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<br />14
<br />
<br />TUESDAY
<br />
<br />FEBRUARY 28, 1967
<br />
<br />-
<br />
<br />WHEREAS, Rapid Transit Company, Inc., Martinsville, Virginia, has
<br />notified Martinsville City Council of Rapit Transit Company's
<br />intention to dissolve said Rapid Transit Company and its operations
<br />and, in so doing, to relinquish the rights granted by said Council
<br />unto said Company by llpublic passenger transportation" franchise
<br />dated September 28, 1954, and expiring September 28, 1969; and
<br />
<br />WrlEREAS, said Rapid Transit Company is being superseded by City
<br />Transit Company, Inc., a corporation with the same principals; and
<br />
<br />WHEREAS, under date of February 28, 1967, the City of Martinsville
<br />and said City Transit Company have entered into a lease agreement
<br />for the operation of a local ttpublic passenger transportationrl
<br />system, with the use of seven new busses purchased by the City of
<br />Mart~nsville under the Federal Government's Urban Mass Transportation
<br />Act of 1964; now, therefore,
<br />
<br />BE IT RESOLVED by the Council of the City of Martinsville, Virginia,
<br />in regular meeting assembled this 28th day of February, 1967, that
<br />it doth hereby release Rapid Transit Company, Inc., from all terms
<br />and conditions of said franchise dated September 28, 1954, subject
<br />to the continuing guarantee that said Rapid Transit Company shall
<br />save harmless the City of Martinsville from any and all claims and
<br />damages until said Rapid Transit Company shall have been completely
<br />dissolved and shall have discharged all of its obligations, known and
<br />unknown.
<br />
<br />In recogn~tion and appreciation of the assistance rendered by the Honorable
<br />
<br />William M. Tuck, Member of the United States Congress from Virginia's Fifth
<br />
<br />Congressional District, in connection with the City's application for Mass
<br />
<br />Transportation funds toward the purchase of the seven new busses, Council
<br />
<br />adopted the following resolution:
<br />
<br />WHEREAS, under date of April 12, 1966, Martinsville City Council
<br />authorized the filing of an application with the Department of
<br />Housing and Urban Development, of the United States of America,
<br />for funds or a grant lli1der the Mass Transportation Act of 1964
<br />toward the purchase of seven new busses to insure a continuation
<br />of public transportation for the citizens of Martinsville; and,
<br />
<br />WHEREAS, during the course of the processing by said Federal
<br />agency of said application, as well as of numerous exhibits and
<br />docmnents subsequently required, the Honorable William M. Tuck,
<br />Member of the United States House of Representatives, has assisted
<br />the City of Martinsville in countless ways and by most able
<br />representation, now culminating in the delivery of said busses to
<br />the City of Martinsville; now, therefore,
<br />
<br />BE IT RESOLVED by the Council of the City of Martinsville, Virginia,
<br />in regular meeting assembled this twenty-eighth day of February, 1967,
<br />that it doth hereby publicly and gratefully acknowledge these out-
<br />standing services rendered by the Honorable Mr. Tuck in the City's
<br />behalf and doth tender this expression in sincere appreciation therefor.
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