Minutes 11/11/1947 - Laserfiche WebLink

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to or become interested in the stock or obl_gati OhS of any company, association, or corporation, for the purpose of aiding in the construction or maintenauce of its work; no~ shall the State become a party to o r be- come interested in any work of internal improvement~ except public roads and p~blic parks, or engage in car~- tying ou ~any such work; nor assume any indebtedness of any county, city or town, n~ lend its credit to the same; but this section shall not prevent a county, city, or town from perfecting a subscription to the capital stock_ or a railroad comps~y authorized by existing charter conditioned upon the affirmative vote of the vo~ers and free holders of such county, city, or to~m in favor of such subscription; provided, that such vote wag had prior to July first, nine- teen hundred and three.. ~.r. }~cQuillin in his book on municipal ~orporat.ions in re- ferring to the power of cities to incur debts and make ex - penditures makes mention that some years~ ago many American mt~uicipalities gave aid to railway ente_przses and in doing so they were obliged to forego the most essential public im- provements. Ne then states, ~at present, indebtedness of this character, except in very few states, is never created. (~ol.I Sec. In Volume Z, Section ~SS, he further st~ates: "Unless expressly authorized by charter or statute, a m~aicipal cot?oration c~ not appropriate or give away the public m~ney as pu~e donations to any person, corporation o r private institution, not under the control of the City s~d having no connection with it.~ ~ection ~078 C of the Code of Virginia, permits the City Coun- cil, in its discretion, to expend not exceeding one per cent of its annual revenyes inadvertising and giving publicity to the resources and advantages of the City. This in my opinion means the City must use the money for advertising and not for some other indirect purpose The appropriation requested is no different in p rincipal from the appropriation made for the Portsmouth Hotel. This was at - tempted to be made on the theory of advertising. The Judge did not hesitate to issue the injtuaction and announce his decision immediately upon the comoletion of the argument. The law is very definite that the Ci~ can not appropriate money to aid private industries.'~ The fol!owing~ letter was read: nit is requested that the attached release be executed by~r. Leslie T. Fox and Nr. L.C. Brinson, and that the City Council so authorize them by proper resolution. The release is for a Social Service Bureau lien against the property of Rosetta Foreman, in the amount of ~llgG~O0, this amount now having been duly paid. Very ~ruiy yours, John ~. EacKenzie." Motion o f ~r. Barclay to instruct the proper officers to execute said release, was adopted. Two letters received from the Deoartment of Correction, in reference to the Department of Correction, in reference to the jail, were referred to the ~anager. ~gr Weiseman stated that the TM .... ~ Club would have an oyster roast on ~ecember 1st and the Eayor, ~anager, Attorney, Clerk and all me~bers of the Council were in - vited to attend. ~otion of ~r. Henderson that we open the meeting on November ~Sth to the public for consideration of the 19~8 Budget, was adopte'~ On motion adjourned. ipprove - re~&dent. Clerk.