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R. C, P.
<br />
<br />January SI:, 1515.
<br />
<br />the contract with Nr. Dunkum for the removal of same.
<br /> It is recommended that this matter be referred to the City Attorney.
<br />
<br /> A request of the City Clerk for an increase of salary beginning January let, .1915.
<br /> We report that an~increase of salary to amouet of $1S0. per year is provided in the
<br />Budget for 1915 for the City Clerk.
<br />
<br />Matter of obtaining a copy of "Jefferson,s Nanual" for use of the Council.
<br />
<br />Progress.
<br />
<br /> An increase of salary for the Physician to the Poor.
<br /> We report that an increase of salary to amount
<br />Budget for 1915 for the Physician to the Poor.
<br />
<br />of
<br />
<br />per year is provided in the
<br />
<br /> An increase of pay for the assistant engineers at the Sewer Power House.
<br /> We report that an increase of pay to amount of $80. per year each is provided in the
<br />Budget for 1915 for the two assistant engineers of the Sewer Power House.
<br />
<br /> (Signed) J. ~. Hanvey, Chairman.
<br /> (Signed) E.L. Parlow, Vice-Chairman.
<br />
<br /> On motion, the report of the Finance Committee was adopted and by the following vote:
<br /> Ayes--Davis~ Markham, Flournoy, Barlcw, Privett, Wilson, Browne, ?.
<br />
<br /> It being understood that the repor~ of the Committee as to salaries was not an adoption
<br />of any recommendations therefor.
<br />
<br /> At this point, Nr. Narkham moved a suspension of the rules in order to take up a supple-
<br />ment.ary report of the Finance Committee covering an ordinance and face of note:"for borrowing
<br />the $~00,000. aut'horized by resolution of the two branches of Council December 29, 1914, and
<br />January 4, 1915. The motion was adopted.
<br /> Whereupon, the following was read:
<br /> Hon.
<br />
<br />Common Council--Board of Aldermen.
<br /> Gentlemen
<br />
<br />Finance Committee respectfully report~ that it
<br />
<br />000.00) Dollars as authorized, and respectfully recommend the following ordinance authorizing
<br />
<br />the borrowing of the same:
<br /> eRDtNANOE
<br />
<br />has arranged to borrow Two Hundred Thousand (eEO0,
<br />
<br />OITY OF PORTSMOUTH,
<br />
<br /> BE IT ORDAINED BY THE BOARD OF ALDERMEN AND THE COMMON COUNCIL OF THE
<br />~ VIRGINIA,
<br /> Section 1: That the notes of the City of Portsmouth, Virginia, shall be issued in
<br /> the sum of $~00,000.00 for the purpose of securing funds with which to renew and extend certain
<br />
<br />· existing, valid and binding indebtedness of the City of Portsmouth of like amount which was in-
<br /> ct=red for the~ purpose of carrying into effect the purposes and objects authorized by the char-
<br /> ter of the Oity of Portsmouth, said purposes being specifically~the improvement of certain
<br /> streets in the City of Portsmouth; the lighting of certain streets in the City of Portsmouth,
<br /> and the construction of sewers in said City; and other purposes and objects authorized by the
<br /> ~hart?r~of the City of Portsmouth~ ~aid Notes to be in the denomination of $1,000.00 each; to
<br /> ear~lnmerest at the rate ef six (6) per cent. per annum, payable semi-annually upon January
<br /> 1st and July let, of each year u~til the notes ~ature, and said Notes shall mature January 1st,
<br /> 1917, and shall be in substantially the following form:-
<br />
<br />UNITED STATES OF ~ERICA
<br />STATE OF-VIRGINIA
<br />
<br />COUNTY OF NORFOLK,
<br />
<br />City of POrtsmouth.
<br /> $
<br />SIX ~6) PER 0ENT IMPROVE~ENT NOTE.
<br />
<br /> KNOW ALL MEN BY THESE PRESENTS: That
<br />ginia, acknowledges itself to owe and for value
<br />the first day of January, 1917, the sum of
<br />
<br />the City of Portsmouth, County of Norfolk, Vir-
<br />received hereby promises to pay to bearer, upon
<br />
<br />ONE THOUSAND ( $1, 000) DOLEARS
<br />
<br />in lawful money of the United State of America, with interest thereon at the rate of six'(S)
<br />percent per annum, payable eemi-annuatlyupon the first days of January and July of each year,
<br />until the payment ef the principal hereof, upon presentation and surrender of the proper coupons
<br />therefor hereto attached. Both principal ~and interest hereof are payable at the National City
<br />Bank in the City of New York, New York.
<br />
<br /> · This note is one of a series of two hundred notes of like denomination, tenor and ef-
<br />fect, numbered consecutively one ~o two hundred, both inclusive, aggregating $~00,000.00 in a-
<br />mount and is issued under autho'rmty of the general laws of the State of Virginia,: and the pro-
<br />visions of the charter of the City of Portsmouth, and by virtue of an :ordinance duly passed by
<br />both branches of the Council of~the City of Portsmouth,_.upon the__ day of eanuary, and the
<br /> day of January, 1915, entitled, "Ordipance No. to provide for the issuance of eEO0,
<br />OOO. O0 Notes of the City cf Portsmouth, Virginia, and for the levy of a tax for the purpose of
<br />paying~t~e interest thereon and the.priDciDal aS maturity.". The~e. notes are issued for
<br />pose om corrowing money %o renew ~u= exmena certain ind~o~eduess'incurred to construct sewer's,~
<br />build streets and to carry into effect other purp'oses and objects authorized by the Charter of
<br />the City of Portsmouth.
<br /> It is hereby certified and recited that all acts, conditions and things required by
<br />
<br />
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