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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 />