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January 28, 1930
<br />
<br /> The motion was adopted, and by the following vote:
<br /> Ayes-- Brooks,_Dunfo~d,.Maupin, Mayo, Oast, Stews~t, Ogg, 7-
<br /> The Daily financial report of the Accoun%ing Department for the day ended Janumry 27,
<br />1930, was received ~nd was ordered to be filed.
<br /> A communication w~s read from the City 01erk & Auditor stating that he has checked
<br />the bank statementS, Treasurer's report, and Accounting Department report, for the month
<br />ended December 3l, 1929, d find that they ~gree.
<br /> On motion, the communication was ordered to be filed.
<br /> The following communication was read from the Cormmissionet of the Revenue:
<br /> ~Portsmouth, Va., January 28~ 1930.
<br />
<br /> To the Hon. Oity Oouncil,
<br />
<br />Gentlemen:~
<br /> I herewith report the following values of Real Estate, omitted for the years-
<br />1~2~, 1928 and 192~.
<br />
<br />Values
<br />
<br />LANDS BUILDINGS TOTALS
<br />$55o.00 $3,75o.oo $¥,30o.00
<br />~.G~neral Tax Penalty Inte~es~ t Totals
<br />
<br />These amounts have been reported to the Oity Co~leqtor for collection.
<br />
<br />Respectfully,
<br />
<br />J~hn 0. Niemeyer,
<br />
<br /> 0ommissioner of the Revenue."
<br /> On motion, the Oity Auditor was instructed ~o have the 'amount of tax, $11~.62,
<br />up to the City Collector.
<br /> The following report was re~act from the Sinking Fund Oommission:
<br /> ,Portmmouth, Va., January 2~, 1930.
<br />Hon. Oity 0curtail,
<br />Portsmouth, Va.
<br />
<br />charged
<br />
<br />Gentlemen:-
<br />
<br />Below youwill find report on the~ condition of the Sinking F~und as of December
<br />
<br />0ITY SINKING FUND:
<br />
<br /> Oash ...............
<br /> ' "] ..... 5 ,5oo.oo
<br /> Securities...[ ....
<br /> - 112 585.30
<br /> Old Oity Note
<br />
<br />$517, S63.7S
<br />
<br />WA~R SI~KING FUNO:
<br />
<br /> Cash ' $55~,61o.55
<br /> securities 33~,5o0.oo 8~,t10.55
<br />
<br />Total ........................................................... $1,~I0,97~.33
<br />
<br />Yours,
<br />
<br />SINKING FUlO OO~ISSION,
<br />
<br />L. 0. Brinson, Secretary."
<br />
<br /> On motion, the report was ordered to be filed.
<br />
<br /> On motion, the City Attorney w~s instructed to prepare a resolution to os~cel the
<br />$112,585.30 Oity note held by the Sinking Fund Oommission.
<br /> The City Attoz~ey presented th~ following ordinance, which he had been instmuoted to
<br />prepare by Oouncil Janu~ry l~th:
<br /> AN~ORDINANCE I~tPOSING AND COLLEOTING TAXE~ ON REAL ESTATE,
<br />T~NGI2k%E PERSONAL PROPERTY, A~D.~ACHINER¥ NITH~!~ TEE LIMITS OF TH~ 0ITY OF PORTSMOb~H, VIR-
<br />GINIA, FOR THE PURPOSE OF RAISING REVENUE FOR THE SUPPORT OF THE GOVERnmeNT AND THE PUBLIO
<br />FP~ SOHOOLS, AND TO PAY INTEREST AND SINKING ~UND ON THE PUBLIO DEBT, FOR THE YEAR BEGINNING
<br />JA~Y lat, 1930.
<br />
<br />On motion of ~r. ~mupin, the ordinance Was placed on first reading.
<br />
<br />
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