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167
<br />
<br />Be~te~be~ llth, 1~.
<br />
<br /> Vote being takem on Mr. Stewart's motion, same was lost
<br />vote~ .-
<br />
<br /> Ayes: Brooks, Hutchins, Stewart - ~.
<br /> Nays: Fox, Moore, Oas~, Parrish -
<br />
<br /> On motion adJouraed.
<br />
<br />Approved -
<br />
<br />President.
<br />
<br />and by the followimg
<br />
<br />PortSmouth, Va., September 25th, 1934.
<br />
<br /> At a reguI~r meeting of the City Council held September 25th, 1934, at 8:00
<br />P.M., there Were present:
<br />
<br /> Vernon A. B~ooks, Leslie T. Fox, W.R. Hutchins, B.B. Moore, J. Alden Oast,
<br /> H.F. ~arrish, J.R. Stewart, the Oity Manager.
<br />
<br /> Minut'es of regulsm meeting held September llth were read and ap~uroved.
<br />
<br /> The following communications from the City Manager were read:
<br /> 1st - "The Oity of Portsmouth has received a d~ed from the United States, under
<br /> date of September llth, 193~, for all of the property which the United States owned in connec-
<br /> tion with the Water Works System. This deed will be sent to the Nansemond County Olerk's Of -
<br /> lice, in the next few d'ays, for recordation.
<br /> At the time the Oity of Norfolk purchased from the City of Portsmouth the
<br /> Water Works System, located in Berkley and Sonth Norfotk,'there was h61d in escrow, deposited
<br /> in the several banks in the City of Portsmouth, the sum of $25,000.00. This amount was to be
<br /> held until the City of Portsmouth acquired title from the United States of America for the wa-
<br /> ter meters attached to the Berkley and South Norfolk system. Since tha~ time the State Bank of
<br /> Portsmouth has failed, and t~e sum of $4,166.67 was released to the City of Portsmouth and the
<br /> remaining sum of $20,~).33 ms now held in the follewing banks of Portsmouth, as follows:
<br />
<br /> American National Bank $ 12,500.00
<br /> Merchants & Farmers Bank 4,I66.66
<br /> Citizens Trust Company 4,166.6y
<br />I have t~ken this matter up with Mr. T.P. Thompson, the City Manager ~ Norfolk, and have re-
<br /> quested him to have the City Council of Norfolk release the money which is held in escrow.
<br /> In the deed which the City of Portsmouth gave to the, 0ity ef Norfolk, it
<br />was agreed that the above money was to be r~leased as soon as title to the 1~1 water meters
<br />was conveyed to the City of Norfolk. The City of Portsmouth is now in a position tc convey
<br />title to the meters and I recommemd that the City Attorney prepare a confirmation deed, and
<br />that the proper officers of the City Council be authorized to sig~ the deed conveying title
<br />to the me,ers to the City of Nor~l k. I am informed that as soo~ as this deed is received
<br />thatthe City of Norfolk will release the money in escrow."
<br />
<br /> The followimg resolution was offered by N~. Stewart and duly seconded:
<br />
<br /> ~Be it resolved that the recommendations set forth in the foregoing letter of
<br />the City Manager, be adopted and that the Oity Attorney be instructed to prepare and deliver
<br />a deed to the City of Norfolk conveying title to the 165t meters and their settings mentioned
<br />in said letter, amd that the proper officers of the City be authorized to execute the same,,
<br />and the same-was adopted, by the following vote~
<br />
<br /> Ayes: Brooks, Fox, Hutchins, Moore, Oast, Parrish, Stewart.
<br /> Nays: None.
<br />
<br />titled: 2nd - "t submi~ herewith au ordinance, the adoption of which is recommended, eh-
<br />
<br />
<br />
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