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November 10, 1925
<br />
<br /> IN ,~ITNESS WHEREOF, The Railroad has caused this amree~+~
<br /> its ~ . . o ~--- to be signed in duplicate by
<br /> proper oxf~cer, and the second..party has caused the same~to be signed by its Nayor, attested
<br />by its Clerk, and approved ~ ratified by its City' Council in session at a duly authorized
<br />and called meetLug o~ said body, and its coroorate seml affixed on the' day and year first above
<br />written. ' - ' ' ' -
<br /> .......... ATL~TI0 O0AST LINE~ RAILROAD. COMPANY,
<br />Witness: . . _ By. '
<br /> V~ice. President &=~G~eneral Nanager.
<br />
<br /> CITY OF. PORTSNOUTH, VIRGiNIa.
<br />Attest: By
<br /> Clerk ....
<br />
<br /> Mr. Brooks moved that' the agreem~h~' b~' apD~bved;'and that the following resolution be
<br />adgpted in connection therewith:
<br /> "Be' it' ReS01%ed by' ~h& Council of the City of Portsmouth, Vir-
<br />ginia,, in council ~?sembled, that the =~ Nayor..~'~ be, and he hereby is, authorized to enter into
<br />an agreement with ~ne ATLANTI0 00AST LINE P~iLROAD CO,ANY, and to sign s~ on behalf of s~id
<br />~il,_whe~e~ thousand E~i~Oa9' 90~~ g7~.~9. }he ~ity of Portsmouth, Vir inia the
<br /> mg~ aha prmv~zege ~o &ay ~G ~mnmazn, Ior the outdoes of a sewer, a line of la'!nob'cast
<br />iron pipe across the right of w~y and ~.d~neath ~he tracks of the Atl~tie Coast Line ~ilroad
<br />in sa~d City of Portsmouth; the's~ia' ~i~e %~' &k%&fid' abros~ said Rai~omd at
<br />ce ~ ~ . . . - approxi~t~ly the
<br /> n~er of Go--roe Street. said oioe b~l~ ~r~lel ~th ~m ~+~ ~ ~ ~ .....
<br />
<br /> The motlgn was adopted, .....................
<br />
<br />NEW BUSINESS
<br />
<br /> The following report 8f ~he ~0mmi~{oneg'~f' %he'R~%enue of taxable values of Real Estate,
<br />Tangible and Intangible Personal Property for the Oity of Portsmouth for the.Year 1925, was
<br />refer~ed to the Finance Oommittee:
<br />
<br />REAL ESTATE:
<br />
<br />Value~. of Lots
<br />
<br />Value of B~ildings
<br />
<br />Value of MachinerL
<br />
<br />Total Value
<br />
<br />WHITE
<br />
<br />OOLORED
<br />
<br />CORPOPgT ION OO~ISSION
<br />
<br />REAL ESTATE:
<br />
<br />$12,755,530.OO
<br /> 931,335.00
<br />
<br />$16,7o3,93o.o0
<br /> 1, Sll,~O0.O0
<br />
<br />$13,686,865.00
<br />
<br />$ is, 515
<br />
<br />General Tax $ $2.25
<br />
<br />$ 166,000.00
<br />
<br />$ 166, OO0.00
<br />
<br />5%Penalty
<br />
<br />$ 29,625, t ,0.00
<br /> 2,7 ,735.00
<br />
<br /> 3. 7 .s35.00
<br />$ 35,7 s,03o.oo
<br />
<br />~%Inter~st
<br />
<br />White
<br />
<br />Colored
<br />
<br />Corporation Oommission
<br />
<br /> TANGIBLE
<br />
<br /> VALUE
<br />
<br />WHI $1,47 , 605. O0
<br />COLORED a65,070. O0
<br />OORPORATION OOM. 1. ~15,965.5~
<br /> $3,253, 640.54
<br />
<br />$666,571.61
<br /> 61,711,52
<br /> 76,046.10
<br />
<br />GENERAL TAX
<br />
<br />VALUE
<br />
<br />$33,133.65
<br />5, 964. ca
<br />
<br />$73,206.95
<br />
<br /> $1,~1a,~67.00
<br />V~hite
<br /> ~,293,627.00
<br />
<br />$5,706,094.00
<br />
<br />$ $.oo $1. a6
<br />
<br />SNTANGIBLE
<br />
<br /> GEN~J~AL TAX
<br />
<br /> 26,186.~0
<br />
<br />Gr~and Total Real Estate, Tangible and Intangible Personal Property ........... 4,?07,765.5
<br />TOtal Tax cha~ged to Oity Oollector .......................................... $ 906,550.23.,
<br /> A bill ,of John O. Niemeyer, Oommissioner cf the Revenue, to amount of $9,715.50, as com-
<br />missions on tamable property, was referred to Finance Committee.
<br />
<br /> A petition was read from certain taxpayers and property owners residing in the 2100 and
<br />2200 block King street, requesting Co?~ncil to take such steps as will se~are for them a water
<br />plug which they consider e~bsolutely necessary for the protection of their property, -
<br /> On motion, the petition was referred to Finance Oommittee.
<br />
<br /> A request was read from the Portsmouth Library Association for a new library building,
<br />suggesting the southwest corner of London. a~nd Oottrt streets as a very desirable location.
<br /> On motion, the request was~er~ed.~:.to' ' · the Finance Oommittee.
<br />
<br />
<br />
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