,000.00 of
<br />Ferry Bonds, to be dated April 1st, 19~9~ Tb~e follo¥~ng bids were received:
<br /> Miller and Patterson,Richmond, Va~ ~ 253,950.00
<br /> C.F. Cassetl & Company, Charlottesville, Va. 251,665.00
<br /> Scott, Homer & Mason, Lynchburg, Va. 256,427.77
<br /> Investment Corporatio~ of Norfolk 256,040o00
<br /> ~ason, Hagan, inc., Rigb~mond, Va. 255,~40,00
<br /> The highest bid was submitted by Scott, Homer & ~ason, Inc.~
<br />and is set forth as follows:
<br /> 'We wish to sdbmit our bid of Two H~mdred Fifty Six Thousand
<br /> Fsur_Hundred Twenty Seven~a~d77/100 Dollars ($256,4~7.77)
<br /> for ~250,000. Portsmouth, Vzrgini~ 2~% Ferry Bonds amvertised
<br /> in your official novice of sale, all the terms and conditions
<br /> of vfnich we hereby agree to comply with and which notice of
<br /> sale is hereby ~d~ part of this bid;
<br /> It is understood that the Cityv_ill furbish at their own cost
<br /> the approving legal opinion of messrs. ~ood, King andDawson,
<br /> New York, N.Y., and will pay the cost of printing of the bonds.
<br /> As required in the notice o f sale, inclosed please find ou~
<br /> certified check for ~5,000;00 as evidence of good faith.
<br /> Yours very sincerely,
<br /> Scott,Homer & Mason, Inc.,
<br /> Robert H. Brooke, Jr.'
<br /> I recommend that the high bid.of Scott, Homer & ~ason, Inc.,
<br />in the sum of $256,427,79, be accepted and that the bonds be sold to t hem."
<br />
<br />by the followir~g ~ ·
<br />
<br />On motion of ~r. Henderson, the following resolutKon was adopted, and
<br />
<br />"Be it Resolved by the Council o f ~ae City o f
<br />Portsmouth, Virginia, that the recommendation
<br />of the- City DIanager to accept the highest bid,
<br />of $256,427,77, made by Scott, Homer and Mason,
<br />incorporated, for the purcha se of ~250,000.00
<br />Ferry Bonds, be approved, and that the said bonds
<br />be numbered from i to 250 inclusive, s_nd dated
<br />~pril let, 194G, and that the same be delivered
<br />to the purchaser upon receipt of the amount of its
<br />bid."
<br />
<br />Ayes:
<br />
<br />Nays:
<br />
<br />Fox, Biiisoly, Duke, Grimes, Henderson, Howard,
<br />Sturtevant, Warren, Weiseman, ~i!son
<br />None
<br />
<br />ful bidders, on the issue
<br />was taken up:
<br />
<br />Motion of Mr. Henderson that the certified check from the unsuccess-
<br />of ~2~0,000.00 Ferry Bonds, be~returned, was adopted.
<br />
<br />The following ordinance, placed on -~s first reading on March 8th,
<br />
<br />"A!W ORDINANCE I~IPOSING AND LEVYIi~G LICENSE TAXES FOR TIRE,
<br />~R BEGINNING Y~J~Y 1st, 1949 AND ~DING APRIL 3O~If, 1950,
<br />AND ALSO FOR EACH ElrD EVERY Y-EAR THEREAFTER BEGINNING WITM
<br />~V~¥ lst OF w_ACH SUCH YFAR AND Ehq)ING ~ITH APRIL 30th F 0LLOW-
<br />iNG UNTIL OTHERWISE CHANGED, FOR THE SUPPORT OF THE CITT
<br />G0~ER2~T, Th~ PA-f~NT OF INTEREST 0N THE CiTY DEBT, AND
<br />FOR OTHER ~,-~/NICiPAL PURPOSES, PROVIDING FOR THE COLLECTION
<br />SAID LiC~-~'YSE TA~XES, A~ PROViDiNG PEi~ALTIES."
<br />
<br />the following vote:
<br />
<br />On mot_on of i~r. Duke, the ordinance, as amended,was adopted and by
<br />
<br />Nay s:
<br />
<br />Fox, Biliso!y, Duke, Grimes, Henderson, Howard,
<br />Sturtevant, Wkrren, Weisem~a, Wilson
<br />None
<br />
<br />taken up:
<br />
<br />The following ordinance, placed on its first reading on ~:arc~ 8th,wa~
<br />
<br />~AN ORDiNA~NCE TO P ROViDE FOR THE LEVY OF A TAX ON PERSONS PUR-
<br />C~SING CERTAIN UTiLiTY SERVICES, DEFINING CERTAIN TEPeeS, FIX-
<br />ING ~a~E AMOUNT OF TAX, PROVIDING FOR THE COLLECTION THEREOF,
<br />AND PRESCRIBING PENALTIES FOR VIOLATIONS OF THIS 0RDiFANCE."
<br />
<br />
<br />
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