Minutes 07/11/1967 - Laserfiche WebLink

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19 TUESDAY JULY 11,1967 c<'- of $2,500,000 of bonds of the City of Martinsville to finance the cost of improving the City's sewage dispasal system and providing for the submission of the question of issuing said bonds to the qualified voters of the Cityll, adopted by the City Council of Martinsville on January 26, 1960, in anticipation of the receipt of the proceeds from the sale of the bonds authorized to be issued by said bond ordinance; (2) A negotiable note of the City in the aggregate principal amount of $650,000 shall be issued for all moneys borrowed pursuant to this resolution. Said note shall be numbered 6, dated June 30, 1967, payable October 31, 1967, and shall bear interest at the rate of 3.50% per annum; and ,- (3) The Mayor and the Clerk of Council are hereby authorized and directed to cause said note to be prepared and to execute said note and to deliver same to the Piedmont Trust Bank, Martinsville, Virginia, in exchange for said $1,200,000 note dated May 9, 1967. Having received, from time to time, allegations that the continued practice of allowing vehicular parking along the south side of Mulberry Road, between Rives Road and Spruce Street, constitutes hazards to traffic safety, Council brought this matter up for discussion and for consideration of whether to conduct a public hearing if it is proposed to discontinue such parking. Several citizens residing in this block, including Mr. 1. M. Groves and Mr. J. E. Zentmeyer, appeared before Council and vigorously protested any such proposal, expressing the conviction that observation by tourists of speed-limit regulations along this street would obviate their traffic hazard allegations. In addition, these citizens pointed out that removal of parking privileges would leave no space for cars of their guests. Council lItabledll this matter, indicating future study. Upon motion, duly seconded and unanimously carried, Council authorized City Manager Noland to execute--on behalf of the City--contracts or agreements with the Norfolk & Western Railway Company, providing for two sewer line crossings of the railway company's right-of-way in the City's Industrial Park, viz., an eight-inch line near the plant of Continental Can Company and a ten-inch line near the City's elevated water storage tank.