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study this ordinance before its passage. <br /> SECOND: The virginia Electric and Power Company is now operating under an al- <br />leged thirty-year franchise which expires in 1940, under which the said Company, or its pre- <br />decessors, agreed to pay to ~he City of Portsmouth, as a franchise ta~, the sum of two and <br />one half per cent on its gross revenue. Since 1919, the Company has refused to pay the two <br />and one-half per cent franchise tax but instead has paid one half of one per cent. <br /> THIRD: We desire time in which to investigate the advisability and possibility <br />of erect, lng a municipal power plant and if-this ordinance should go into effect, there would <br />be no chance of the City erecting a municipal plant. <br /> _ FOURTH: The Power Company has heretofore claimed to hold a perpetual franchise <br />in the City or. Portsmouth, and the proposed contract leaves this claim to be settled at some <br />future date. <br /> <br />(Signed) Bayard E. Jewetl, 1705 McDaniel St., and sundry others.,~ <br /> <br />Approved - <br /> <br />On motion of Mr. Weiseman, <br />On motion adjourned. <br /> <br />same was 'referred to the City Attorney. <br /> <br /> Clerk. <br /> <br /> Portsmouth, Va.~ July 13th, 1937. <br /> At a regular meeting of the City Council, held on July 13th, 1937, at ~:00 <br />there were presgnt: <br /> <br />John p. Leigh, Leslie T. Fox, George L. <br />chins, Frar~ D. Lawrence~ C. E. Wari~en, <br />City Manager. <br /> <br />Grimes, James N. Howard, W.R. Hut- <br />H. Earl Weiseman, PearIe J. Wilson] <br /> <br /> Minutes of regular meeting held June 22nd, 1937, were read and approved. <br /> <br /> The following communications from the City Manage~ were read: <br /> <br /> 1st - ~$ometime ago, the Austin R. Davis Camp #4, United Spanish War Veterans <br />applied to the City for a donation to erect a monument at the City Park. <br /> Upon investigation b~ the City Attorney, it was found that the State <br />law did not permit the City to make the donation. Mr. Thomas C. Parker, Assistant Director, <br />Federal Arts Project, Washington, D.C. states: <br /> "If the proposed monument is to be of a public nature <br /> and will be sponsored by the City of Portsmouth, it may be <br /> possible to secure anproval through W.P.A.~, <br /> I recommend that the~City go on record as sponsoring the project, as <br />I believe we all feel that this is a Fe~y worthy cause." <br /> <br /> Motion of Mr. Wilson. to concur in the Manager's recommendation was adopted. <br /> <br /> 2nd - "The recently organized Industrial 0ommission, of which Mr. Weiseman is <br />Chairman, will need some funds to pay some small bills which ~he Commission w~ll create from <br />time to time. <br /> I recommend that we appropriate $300.00, for the present, to meet these <br />bills." <br /> <br /> On motion of Mr: Weiseman, the Manager,s recommendation was concurred in~ and <br />the said appropria~on of $300.00 was made, and by the following vote: <br /> <br /> <br />