|
187
<br />
<br />September 19, 1911.
<br />
<br /> "Not only has $12,000 more than provided for in the budget been expended, but several of the De-
<br />partments have already expended all that was appropriated for their use ~nd will need more funds dur-
<br />ing the balance of the year, and there are several emergency needs that must be provided for, s~eh as
<br />repairs to sidewa~Iks, etc.
<br /> "Respectfully,
<br /> "J. ~avis Reed,
<br />
<br />"August 19, 1911."
<br />
<br /> The veto 6f the Mayor having been read and his reasons therefor, the Chair put the question,
<br />"Shall the action of the Board el;Aide,men on August 15, 1911 concerning said appropriation stand as
<br />recorded, notwithstanding the veto of the Ma~or to the oontrary?~
<br /> Whereupon, s~id former action of the body w~s re-affirmed, and by the following vote:
<br /> Ayes--Talker, Williams, Moore, Langhorne, Ballentine, Adams, Privett, Montague, 8.
<br /> Nays--None.
<br />
<br /> The Mayor disapproved also of a resolution adopted by the two branches of 0ouneil .August 8-155h,
<br />"To advance $15,000 tc the Seventh Ward for its street improvements, the said Ward to pay 6% interest
<br />on said amount until it is redeemed by its next bond issue," giving the following reasons therefor:
<br />
<br /> "I disapprove of the advancing of $15,000 to the Seventh Ward, because it is bad policy to make
<br />expenditures in anticipation of the sale of bonds.
<br /> "The demand for bonds varies and there is no certainty when the bonds eau be sold and the City
<br />may in~ure its credit or impair its borrowing capacity by making this ~dvanee.
<br /> "Such a policy also gives those who bid on bonds ~n opportunity to "bear" the prices, knowing ms
<br />they may that the city must have themoney te be raised by the bond issue.
<br />
<br />"Respectfully,
<br />
<br />"J. Davis Reed,
<br />
<br />Mayor. ~
<br />
<br />In connection with said disapproval, the following eommuni~ation from the Nmyor was rezd:
<br />
<br /> ~Portsmouth, V~., 9th September, 1911.
<br /> "The 0ouncil.
<br /> "Gentiemen:-~
<br /> ~'I would respectfully ask that that part of my veto referring to
<br />the borrowing by %he oi~y of $15,000 for the Seventh Ward Board of Public ImpMovements, be not eon-
<br />sidered by your honorable body.
<br /> "Since vetoing this resolution I have been advised by the Chairman of the Seventh W~rd Board
<br />that advertisements had been prepared asking for street improvements, which would reouire what funds
<br />~6'~Board then had in hand as well as the $15,000, but that T~heF would not need the ~15,000 until
<br />next ~ear, and for this reason I wish to withdraw the veto, b~t with the understanding that the said
<br />sum of $15,000 is not to be borrowed ~ntil after December ~lst, 1911.
<br />
<br />"Respectfully,
<br />
<br />"J. Davis Reed,
<br />
<br /> Thereupon, on motion, the reGuest Of the Mayor, as set forth in said communication, was substi-
<br />tuted for the veto, and by the following vote:
<br /> ~&¥es--Walker, Williams, Moore, Langhorne, Ballentine,
<br /> Admms, Privett, Montague, Murry, Nicholson, lC.
<br /> Nays-None.
<br />
<br />Third. Reports of Officers and other unfinished business.
<br />
<br /> Thee re~lar reoorts of Officers for August were presented ~nd were ordered to take {he ~sual
<br />Oourse.
<br /> NEW BUSINESS.
<br />
<br />The following resolution from the Board of Water Com~aissioners was presented and read:
<br />
<br /> "~iEP~AS,~ the Council
<br />of Portsmouth~ V~., to acquire,
<br />
<br />of the 0it¥ of Portsmouth, Va., deems it expedient for the said City
<br />for public purposes, the following real es%ate, to-wit:
<br /> "~l~at certain
<br />
<br />tract, piece, or parcel of land: with its mppurtenanees and all other rights appertaining thereto~
<br />s{tuate, lying ~nd being in Deep 0reek N~gisterial ~istrict, NorfoLk County, V~ginia, and bounded
<br />
<br />and described as follows:
<br />
<br />Beginning at a point, the same being the intersection of the
<br />northern boundar~ of the right of way of the 5~ke Drummond
<br />Camal and Water Oompar~v% feeder, or the ~rolongation thereof
<br />in a westerly direction, and the ems~ern boundary of ~he
<br />property now, or formerly, belonging to V~. N.. Camp, and
<br />from thence running northerly and binding on th~ .said~eaet-
<br />ern boundary of the p~operty now, or forermly~ belonging
<br />
<br />
<br />
|