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356
<br />
<br />1918
<br />
<br />At an adjourned regular meeting of the City Council December 20th there were present:
<br />
<br /> Messrs--T. A.-Buntmng,' M. P. Claud, W. H. Culpepper, C. D. Deans, J. T. Hanvey, C. H. Herbert,
<br /> E. H. ~right,~ 7.
<br />
<br /> Whereupon, the following ordinance presented by R. M. Grant & Co., which l~ad been laid over
<br />December l~Vth until this meeting of the body, was taken up:
<br /> AN 0RDI_%~ANCE IN ~LATION TO THE ISSUE
<br />A}~D SaLE OF WATER B01~-DS PURSUANT TO THiS AUTHORITY CONFERRED BY AN 0RDII{ANCE RIgiDITY: ~'AN 0RDI-
<br />NANCE TO AUTHORI~ T~ iSS~ 0F ~0 ~ILLION A~ SE~ R-Ji~D~-D THOUSA~ DOLL&RS OF BONDS TO BE
<br />KNOWN AS 'WATER BONDS! PURSUANT TO ~ECTION 127, ~CLAUSE B, OF T~iE CONSTITUTION OF V~GINIA,'-w ' A~
<br />AN ACT OF T~ GEi~ERAL_ASSE~BLY OF VIRGINIA, APPROVED MARCH I8, 1§18, ENTITi~L~), ~AN ACT TO AUTHO-
<br />RIZE T~ COUNCILS 07 Tb~ ~L CITIES OR TO~NS 0F T~ STATE TO ISSUE B01~DS FOR A SUPPLY OF
<br />WATCH OR 0~ SPECIFIC ~ERTAKIN~ FROM WHICH T~ CITY 0R TO~.~N ~&gY D~RItNE ~ ~VE~MNE, PD~SUANT
<br />TO ~CTION 0~E T~fENTY-SA~ B 0P TP~ C0~STITUT!0N OF VLRGINL&,'" ADOPTED SEPtemBER 10, 1918,
<br />~P~-~_R0? BY ~.~NAJ?RtTY OF THE QU%LIFiED ¥0TERS OF ~ CITY OF PORTS~0UT~, VOTZNG UPON THE
<br /> ~:~'f'~0N AT AN ELECTION ~LD NOVE~;~ 5, 1918: MAKING PROVISION FOR THE FORM OF SAID BONDS~ ~THE
<br />APPLICATION OF TItE PROC~S AND THE PAY%4ENT THEREOF.
<br />
<br /> 0n motion Of Mr. Herbert, seconded by Mr. Deans, section ~ of the ordinance was ~mended ~o
<br />read as foliows:
<br /> ~Section ~. The prOCeeds of the ~ondS authorized to be issue~ and sold by
<br />tlmis ordinance shall be paid to the Portsmouth, Berkley and Suffolk Water Company upon the de-
<br />liverv of a deed of the said waterworks system and all property rights and franchises co~m~ected
<br />therewith to the City of Portsmouth, Virginia.~
<br />
<br /> Then on motion of Mr. Wright, seconded by Mr., Bttutmng, the ordinance was adopted, as smend-
<br />ed, and by the following ~ote:
<br /> Ayes-- Bun~ting, Cia. ual, Gulpepper, Deans, Hanvey,
<br /> Herbert, V~rzgh~t, ~.
<br />
<br /> By unanimous consent, the following resolution was presented by ~. Herbert and u_nder the
<br />rules of the Council, s~ae was ordered to lie on the table until a special meeting to be held
<br />December 26th:
<br /> ~Be It Remolvedby the Council of the City of Portsmouth, ~nat the Finance De-
<br />partment negotiate fottB notes of the City of Portsmouth, Va.,
<br />
<br /> Thirty-seven Thousand Five Hur~lred Delia, s ($37,800.00) each, date December 27th, 1918,
<br />payable thirty days s~ter Gate bearing interest at six per cent. That said notes be issued
<br />for part payment for purchase of Portsmouth, Berkley and Suffolk Water Company,
<br />
<br /> Resolved Further, That the-T~easurer and City Clerk and Auditor be authormzed to execute
<br />said notes in behalf of theC~ty,' ~
<br />
<br />On motion,
<br />
<br />adjourned,
<br />
<br />C Tv CLE~.~ A~D
<br />
<br />December 26, 1918
<br />
<br />At a special meeting of the City Council December Z6th there
<br />
<br /> M~srs-- M. P. Claud, .~. H.' Cutpepper, C. D. Deans,
<br /> J. ~. Hanvey, C. H. Herbert, E. H. ~rmoht, 6.
<br />
<br />T~e followin~ directions were read for the special meeting:
<br />
<br />were present:
<br />
<br />L. C. Brinson,
<br />
<br /> City
<br />
<br />Clerk & Auditor,
<br />
<br />"Portsmouth, Va.,
<br />
<br />December 2~, 1918.
<br />
<br /> City.
<br /> ~Dea~ Sir:--
<br /> You ~i!l please~eall a special meeting of the City Council for Thursday,
<br />December ZSth, V o'clock P. ~., to consider adoption of the resolution authorizing the Finance
<br />Department to negotiate four notes for $57,500. each, for part payment for ourchase of the
<br />Portsmouth, Berkley & Suffol~Water Company, which resolution had been ordered to lie on %he
<br />table December Z0th.
<br />
<br />Very respectfully,
<br />
<br /> ~J. T. Hanvey, President.'~
<br />
<br /> Whereupon, the ~call" having been read, the following resolution w~hfch had been ordered
<br />· $o lie on the table December 20th was taken up and read:
<br />
<br /> B . "Be It Resolved by the Cotuucil of the
<br /> r of ~ortsmouth, ~t the Finance Department negotiate four notes of the
<br />
<br />
<br />
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