|
26i
<br />
<br />December 2?, 192S
<br />
<br />s~ adoptqd~for the Year 1924~;"
<br />
<br /> On motisn of ~. ~rooks, the resolution was adgpted.
<br />
<br /> The Finance Cow~ittee m~ie the following addm~mon~
<br />
<br />~n. ~Ci~ Cocci!.
<br /> ~entlemen~-- Your Fin~ce Co~ittee respectful~ reports that they h~ve
<br />ceive~ bi, m, as adVe~imed, flor $~19,000~00 City off Po~s~uth Washington W~d ~provement
<br />~0~s, to be ~ted J~ !., 1~24, to F~ture ~n~ 1~- l~5A, an~ t~ ~ear interest at the r~te
<br />of 5% per ~n~; and $ 62,~0W00 Ci~ ~ff Port.curb ~rrison W~d ~revement Bon~s, to be
<br />~ated Janu~ I, 1~2~; to ~t~e J~u~.ry 1, 1954, and to bear inter~st at the rate off 5% pe~
<br />~r~; totaling $981~00~00 of ~cn~s, and rec~en~ t~t the tet~ ~t eft $981,~;00 be
<br />sel~ ~e T~st Comp~ off ~o~e~, as per their bid as fo!le~s ~er $~65~, or ~8.5195n
<br />~er $100A00, ~ acc~ed interest to date off de!ive~y:
<br />
<br /> "Norfo~ Va., Dece~er 27~, 19~
<br />L.O. Brinson, Esq., Ci~ Clerk,
<br />Municipal Building.
<br />Po~outh,
<br />
<br />Sir:
<br /> For the ~ol!oE~g described,leggy issued, properly executed bonds of ~e City of Pods-
<br />mouth, Vi~inia, ~ely $619,00~00 ~ashin~en Ward ~provement Bonds, te be dated J~y
<br />first, 19~, to ~ture J~u~ ~irst, 1954, mhd to bear interest at ~e rate ef five per cent~
<br />per~; s~d $562,00~00 H~'rison ~ard ~prov~ent Bends, to be dated Ja~ fi~t, 19~,
<br />to ~ture JmEa~ ~i~st, 1954, and to bear i~terest at the rate of five per cent~ per
<br />bonds to be coupon bonds of $1,00G~O0 deneF~natien, ~d ~y be registered as to bo~ princi~l
<br />~d int~est, er ~cipat en~; interest p~d s~-a~na!ly in Jm~ ~d July ef each
<br />~d be~ principmi ~d interest p~d in st~n~rd gold coin, or its equiva~mt, in the 0iSy of
<br />Ne~ York. ~N. Y., ~d ~'f~ther described in the official advertisement signed ~y ~e Fin~ce
<br />Cemittee o~ the City Council ~d a~ring in the Dec~ber 2~h, 1923, issue cf "The Dai~
<br />~ond'~er," ~ bid for~ mll,.but for no p~ e~ the a~eve, $98i,~A00 bonds the s~ e~
<br />$966,476.~$, e= 98.5195 per $10G~00 ef ~id bends, ~a ~c~ed imte~est to date of delayers
<br />
<br /> It is ~derstoed t~t we will be ~rnished, without expense ~te us, at t~ t~e of,
<br />prior to, the delivery ef these bonds, the ~tisfacto~, approving leg~ cD.ion of Mr.
<br />C. Tho~on ~ to the leg~ity ef ~is issue.
<br />
<br /> As evidence of our good faith in bidding, we enclose our certified check in the a~unt
<br />of $19,620~00, pa~ble to the order of Er. Ho L~ I!ud~ins, Treasurer of the City of Portsmouth,
<br />Virginia, If this proposal is accepted, this '~he~ is to be applied as part payment ~er the
<br />above $98t,000.00 of bonds, otherwise it is to ~edi~tely returned to
<br />
<br />Respectfully submitted,
<br />
<br /> TRUST C0~PANT OF
<br />
<br />By Al. Eggleste~,
<br /> Assistant Treasurer."
<br />
<br />(Signed)
<br />
<br />L. G. White, Chaimano
<br />
<br /> On motion of N~. Stev~rt (J.R.), seconded by Er. Hutchins, ~the report of the Committee
<br />was adopted, and by., the fello~ring vote:
<br />
<br />Ayes-- Brooks, Hutchins,~ 0dst, Smith, Stewart (J.R~),
<br /> Stewart (R,E .B. ), White, ?.
<br />
<br /> The following ~ommunic~tions were read from the City Manager:
<br /> 1st. Trs~usmitting ordinance
<br />~rohibiti~g roller skating on certain streets of the City ~nd prohibiting it after 9:00
<br />o ' clook.~,~, .
<br /> ~An 0rdinanee Restricting Roller Sk~timg ,in the City of Portsmouth. Va.
<br />
<br />On motie~of ~r. Brooks, the ordinance was placed on its first reading~
<br />
<br /> 2nd. "In. accordance with authority of the Council, I offered Ers. Etta F. Culpepper $?§.00
<br />for ~ parcel of la~d 25 x 78 ft. between Day St. and the Cooke E~ta~e, smd $150~00 fora
<br />parcel of land en the east side of N~ple Ave. with a frente~e of 25 ft. on,plo Ave. m~t~ndi~g
<br />back to Day St. an ~pproxim~te length of ~0 ft., the total of the two offers being
<br />
<br /> i am now informed by2Lr~. ~lpepper's mgent that ~he will accept $400.0G for the
<br />two parcels. Ih ave gene into the m~tter somewhat in d~tail wmth the City Attorney and he and
<br />I are both of the opinion that condemnation proceedings will result in at leas~ a total expense
<br />of $400~00 to the City and I therefore recommend that I be authorized to accept Mrs. Culpepper's
<br />proposition,
<br /> This land is needed ~or right of way for o~ sewer system and ~i'll form pa~t of
<br />the continuation ef Race Ave. extending from~ple Ave. ~e the p~esent w~sterm termin-ation of
<br />!q~Oe Ave."
<br />
<br />mo~mon,,,~Yhe communication was referred to the Finance Co~mi~te~o
<br />
<br /> 3rd. Reco~k~ending passage of the
<br />
<br />or the Carrying of Lighted Cigarettes,
<br />Terminals and Cabins ef Ferry Boats.
<br />
<br />following ordinance:
<br />~igars~ Pipes, Etc.
<br />
<br />An 0rdin~nce Prohibiting Smoking
<br />into the Waiting Rooms of Ferry
<br />
<br />
<br />
|