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Febr~v Bth_ 19~9.
<br />
<br />adopted.
<br />
<br />Notion o f Nr~ GrLmes to lay on the table until the next meeting, w as
<br />
<br />following letter fromths City Clerk ~ud Auditor was read:
<br />
<br /> "We have sold ~500,000.00 Dollars of G. ove~-~ent bonds and given the
<br />money to the Ferries. ~e now ewe the Ferries about Five Thous~ud Dollars, and it is necessary
<br />to issue $250,000.00 of bonds to finish the p~ment due them."
<br />
<br />On motion ordered filed.
<br />
<br />The City Attorney presented the ~ollowlno 0r~inanOe:
<br />
<br />"AN ORDINANCE TO AUTHORIZE THE ISSUANCE OF T~O B~JNDRED AND FIFTT
<br />THOUSAED DOLLARS OF BOR-DS OF THE CITT OF PORTS}~0UTH, VIRGINiA~
<br />TO BE KNOWN A S ~FERRY BONDS~, FOR THE P~i~POSE OF PROVIDING ~V
<br />EQUIPA~L~T FOR T~ NORFOLK COUNTY FERRIES, MAKI~G PROVISI(NS FOR
<br />THE F0~ OF SAID BONDS AND FOR THE PAYMENT THEREOF~
<br />
<br />was adopted.
<br />was taken up:
<br />
<br />Action of~. Henderson to place said ordinance on its First reading,
<br />Th-e following ordinance, p~aced on its first reading ~t last meeting,
<br />
<br />"AN ORDINANCE TO AMEI~ AND RE-ORDAIN SECTION 19, AS A~EN~ED,
<br />/0F THE ~OTOR VEHICLE CODE O~ THE CITY OF PORTSNOUTH, B~J,ATING
<br /> TO TURNING VEHICLES IN THE STREET"
<br />
<br />vote:
<br />
<br />Aotibn of ~r. ~'llson to la~ on the table was lost, and by the following
<br />
<br />Ayes - Henderson, 3turtevant, Warren, ~ilson
<br />Nays - Fox, Bilisoly, Duke, Grimes, Houghton, H owa~d.
<br />
<br />towing Vote:
<br />
<br />On motion of ~'/r. Houghton, said ordinance was adopted, and by the' fot
<br />
<br />Ayes - Fox, Bml~soly, Duke, Grimes, Houghton, Howard
<br />Nays Henderso_~, ~rtevant, War~en, ~ilson
<br />
<br />taken up:
<br />
<br />The following ordinance, placed on its first reading at last meeting,was
<br />
<br />"AN ORDINANCE TO ~d~ND A~ID RE-ORDAIN SECTION 18 OF THE ORDINANCE
<br />RELATING TO TRAFFIC Ahead THEW INSTALI~TION AND HEGL~LATION OF PARK-
<br />ING ~ETERS"
<br />
<br />On motion, said o~dlnance was adopted, and by the following vote:
<br />
<br /> Ayes - Fox, Biliscly, Duke, Grimes, Henderson, Houghton,
<br /> Howard, 8turtevant, Warren, Wilson.
<br /> Nays - None
<br />
<br />sented:
<br />
<br />The following report of the Sinking ~und Commission for 19A8 was p~e -
<br />
<br />"BTATEME~T O~ G~ERAL SINKING FUND
<br /> AE OF DECF~B~ 31st, 19A8
<br />
<br />Cash
<br /> Balance 12/~1/~7
<br />
<br />451,554.79
<br />
<br />Receipts
<br /> Int. on Bonds
<br /> Int. on Deposits
<br /> AnnuAl Payment
<br /> Bonds Natured
<br />
<br />25,2~2.50
<br /> 3,I56.08
<br />72,000.00
<br />24,000,00
<br />
<br />Total Receipts
<br />
<br />DisbUrsements
<br /> Bonds Pure,based
<br />
<br /> 300~000.00
<br />Total Disbursements
<br />
<br />Balance 12/81/48
<br />
<br />I~ank ~lances 12/3t/48
<br /> Amer. Eat~onal Ra~(~pen Acct.)
<br /> " ~ " (Int. " )
<br /> ~or.& Fa~. ~ank (Int. Acc~.)
<br /> Citizens Tr~.Co. (Int. Acct.)
<br /> Bank of Va. (Int. Acct.~
<br />
<br />10,655.54
<br />73,567.56
<br />77,139.39
<br />79,313.26
<br />35,033.62
<br />275,713.57
<br />
<br />124.378.58
<br />575,713.37
<br />
<br />__300,O00.Qq
<br />275~713.37
<br />
<br />
<br />
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