Minutes 01/21/1915 - Laserfiche WebLink

Home Browse Search

108 valid and binding obligation of the City of Portsmouth, Norfolk County, Vir.ginia, have been done, ha~e happened and ~oeen pe~Tormed in regular and due form, time and manner as required~by law; that this issue of notes, together with all other oustanding indebtedness of every kind of the City of Portsmouth, is not in excess of any statutory or constitutional limitation of indebted- ness; that provision has been made for the levy and collection of an annual tax sufficient to pay the interest hereof and to create a sinking fund to redeem the principal hereof at maturity; that the full faith, credit and revenues, a~d all real and persona~l property of said City, are hereby irrevocably pledged for the prompt payment of t~$~ note. and mnterest, as the same mature. IN WITNESS WHEREOF, the City of Portsmouth, Norfolk County, Virginia, has caused this Note to be signed by the President of each branch of the Council and by the City Treasurer, the seal of said City to be affixed, attes~ed~by the City. LO,er.k, and the coupons to bear the fac- simile signature of the City Treasurer at Portsmouth, Vmrg~nia, this first day of January, 1915. PRESIDENT OF THE BOARD OF ALDERMEN OF THE CITY OF PORT~U~OUTH, VIRGINIA. PRESIDENT OF THE CON~ON COUNCIL OF THE CITY OF PORTSMOUTH, VIRGINIA. CLERK OF THE CITY OF PORTSMOUTH, VIRGINIA. TREASURER OF TH~ CITY OF POR~OUTH VIRGINIA. GOD'PON NO. $ Upon the firs~ day .of. January (~uly), the Cit~y of Portsmouth, Norfolk County, Virginia, will pay to bearer., at the Natzonal City Bank in t.he City of. New Tork. , New Tork, the sum of Dollars, being six months interest then due on its mmproveme~t Note, numbered ~ ~-~ed January let, 1915. TREASURER. SECTION t1: BE IT FURTHER ORDAINED that there shall be and is hereby levied annually upO~ all the t&~bte property in the City of P~rtsmouth, a tax in addition to all-other taxes sm~leient to pay the interest on these Notes as the same accrmee and to create and maintain in a sinking fund sufficient to pay the ~rincipal of these Notes at maturity. On motion, the report of the Committee was adopted and bY the following vote: Ayes--Davis, Markham, Flour~oy, Barlcw, Privet%, Wilson, Browne, On motion, adjourned.