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<br />
<br /> Motion of Mr.. Fox to refer back to the City Manager and City Attorney
<br />se as to place fund under the control of the Council, was adopted.
<br />
<br />The following resolutions, laid on table on Seoto 24th, were taken up and read:
<br />
<br /> "'~fHEB~EAS, the School Board for the City of Portsmouth, on the 2~th day of
<br />September, 1935, presented to this Board or Council, mu application addressed
<br />to the StaZe Board of Education of Virginia, for the purpose of borrowing from
<br />the Literary F~nd $25,000. for the new colored school building in ~e down-town
<br />section, to be repaid as follows: 30 equal annual payments including interest
<br />at 4% in the s~ount of $1~45.Y5 dollars each.
<br />
<br /> RESOLVED, That the application of the City School Board to the State
<br />Board of Bduoation of Virginia,~for a lo~a of $25,000. from the Literary
<br />Fund, is hereby approved, and authority is hereby granted the said City
<br />School Board to borrow the said amo'~nt for the purpose set o~t in said
<br />application.
<br />
<br /> The Council for said City will each year during the life of this loan
<br />at the time they fix the regular levies, fix a rate of levy.for schools or
<br />make a cash appropriation sufficient for operation expenses and to repay
<br />this lomu-in annual installments, and the ~nterest thereon, as ~equired by
<br />law regulating lomus from the Literar~ Fund.
<br />
<br /> I hereby certify that the foregoing is a true
<br />minutes of the Board of Supervisors for the Couaty
<br />of the City of Portsmouth, Va.
<br />
<br />copy as taken from the
<br />of or the Council
<br />
<br />_ Clerk,
<br />
<br />Board of Supervisors for the
<br />Comuty of
<br />Council 'of the City of Portsmouth.~
<br />
<br /> "~HEREAS, The School Board for the City of Portsmouth, on the 2~th day
<br />of september, 1935, presented to.this Council, an application addressed to
<br />'the State Board of Education of Virginia, for the p~rpose of borro~in~ from
<br />the L~terary Fund $25,000. for tke new colore~ school building in ~ount Her-
<br />mon, to be reoaid as follows~ 30 equal annus~ ~ aymen~s including interest
<br />at ~%, in the-amount of ~1,~.5.75 dollars each.
<br />
<br /> RESOLVED~ That the application of the Cit~ School Board to the State
<br />Board of Education 0~ Virginia, for a loan of $25,000. from the Literary
<br />Fund, is hereby approved, and authority is hereby grsnted the said City
<br />Schoo~ Board to borrow the said ~mount for the purpose set out in said
<br />application.
<br />
<br /> The Council for said City will each year during the life of this loan
<br />at the time they fix the regular levies, fix a rate of levy for schools or
<br />make a cash appropriation sufficient for operation expenses, and to repay
<br />this loan. in annual installments, and the interest thereon, as required
<br />by 'law regulating loans from the Literary Fund.
<br />
<br /> I hereby certify that the foregoing is a true copy as taken from the
<br />minutes of the Board of Supervisors for the Couuty of
<br />or the Council of the City of Portsmouth, Va.
<br />
<br />Clerk -
<br />
<br />Board of Supervisors for the
<br />County of
<br />Council for the Cit~ of
<br /> Portsmouth, Va,~
<br />
<br /> On motion of Mr. Moore, the resolutions were adopted and proper officers
<br />authorized to execute same, and by the follow~ng vote:
<br />
<br />Ayes - Brooks, Fox, Hutchins, Moore, Oast, Stewart 6,
<br />Nays - None.
<br />
<br /> The report of ~he City Collector for the month of September, 1935, was re-
<br />ceived and ordered filed.
<br />
<br /> The report of the Accounting Department for month of September, 1935, was re-
<br />ceived ~ud ordered filed.
<br />
<br /> The President announced the death of Dr. H.F. Parr~sh, a member of th~body~
<br />and appointed Messrs. Fox and Hutohins to bring in a resolution of respect.
<br />
<br /> - N~ BUSINESS -
<br />The following letter was read:
<br />
<br />
<br />
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