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350.
<br />
<br />February S, 1915.
<br />
<br />R. C, P.
<br />
<br />adopted therefor:
<br /> Resolved, That the Treasurer be, and he is hereby, authorized to make notes
<br />in The Merchants & Farmers Bank, The Bank .of Portsmouth, the Bank of Tidewater, and The First
<br />National Bank of Portsmouth, to amount of Twenty Thousand Dollars ($80,000.00), to meet Current
<br />Expenses for February, 1915; said amount to be repaid from revenues of the City for the current
<br />year.
<br />
<br /> Resolved, That the Treasurer be, and he is hereby, authorized to make notes in The Merchants
<br />& Farmers Bank, The Bank of Portsmouth, the Bank of Tidewater, and The First National Bank of
<br />Portsmouth, to amount of Ten Thousand Dollars ($10,000.00), to meet School Expenses for February,
<br />1915; samd amount to be repaid from revenues of the City for the current year.
<br />
<br /> A statement from the Auditor of coupons becoming due~in January and Feb~aary~ 1915. We report that payment for these coupons has been provided for.
<br /> And in this comuection, it is recommended that the Auditor and Treasurer be instructed
<br />that in future, payment for coupons shall be arranged for at least 60 days in advance of date
<br />when they may become due.
<br />
<br /> To make available appropriation allowed in the Budge~ for hose, hose_expander and couplings~
<br /> Progress.
<br />
<br /> Bills of the Portsmouth Star against the Sixth and Seventh Wards to amoun~ of $1~.50 and
<br /> $149.00, respectively, for advertising the Delinquent Tax List.
<br /> It is recommended that these bills be paid, out of the first funds available to the
<br /> said Wards.
<br />
<br /> Resolution with regard to the City Collector and City Treasurer depositing funds o~ the
<br /> City equally or as near equally as practicable, betwee~ the.fom~ banks of the City.
<br /> It~is recommended that the resolution presente~ to the Common Council January 18th,
<br /> 1915, in regard to the depositing of funds in the several City banks, be adopted (See records
<br /> of the Common Council January 18th, page ~47).
<br />
<br /> A petition of the No~foik Society for the prevention of Cruelty to Children for an appro-
<br />priation of $850.00, to take care of indigent children from Portsmouthfor
<br /> It is recommended that said petition be allowed, and an appropriation to amount of
<br /> $8~0. be allowed.
<br />
<br /> Recommendation o~ the Street Committee that $1,4~5.15 be allowed to F. J. McGuire for work
<br /> done on upper High street.
<br /> It is recommended that said amount be allowed.
<br />
<br />Referred by Board of Aldezmen January P~th.
<br />
<br /> (And City Attorney, with power to act) A communication from J. Davis Reed, member of the
<br />House of Delegates, calling attention to a bill proposed by the Tax Revisiom Committee to amend
<br />the present law taxing water, heat, light, and power oOmtmsnies.
<br /> We report that no action is necessary on this matter.
<br />
<br /> To consider the advisability o~ borrowing $33,000. from the Sinking Fund Commission.
<br /> It is recommended that the Boa~d of Sinking Fund Commissioners be appliedto for
<br />loan to the City of such funds as it may have on hand.
<br />
<br /> A petition of C. E. Grant to be relieved from payment of delinquent taxes on her property
<br />at ~4~09 South street. Progress~
<br />
<br />Matter of charging the cost of improvement of Pearl street.
<br /> It is recommended that this matter be referre~ to the Street Committee.
<br />
<br /> A petition of Ralph Bendcn~ policeman, to be paid $5S,75 for 81 1/8 days lost from duty
<br />on account of injuries received in the ~lne of duty~
<br /> It is recommended that said petition be granted, and that the appropriation be allowed.
<br />
<br /> Authorized to arrange for taking ca~e of City coupons due February Ist, 1915.
<br /> ~ee report under section above that payment of coupons becoming due in January and
<br />Febru~vy has been provided for.
<br />
<br /> (With Sewerage Committee)_ Natter o~ a telephone for the Chief Engineer of the Sewerage De-
<br />partment.
<br /> It is recommended that.this matter be referred to the Sewerage Committee for conside-
<br />ration.
<br />
<br /> Your Committee respectfully reports that in accordance with ordinance recently passed,
<br />$800,000. two year 8% no~es have been issued and the issue sold to Ness. J. Co Nayer & Co. of
<br />Cincinnati, 0., at par, less 1% brokerage. Notes were dated January lst~ 1915, and accrued in-
<br />terest from date of~notee to January ~Oth em which datedelivery was made through the Merchants
<br />& Farmers Bank of Portsmouth and the German NatiOnal B~uk of Cincinnati, 0., amounting to $1,000.
<br />was deducted from the brokerage.
<br /> The $800,000. received from the Ger~u National Bank of Cincinnati was deposited in
<br />the fou~ local banks, so divided as to reduce the amount of City's paper held as ~o December
<br />
<br />31st, 1914, to the same amount, as follows:
<br />
<br />Merchants & Farmers
<br />Bank ef Portsmouth
<br />Bank of Tidewater
<br />First National
<br />
<br />Amount ~eposited.
<br />
<br />~68,800.89
<br />
<br /> 5Z, 081.86
<br /> 40,908,88
<br />
<br />$~00,000.00
<br />
<br />Balance Du~.
<br />
<br />041.13
<br />041, iS
<br />041. lB
<br />041, !8
<br />
<br />$48,164.50
<br />
<br />
<br />
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