Minutes 11/09/1982 - Laserfiche WebLink

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t'" '" .; ..) ~. \,,.' . TUESDAY NOVEMBER 9, 1982 the customer's bill will be forwarded to the customer's bank for direct debiting to the customer's checking account. The customer will receive a duplicate of the bill, stamped "Advisory Notice", three to five days before the original of the bill is processed by the bank. Upon receiving the bill, the bank will handle it as though the bill were a check, debiting the account and forwarding payment to the City Treasurer within three working days. The customer's portion of the bill will be forwarded by the bank to the customer in accordance with the bank's standard procedures. In the event a bank returns a debit bill, the customer will be required to pay a $10.00 service charge. Should a second such incident occur, a service charge of $10.00 will be required and the customer's option for Direct Payment (Debit) by Bank will be terminated. Upon motion, duly seconded and unanimously carried, Council approved (for execution by City Manager Edmonds, on the part of the City) the following Agreement of Sale by which the City will acquire from Appalachian Power Company its distribution facilities and residential customers in the area annexed by the City from the County of Henry on January 1, 1965: THIS AGREEMENT, dated as of this 9th day of November, 1982, by and between THE CITY OF MARTINSVILLE, VIRGINIA (the "City"), and APPALACHIAN POWER COMPANY ("Appalachian"); WITNESSETH THAT: WHEREAS, Appalachian presently serves various customers in the City located in an area annexed by the City from Henry County in 1965; and WHEREAS, the City desires to purchase, and Appalachian desires to sell, certain distribution facilities owned by Appalachian; NOW, THEREFORE, for and in consideration of the mutual covenants herein contained, the parties hereto agree as follows: