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<br />
<br />be protected in its prosperity and g:owth; ama be it further
<br />
<br /> · RESOLVED, That this resolution be given full publicity by the City
<br />
<br />Council.
<br />
<br />On motion,
<br />
<br />~lj eurne d.
<br />
<br />July 12, 1921
<br />
<br />At a ~egular meeting ~ the City Council July
<br />
<br />~essrs-- Vernon Brooks, R. B. Esleeck, J.
<br /> J. H, Hall, Jr.,' R. A. Hu~hins,
<br /> J. Alden Oast, L. G. White, 7.
<br /> Also the City Manager.
<br />
<br />12th there were present:
<br />
<br /> ~. Smith,
<br /> Jr.,
<br />
<br />The minutes of the regUlar meeting June 2~th were read and were approved.
<br />
<br /> In accordaace with condition T6r' sale of a franchise for operation of a passenger bus
<br />line between the City of Portsmouth and the City of Suffolk, the following bids were re~eived
<br />and read:
<br /> "Portsmouth, Va., July 1I, 1921
<br /> "We, the undersigned, hereby bid One Thousand and Eleven Dollars ~nd thirteen cents for
<br />Se proposed franchise for a bus linefrom Portsmouth to SuffoXk; said amount to be payable
<br />sm follows: one-fifth in cash & one fifth on Aug? 1, 1922, Aug. 1, 1923, Aug. 1, 1924, and
<br />Aug. 1, 1925. Deferred pmyments to bea~ interest a~ the rate of six per centum per annum.
<br />
<br />"Portsmouth Suffolk Bus Co.,
<br />
<br />By J. T. Rewlaxld, Agent.#
<br />
<br />A. Hu~ohins, Jr., President,
<br /> of the City Council,
<br /> Portsmouth, Virginia.
<br />
<br />Portsmouth,,Va.,
<br />
<br /> "Dear
<br /> I herewith submit a bid of two hundred and fifty dollars ($250.00) for
<br />the ~us franchise between Portsmouth and Suffolk as per advertisement for the Atlanta Bus
<br />Oo~poration.
<br /> "Wm. H~ Oast, Attorney
<br /> for Atlanta Bus Corporation."
<br />
<br />"Suffolk, Va., July 11~ 1921,
<br />
<br />"Mr. R. A. Hutchins, Jr.,
<br /> Pres. Portsmouth 0ity Council,
<br /> Portsmouth, Va,
<br />
<br /> "Dear Sir:--
<br /> We hereby respectfully submit our bid of $1255.00 for a five year exclus-
<br />ive franchise for the operation of a Bus Line to or through Portsmouth in accordmnce with your
<br />a~ivsrtisement. We make this bid conscious of having been advised by counsel thmt you can not
<br />legally grant an exlusive franchise of this nature, however, we prefer to be in. thorough harmony
<br /> with the city and are willing to invest this amount if we can be protected.
<br />
<br /> In the event, of any infringement upon-the franchise and should any later
<br />Cour~ decision destroy the effect of th~ franchise~you will refund to us any sma of,money
<br />which ~e-~,~ay have paid you, and of course further ~pmyments upon the franchise wouId' cease.
<br />
<br /> If the' ~bove bid is accepted, we will expect to pay $~51.~0 annually, in
<br />&dvanoe, and we would not expect to operate the line until the concrete road oetween Portsmouth
<br />and Suffolk has been completed.
<br />
<br />"Very respectfully,
<br />
<br />"R. G. EDGERTON & COMPANY
<br />By R. G. Edgerton."
<br />
<br />Whereupon, the Chair asked if there were any other bids for the purchase of the. said
<br />
<br />
<br />
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