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bare necessities. The F.E.R.A. have only furnished small food orders,
<br /> no fuel or shoes, and we do feel the responsibility of keeping these
<br /> children in shoes for school.~u
<br /> In an interview with Mrs. Williams, she stated that there is due the Family
<br />Service, by the Consolidated Charities, under the monthly allotment, ~850.O0,but of t~is
<br />amount only ~113.OO had been received, smd that she had been advised that this is the final
<br />payment, the shortage being due to so many delin.ouent subscribers to the Community F"~nd. The
<br />drive by the Consolidated ~naritles, for public funds, w~!z not be undertaken, she advises,
<br />mutil in the spring, ~if then.
<br /> In the me~utime, an emergency exists, as the distrlbu~ion of food and fuel
<br />will, of ~necessity, be discontinued, .unless the necessary funds are forthcoming and that
<br />there appears to be no source, at this time, other thegn the City.
<br /> I regard this situation as an emergency and in order that ftuuds may be sup-
<br />plied, I.recommend an appropriation of ~395. OO to be made available, without de~a~, and an
<br />appropriation~ of $1000.00, available on or about Feb. ~z~,=th', from current funds, the s~me ~o
<br />be rei~oursed from A.B.C. funds, if and when such funds are available.~
<br />
<br /> Motion of Er. Oast to concur in the Mmuager~s recommendation s~d to appropriate
<br />$~95.00 and that an appropriation of an additionsA.$1000.O0 be laid on table until next meet-
<br />in~, was.adoptsd, and by the followin~ vo~e,~ ·
<br />
<br />Ayes: ~Brooks, Fox, H~vey, Hutchins, Moore, Oast, Stewart
<br />N ~s. None
<br />
<br />'Sth- "On December 2Oth, last, under what appeared to me to be an emergency, I ad-
<br />dressed a communication, to the members of the Council (a copy of ~nich is attached hereto).
<br /> The recommendation received unanimous approval ~ud the Auditor was inst~acted
<br />to set aside ~5~2.0Q f~om the 1935 A.B.C. Funds.
<br /> I hereby request that the appropriation be now approved.~
<br />
<br /> Eotion of Mr. Stewart to approve the Manager's request, was adopted, snd by
<br />the followingvo~e.~ ·
<br />
<br /> Ayes: Brooks, Fox, Henvey, Hutchins, Moore, Oast, Stewart.
<br /> Nays: None.
<br /> 16th - ~The City may find it advantageous and advisable, now or at some future time,
<br />to transfer its floating debt or a part of it into municipal bonds.
<br /> In order to make this possible, an enabling act is necessary. Therefore, I
<br />~m presenting herewith, an enabling act, drawuby the City Attorney, which bill, you will ob-
<br />serve, is broadly drawn, leaving all-discretion with the City Council.
<br /> Section 3 is intended to make the bonds attractive and saleable to local per-
<br />sons. There may not be any necessity for this section, at this time, ~owever, I can see no
<br />disadvantage in it, and it may serve its purpose at some time in the future.
<br /> I recommend that this bill be adopted and that the City Attorney t~ke such
<br />actien as he may deem advisable, to have it presented in this session of the Legislature.~
<br />
<br />The b~z_ -
<br />
<br /> "A Bill to authorize the City of portsmouth to issue bonds to fund certain
<br />temporary loan notes and other obligations.
<br />Be it enacted by the General Assembly of Virginia:
<br />ls~ - T_hat t~e City of Portsmouth shall have power to issue its bonds in
<br />the aggregate sum of Five-Hmudred Thousand ($500,000.00) Dollars and to apply the proceeds
<br />of the sale thereof to the funding or payment of outstandifig temporary loan notes or other
<br />obligations heretofore issued by the City of Portsmouth in a~ticipatio~ of the receiot of
<br />taxes and revenues of the then current fiscal year or to the-funding or payment of any tem~
<br />porary loan notes or other obligations issued in renewal of any such outstanding temporax~y
<br />lomn notes or obligations.
<br /> 2nd - The said bonds Shell be issued in the n~me of the City of Portsmouth
<br />and shall be signed by the President of the City Comucil, with the seal of the City thereto
<br />affixed, attested by the City Clerk. They shall be issued in such'denominations, and at such
<br />rate or rates of interest not exceeding six per cent per srmum, payable seml-annue!ly, as
<br />may be determined by the City Council of said City. They may be issued either all at one
<br />time, or in separate issues from time to time, as the said Council may determLue, and shall
<br />be payable not more them thirty years from the dates of their issuance; but bonds issued un-
<br />der this act, together with other outstanding bonds of said City, not issued for a purpose
<br />from which the City derives a revenue, 'shall not exceed eighteen per cent of the assessed
<br />value of the real estate of said City. The said bonds may have interest coupons attached
<br />thereto or may be registered as to the holders, and they may be disposed of in such m~uner
<br />as the Council of said City may deem expedient,-and the proceeds arising from the sale thereof
<br />shall be used for no other purpose than that hereinabove stated. The said bonds shall be sub-
<br />Ject to no taxation whatever by the City of Portsmouth, and the payment thereof and the inter-
<br />est thereon shall be provided for either by a special levy or out of the. general levy of the
<br />City.
<br /> 3rd - The Council of said City'of Portsmouth shall have power to provide in
<br />the ordinsnce adopted for the purpose of authorizing the issuance of said bonds or of any is-
<br />sue of said bonds, that any matured bonds or any matured interest coupons evidencing the in-
<br />terest Payable upon such bonds shall be received by said City at par'in oayment of Shy taxes,
<br />and interest and penalties accrued thereon, heretofore or hereafter levied upon property by
<br />said City, and any such provision contained in said ordinance shall, after the bonds autho-
<br />rized thereby have been issued, be irrevocab!e,"
<br />
<br /> Motion of Mr. Hutchins to concur in the'Manager's recommendation was lost
<br />and by the following vote;
<br />
<br />Ayes: Hanvey, Hutchlns - 2
<br />Nays. Brooks~ Fox, Moore, Oas~, Stewart
<br />
<br />
<br />
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