October ll, 1~27
<br />
<br /> The said Advertisi.ng Company agrees to pay fgr the exclusive rights and privileges
<br />mentioned, ~he sum of T~en~y'~ix Hundre~d Dollars ~$2~.OO) ~r ~ar, In e~al' monthly i~
<br />st~llmen~$ on the 15~h day of each .month for ~he ~n~h p~ecedi~, ~d i~ is e~ressly.
<br />~ in case of defaui~ in ~y_off she payments m~ provided fo~, and should such defau.l~
<br />conminue for a period of sixty ~ys after ~i~men de,nd for paymen~ shall have bee~ duly
<br />~de upon the Advertising Oo~y, the said O~rs ~y elect to terminate this contract ~d
<br />re~ve the advertisi~ from the ~aoe ~llotted to the said Advertising Oo~y.
<br /> It is ~rther ~reed that if ~y ~terial n~ber of r~ ferrie~, or other advertising
<br />facilities are m~e available to the said AdvertiSi~ Oo~uY by the s~d O~ets, the Advertising
<br />Go,any ~rees to a proportionate increase 0f r~e according to the facilities.
<br /> The said o~ers ~rther ~ree that if, by reason of fire, strikes, acts of God or public
<br />enemy, it should not be able ~o deliver some part of the ~ace .which ~y be allotted to adver-
<br />tl~i~, under this ~reemen~, that d~i~ ~ch period of inability, ~ equitable ~justment
<br />~d allo~nce will be ~de to said advertising Co~Y In the considera~ion set forth in above.
<br /> Said Advertising Oo~y ~rees upon the request of representative of the said Owners~
<br /> its ~ecessors or assigns, to remove ~y advertisi~ ~tter of ~ objectionable ch~acter.
<br /> The said Ow~rS ~ree that employees of the said Adve=tisi~Oo~any s~ll, at all reasonable
<br /> t~mes while e~ed in the pe=for~nce of their duties as e~loyees of ~id Advertising
<br /> have access to the Ferry properties.
<br />
<br /> WIT~SS the following si~mt~es ~d seals the ~y ~d ye~ first above ~itten.
<br />
<br />OITY OF PORTSMOUTH
<br />
<br />By
<br />
<br />President of 0ouncil.
<br />
<br />ATTEST:
<br />
<br />City olerk.
<br />
<br />BOARD OF SUPERVISORS OF NORFOLK CO.
<br />
<br />By~
<br />
<br />Chairman.
<br />
<br />ATTEST:
<br />
<br />Olerk.
<br />
<br />BAP~.RON G. OOLLIER, INOORPORATED,
<br />
<br />By
<br />
<br /> On motion of Dr. Brooks, the agreement was approved,
<br />instrmcte~ to execute same, amd by the following vote:
<br />
<br />and the proper City Offici~tswere~
<br />
<br />Ayes-~ Brooks, Maupin, Mayo, Oast, Stewart, White, 6.
<br />
<br />The report of the superintendent of the Norfolk County Ferries for ~he month of Amgust,
<br /> which had been laid on the table untxl this meeting of Council, was taken up and read.
<br /> On motion of ~r. Mayo, the repo~as ~rdered to be filed.
<br />
<br /> The r~port of F~ederick B. Hill & 0o. ~ the books and accounts of ~he Norfolk County Fer-
<br />ries for ~the month o~ August, 1~27, whiol~adbeen laid on the table until this meeting of
<br />0ouncil, w~s taken~mp.
<br /> On motion of Dr. Brooks, the repor~ was ordered to be filed.
<br />
<br /> The opinion of the Oity Atto~ey~ which was laid .on the table from the last meeting of
<br />Oouncil until this meeting, in ~eference to machinery tax, was taken up.
<br /> In this connection, the following resplutien w~s read from the Chamber of Commerce:
<br />
<br /> "WHEREAS, a. petition has been presented ~o the Portsmouth 0ity Council asking that the
<br />premen~ t~x 0rdin~uce Be amended-so that the machinery ~ow taxed as real estate at $2.70 per
<br />hundred dollars, may be. subjected ~nly to the present machinery tax of $~.20 per hundred dollars;
<br />
<br /> WHEREAS, this petition was accompanied by a suggested ordinance and an opi.nion from
<br />Crocker and Crocker, attorneys, as te the legality of the request in ~he petition,
<br />
<br /> WHE~, it is the opinion of these Attorneys that the ~axing of some machinery on the
<br />~wenty ce~tbasis and othermachtnery on the $2.70 bas~s is un~umt and disorimatory and violates
<br />%h~'0onstitulienof Virginia a~ to ~iforml%y of tax, tmon, ~d
<br />
<br /> ~HEREAS, it is their further opinion that while the city can not cha~e the assessment
<br />made by the flwe year assessors until 1930, it can and should fix a uniform ~rrrate, that is,
<br />the twenty cen~rate on all machinery, and
<br />
<br /> WHEREAS, We, the officers and directors of tbs Portsmouth Ohamber of Oommeree, believe
<br />that the imposition of one taxon some machinery and another taxon other machinery is unjust,
<br />discriminatory and a discoumagement to industry now operating here,
<br />
<br /> THEREFORE, BE IT RESOLVED, that we give our unTmalified endorsement to the petition and
<br /> suggested ordinance which have been submitted to the Oity 0ouncil, provided that the suggested.
<br />~rdinahce shall n~t be effective retroactively, nor except for the tax years of. 19a~, 1929, aha
<br />
<br />
<br />
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