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June 30, 1925
<br />
<br />At a special meeting of the Oity Council Jmne 30th the_ foltowimg were present:
<br />
<br />Nessrs--E..W~ 'N~upin, Jr-, J- C. Smith, J.
<br /> R. E. B~ Stewart, L. G. White,
<br /> Also the Oity Manager.
<br />
<br />R. Stewart,
<br />
<br />The following directions were
<br />
<br />"Mr. L. C. Brimson,
<br /> City Clerk & Auditor,-
<br /> Portsmouth, Va.
<br />
<br />read for the special meetimg:
<br />
<br /> "Portsmouth, Va., Jume 27th,
<br />
<br />1925.
<br />
<br />Dear Sir:--
<br />
<br />You will please call a speolal~meeting of the Oity Oouncil in the Oouncil Chamber
<br />
<br />Tuesday, June 30th, at 5 o'clock P. N., to consider reports of the Finance Oommittee on:
<br /> let. Bids for $325,000,00 City of Portsmouth, V~., Bonds.
<br />
<br /> 2md. Recommendation cf the Manager that an ~ppropriation of $650'.00 be allowed to drive
<br />wells to obta~ water for the refrigeration plamt at the 0ity Market. ~
<br />
<br /> 3rd. Sidewalk Improvement in the Eighth ~amd.
<br />
<br />Very truly yours,
<br />
<br />L. G. WHITE~ President.#
<br />
<br /> The "call" having been read, the Finance Oommittee presented the following report on
<br />sale of the $325,000.00 Bonds:
<br />
<br /> #Non. Oity Oo~cil.
<br /> Gentlemen:-- Yo-~r Finance Committee opened bids for the sale of
<br />
<br />$325,0OO.O0 City of Portsmouth, Va., ~l/2~Bonds ($125,000.O0 School Bonds and $200,000.00
<br />
<br />~mprovement Bonds), to be dated July 1, 1925, this 12 o'clock noon, and received the follow-
<br />
<br />i~g bids therefor:
<br />
<br />American National Bank, this 0ity.~. ..$323~5~.25 or 99.565
<br />Eastman, Dillon & 0o.. .......... ~.~.[]]].. 323,O~6.75 or -99-399
<br />R. M. Grant & Go.. ......................... 323,310.00 or
<br />George H, B~rr & 0o.... ................... 323,571.00 or 99,560
<br />
<br />The bid of the American National Bank, this 0ity, being the highest amd best bid, it !is
<br />
<br />recommended that the bid of said Bank be accepted and that the bonds be awarded to them as
<br />
<br />per their bid."
<br />
<br />On motion of Mr. Stewart~(R.EoB.), the report w~s adopted, smd by the following vote:
<br /> Ayes-- Maupin,-Smith, Stewart (J.~;), Stewart (R.E.B.), White, 5.
<br />
<br />The Fizance Committee presented the following report:
<br />
<br />"Hon. City Council.
<br /> Gentlemen:-- T~r Finance Oommittee respectfully reports herein
<br />
<br />concerning the following matter referred to the Finance Committee Jmne 23rd, 1925:
<br />
<br /> Recommendation of the-Manager that an appropriation of $650~00 be allowed to drive welle
<br />to obtain water for the refrigeratiom plant at the 0ity'Market.
<br /> Xt is recommended that a special appropriati0n o~ $650,00 be allowed for this purpese~
<br /> On motion of Mr. Smith, the report w~s adopted s~dby the following~vote:
<br /> Ayes-- Ms,pin, Smith, Stews.vt (J.R.), Stewart (R.E.B.), White, 5.
<br />
<br /> Mm. Smith moved that the following communication, which had been referred to the Finance
<br />Committee on June 9th, be tsken from its hands and considered at this session of the Oouncil,
<br />as the same was p=ovided for in the #ca~l~ for this meeting: The motion was ~dopted:
<br />
<br />Honorable City
<br />Portsmouth, Va.
<br />
<br />Gentlemen:
<br />
<br />"Portsmouth, Va.,
<br />
<br />Ju e 9, 1925.
<br />
<br /> ! am sending herewith schedule showing proposed sidewalk construction i~ the
<br />Eighth Ward. Tais schedule embraces a total of lO,O00 square yards, the estimated cost of
<br />which is $23,000.00. There remains a balance of $9,000.00 to ~he credit of the Eighth Ward
<br />fumd~, In addition, interest was paid fo~ six yes.rs on approximately $60,CO0,~O~s6hool bonds
<br />from Wamd lands. This would amount to $1S,000.00. There is apparently sufficient money
<br />
<br />~peo
<br />XPP.
<br /> 50.
<br />
<br />
<br />
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