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At a speoia~ meeting of the City Go-o_uoil July 29th there were present:
<br />
<br />Nessrs-- Vernon Brooks, R.A. Hutchins, Jr., J.
<br /> Jo R. Stewart, L.G.~'~hite, 5-
<br /> Also the City ~uagero
<br />
<br />Co Smith,
<br />
<br />The following directions were read for the special meeting:
<br />
<br /> uPortsmouth, Va~, July 26th, I~2~.
<br />
<br />~o Lo O. Brimson,
<br />O~ty 01erk & Auditor,
<br />0~tyo
<br />
<br />Dear Sir:--
<br />
<br /> You will please call a special meetLug of the City Oouncit for Tuesday, july
<br />29th, at 5 o'clock p. m., to consider:
<br />
<br /> lsto Adopting the following ordinance~plaoed on first reading J-~ly 25th: An Ordin~ce
<br />to Authorize the Issue of Two Hundred ~ud Fifty Thousand Dollars of Bonds to be Known as
<br />'Water Bonds' Pursuit to Section 127, Clause B, of the Constitution of Virginia, ~ec~ion
<br />3081 of the Code of Virginia, As Amended by ~u Act of the Geper~l Assembly of Virgmni~. Approved
<br />F~orus-~y llth, 1922, and an Aot o~ the General Assembly of V~rg~ui~ Approved Na~oh 16th,
<br />191~, Entitled, ~AnAot to Authormze the 0ouncils of the Several Omties or ToTM of the State
<br />to Issue Bonds for a Supply of W~ter or other Specific Underte~king from which the Oity or Town
<br />may Derive a Revenue, P~rsuant to Section One Hundred ~nd Twenty-seven B of the Oonstitution
<br />of Virginia,' and Unde=_Authority of the Vote of the Qu~lified Voters of the 0ity of Portsmouth
<br />at the General Election Held on the 10th d~y of June, 192~o
<br />
<br /> 2nd. Report from the Finar~ce committee on recommendation of the Ma~er that he be autho-
<br />rized to substituSe the amoun$ of $58,362.18 for $48,177.22, as ~ compromise settlement for
<br />the interest due the United States on ~ccoU~Ut of improvements m~de by them to the ~ater De-
<br />partment.
<br /> Very truly yours,
<br />
<br />R. Ac HUTCHINS, JR., PRESIDENT."
<br />
<br />The ~ozll" having been read, the following report was read from the Fi~uuce 0onur~ittee:
<br />
<br />~'Hon. 0ity Oouncil,
<br /> Gentlemen:-~ Your Fi~z~_~noe Oo~mittee respectfully reports herein concerning
<br />the following m~tter~' referrea to ~he s~ia Oommittee July 22nd, 1925:
<br />
<br /> Recomm~udztion of the M~nager that he be authorized to substitute the amount of $58,362.18
<br />for $48,177.22, as m compromise settlement for the interest d~e the United States on account
<br />of improvements m~de by them to the ~Y~ter Dep~rtment.
<br /> it is recommended that the ?~neger be authorized to offer the United States Govern-
<br />ment $58,362.18 as co~Lnromise settlement for said interest~
<br />
<br />(Signed) L.G. White, Ohairmsm.
<br />
<br /> On motion of Mr. Smith, seconded by 2~r~ Brooks, the report of the 0ommlttee was adopted,
<br />and by the following, vote:
<br /> Ayes-- Brooks~ Hutchins, Smith, Stewart (J~R.),
<br /> White, 5-
<br />
<br /> There not being sufficient Oouuoilmen present to adopt the Water Bond Ordina~oe, with
<br />eme=gency clause, Mr. Brooks moved that the Council adjourn until 5 o~clock, July 30th, 1924,'
<br />to consider the W~ter Bond Ordin~uce. Adopte~o
<br />
<br />
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