Minutes 02/16/1915 - Laserfiche WebLink

Home Browse Search

t15 R. C. P, Februar~ 16, 1915. Resolved, That the Treasurer be, and he is hereby, authorized to make notes in The Merchantsl & Farmers Bank, The Bank of Portsmouth, the Bank of Tidewater, and The First National Bank of ~or~smouth, to amount of Ten Thousand Do$1ars ($10,000.00), to meet School Expenses for February, 1915; said amount to be repaid from revenues of the City for the current year. A statement from the Auditor of coupons becoming due in January and Feb~ua~y, 1915. We report that payment for these coupons has been provided for. And in this connection, it is recom~me~ded that the Auditor and Treasurer be instructed t'hat in future, payment for coupons shall be arranged for at least 60 days in advance of date when they may become due. To make available appropriations allowed in the Budget for hose, hose expander and couplings~ Progress. Bills of the Portsmouth Star against the Sixth and Seventh Wards to amounts of $12~.~0 and $149.00, respectively, for advertising the Deliquent Tax List. It is recommended that these bills be paid, out of the first funds available to the said Wards. Resolution with regard to the City Collector and City Treasurer depositing funds of the City equally or as near equally as practicable, between the four banks of the City. It is recommended that the resolution presented to the Common Council January lath, 1915, in regard to the depositing of f~uds in the several City banks, be adopted (See records of the Common Council January 12th, page ~47). A petition of the Norfolk Society for the Prevention of Cruelty to Children for an appro- priation of $2§0. to take care of indigent children from Portsmouth for 19i5. It is recommended that said petition be allowed, and an appropriation to amount of $~50. be allowed. done Recommendation of the Street Committee that $1,495.15 be allowed to F. on upper High stree$. It is recomm~ended that said amount be allowed. J. McGuire for work Referred by Board of Aldermen January 26th. (And City Attorney, with power to act) A communication from J. Davis Reed, member of the House of Delegates, calling attention to a bill proposed by the Tax Revision Committee to amend the present law taxing water, heat, light and power companies. We report that no action is necessary on this matter. To consider the advisability of It is recommended that the loan to the City of suoh~TUnds as it ~rs. - A petition of^C. E. Grant to be at $$0~ South street. Progress. borrowing.SS3,000, from the Sinking ~und Commission. Board Of Sinkimg Fund Oommissioners be applied to for may have on a relieved from payment of delinquent taxes on her property Matter of charging the cost of improvement of Pearl street. It is recommended that~this matter be referred to the Street Committee. A petition of Ralph Bendon, policeman, to be paid ~53.75 for E1 1/~ days lost from duty on account ef injuries received in the line of dutyj It is recommended that said petition be granted, and that the appropriation be allowed. Authorized to arrange for taking care of City coupons due E~br~ary lsd, 1915. ~ee report under section above that payment of coupons becoming sue in January and February has been provided for. (With Sewerage Committee) Matter of a telephone for the Chief Engineer of the Sewerage De- partment. It is recommended that this matter be referred to the Sewerage Committee for conside- ration. Tour Committee respectfully reports that in accordance with ordinance recently passed, $.~00,000. two year 0% notes have been issued and the issue sold to Mess. J. C. Mayer & Co. of C~cinnati, 0., at par, less 1% brokerage. Notes were dated January 1st, 1915, and acc~ed in- terest from date of notes to January $Oth on which date delivery was made through the Merchants · ~-~E~m~rs Bank of Portsmouth and the German Natmonal Bank of ~inoinnati, 0., amounting to $1,000. was deducted from the brokeCa~e. The SEO0,O00. received from the German National Bank of Cincinnati was deposited in the four local b~ks) so divided as to reduce the amount o_ City s paper held as to December ~let, 1914, to the same amount, as follows: Amount Deposited. Merchants & Farmers $~800.89 Bank of Portsmouth Bank of Tidewater First National 40,908.88 $200,000.00 You~ committee would respectfully recommend that the i~e up the homes held by ~he four local banks as of Dec. ~o~ve shows, deposited in the banks respectively, and the issuing~of one note at ~% interest. for the balance due each bank~ namely~ $12.041o. 1~ to each of th~two first named and $12,041.12 to the two last named banks, when advmsed by the Finance Committee to do so. Balance Due. lB, 041.1~ 12,041.12 $48,164.50 City Treasurer be authorized to 1914, by payment of amounts a- (Signed) E.S. Buries@, Actg. Chairman.