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D ISBURSF~.ENTS
<br /> Bonds Put ef~as ed
<br /> Premium
<br /> Accrued Interest
<br /> Bonds Retired
<br /> Total Disbursements
<br /> Balance 12/3 /40
<br />
<br />0ity Si~_~ing Fund
<br />
<br /> 60,000.00
<br /> !,1~?.50
<br />
<br />250,000.00
<br />
<br /> 11,171.25
<br />101,990._~
<br />
<br />34,000. CO
<br /> 6,Y55.38
<br /> ~15.39
<br />
<br /> ~1,17o.77
<br />_619,~70~89
<br />
<br />BONDS
<br /> On Hand 12/31/39
<br /> Purchased
<br />
<br /> Natured
<br /> on Hand 1 /3 /40
<br />
<br /> ~5,OO0.00
<br /> 60~000. OO
<br />
<br /> 8,oo .oQ_
<br />
<br />1,22~500.00
<br />
<br />1~2~3,50.0.00
<br /> l oo.oq
<br /> 5oo.o
<br />
<br />ASSETS la/31/40
<br /> O~sh
<br /> Bonds
<br />
<br />City Note
<br /> Total Assets
<br />
<br />12/31140
<br />
<br />101,990 55
<br />
<br />6!9~ 470 o 89
<br />
<br />BANK BALANCES 12/31/40
<br /> Amero Nat'l. Bk. Open Acct.
<br /> Amer. Nat'l. Bk. Int. Acct.
<br /> Met. & Far. Bk. Into Accto
<br /> Citizens Tr. Co, Int. Acct.
<br />
<br />Earnings
<br />
<br />$50,OOO. O0 of this
<br />$62,000.00 of this
<br />
<br /> 91~890.55 * 155,332-65
<br /> 5,o5o.oo
<br /> 2,525. oo
<br /> ~ 619,~70.$~
<br /> · 033 .032
<br />
<br />amount put on interest in Merchants & Farmers Bank 1/2/41
<br />amount used to buy Oity of Portsmouth 3%~bonds 1/2/~l
<br />
<br /> A. E2 Parker,
<br />Treasurer, Sinking Fund."
<br />
<br /> R~oort of the Accounting Department for month of December, 1940, was re -
<br />ceived and ordered filed.
<br />
<br /> - NEW ~JSlNESS - ~ ~
<br /> Bill of J. Shirley Hope, S~ate ~ame ~arden, for de~eying ~xty three tag-
<br />less dogs, at~2. ~O each, totaling $157.50, was presented, and, on mo$ionof.. Mr. Warren, the
<br />Treasurer %~s authorized to pay same from funds in her hands from collection of Dog Taxes.
<br />
<br />~mall matter,
<br />resolution:
<br />
<br /> The following ietZer was read and ordered filed:
<br />
<br /> "Realizing that the question of slum clearance is before you, and is of no
<br />the undersigned corporation at its monthly meeting yesterday passed the following
<br />
<br /> ~tnasmuch as the question of Slum Clearance is
<br />Portsmouth Housing Authority~ amd realizing the matter is of great
<br />opinion of those familiar ~dth housing and its requirements, we the membersof the Portsmouth
<br />Rental Agents and Property Ov~ers Association, Incorporated, hereby offer to the Portsmouth
<br />Housing Authority such assistance as we may be able to furnish in this matter, effecting every
<br />every property owner in the City of Portsmouth.
<br /> It is further resolved that a copy of this resolution be sent the Ports -
<br />mouth Housing Authority, a copy to ~he Portsmouth City Council, and a copy to the Portsmouth
<br />City Manager.'
<br /> Yours very truly~
<br />
<br />at ~h!s time before the
<br />l~oort~uce, and requires the
<br />
<br />A.J. Phillips, Jr., Secretary."
<br />
<br /> On motion of ~r. Howard, the privilege of the floor was granted Mr. J.T.
<br />Timmons, Executive Manager, Tidewater Automobile Association, who asked the Council to make
<br />some ordinance or regulation of bicycle riding.
<br />
<br /> On mo$ion of Mr. Howard, the privilege of the floor was granted Mr.
<br />Smith, the retiring president of the Central Labor Union, who stated he wished' to present to
<br />the Council, l~r. H.C. Powell, the newly elected president of the Central Labor Union, and to
<br />bespeak for ~r. Powell ~ke same courZeous treatment e xtend~d to himself.
<br />
<br /> On motion~ the privilege of ~he floor was granted to the members of the
<br />Housing Autho~ityo Mr. Cooper, Nr. EcCarty and Mr. ~oear ~ooke in the interest of Slum Clear-
<br />ance~ stating that $840~OO~o has been earmarked for Slum Clearance in Portsmouth an~ that the
<br />Authority is ready now to go into the matte~.
<br />
<br />adopt6~.
<br />improvements
<br />
<br /> Notion of E= Fox to refer to the City Eanager and the City Attorney was
<br />
<br /> Er. Lawrence stated that the Americ~u National Bank is making extensive
<br />to give ~ore room, and it is necessary %o extend under the sidewalk on~Niddle St.
<br />
<br />
<br />
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