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R. C. P.
<br />
<br />January '11, 1~21
<br />
<br /> M~ Brooks offeredu~he
<br />
<br />of this Council ~o suppress
<br />City of Portsmouth and,
<br />
<br />foilowinE resolution, which was adopted:
<br />
<br /> "WHEREAS, It was a pledge
<br />gambling and boot-legging and to maintain law and order in the
<br />
<br /> "~HEREAE, The various directors, officials and personnel of the Police Dept. have been
<br />specifically instructed to cope with this situation and,
<br />
<br /> "WHEREAS, A personal attack upon an official of the City
<br />is ~ot only a direct affront to law and order but lsa direct
<br />of this City in its efforts to better conditions and,
<br />
<br />in the discharge of his duty
<br />slap at the legislative body
<br />
<br /> "~REAS, It is alleged that Austin Etheridge did on December 2~, 1920, personally attack
<br />J. Davis Reed, Director of Public Safety, apparently by reason of the latter's manifest inter-
<br />est in local conditions and his efforts to carry out the pledge of the Council.
<br />
<br /> "BE IT T~REFORE RESOLVED, That the City Council pledge its fullest support to the City
<br />Manager and the Director of Public Safety in their efforts to enforce law and to preserve
<br />or,er and
<br />
<br /> "BE IT FURTHER RESOLVED, That the City Attorney be directed to appear in the Cou~t of
<br />Hustings at the proper ~ime as counsel for J. Davis Reed, Director of Public Safety, to assist
<br />the Commonwealth A~torney in the prosecution of charges against said ~tner~dge.
<br />
<br />Mr. Brooks offered the following resolution, and same was adopted:
<br />
<br /> "WHEREAS, The p~st 2~ hours of Portsmouth's history have brought to light certain serious
<br />violations of our l~ws,
<br />
<br /> "~HEREAS, It is with pleasure and accord that the Council receives this report of the ac-
<br />tion of its officials and citizens,
<br />
<br /> "THEREFORE, BE ~T RESOLVED, That the City Manager be instructed to procure, with the con-
<br />senm and approval of the Commonwealth Attorney, whatever legal assistance he may deem neces-
<br />sary to assist the Commonwealth in prosecuting the various vice oases that have ~isen from
<br />the recent aotivities.~
<br />
<br /> At this point, the Finance Committee made the following ~epo~t on issue of $600,000.
<br />Portsmouth, Va., Improvemen~ Bonds,referred December 14th, 1920:
<br />
<br /> "Your ~inance
<br />these bonds at ~he
<br />ary l, 1951.
<br />
<br />Committee beg leave ~o report that they advertised extensively the sale of
<br />interest rate of 5 and 5 1/2%, bonds to be d~ted January l, 1921, due Janu-
<br />
<br />"The following bids were received for the purchase of t~ese bonds, interest at 5 1/~%:
<br />
<br />"Bank of Tidewater, for $20~000.00, par and accrued interest.
<br />
<br />"R. N. Grant & Co., 90.037 or $900.37 per $1,000. Bond.
<br />
<br />"Eldmidge & Co. )
<br />Stacy & Braun )
<br /> Field, Richards & Co.)
<br />
<br />$562,865.00 for the $600,00~. Bonds; delivery to be made: ~
<br />$100,000. when bonds are re~dy: ~l~O,O00. ~ dmys from that date;
<br />$100,000. 60 ~ay~ from that da~e; ~100,000. ~0 ~ays from that
<br />date; $100,000. X20 days from that d~te; $100,000. 150 days from
<br />that date.
<br />
<br />Leach & Co.,
<br />
<br />Inc., as follows:
<br /> 1st. "Will pay $600,000., which is 100~ and accrued
<br /> interest, less $Z8,980. for expenses in connection with the sale
<br /> of thi~ issue b~ us for $600,000. City of Portsmouth, Va., Im-
<br /> provement 5 1/~ Bonds, to be dated January l, 1921, ~nd to
<br /> tlLre J~n~ry 1, 1~51, without option of prior redemption. Bonds
<br /> ~o be in co~on form with the privilege of registration in
<br /> $1,000. denomination, both principal ~nd int~r~t to be m~de pay-
<br /> able in New Y~rk City.
<br /> The approving~leg~l opinion of John C. Thomson, Esq., is to be
<br /> furnished to us prior to delivery without cost to us or full
<br /> papers evidencing to the satisfaction of our attorneys the legal=
<br /> ity of these bonds and the authority ~o levy sufficien~ taxes
<br /> for the paymen~ of the principal and interest thereof are ~o be
<br /> furnished to us prior to the delivery of the bonds.
<br /> We enclose herewith our certified check for $6,000. payable
<br /> to the order of H. L, Hudgins, Treasurer of the City of Ports-
<br /> mouth, Va,, which check is to be returned to the undersigned
<br /> if this bid be not mccepted, otherwise, it is to be deposited
<br /> by said City, and when the bonds ~re delivered and paid for under
<br /> the terms of this bid, is Zo be conside~red as an advance
<br /> payment therefor, or ~o be ~etained as and for liquidated dama-
<br /> ges in case we fail to take up and pay for the bonds.
<br /> Bid is made with the understanding that we will have the right
<br /> mo take up and.pay for these bonds as we well them but we will
<br /> agree to take up and pay for $200,000. whenever the bonds are
<br /> read~ for delivery, $200,OO0.'within thirty days after delivery,
<br /> and $200,000. within sixty days after bonds are ready for deliv-
<br /> ery~ or w? will take up and pay for all the bonds when read~ at
<br /> lO~/o ~nd interest less the sum of $34,980. £or our ~xpenses?
<br />
<br />
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