Minutes 12/22/1959 - Laserfiche WebLink

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1~ TUESDAY DF.XJEMBER 22~ 1959 ",,-, matter, Council called for a duly-advertised public hearing on the proposed rezoning to be conducted at Council's meeting of January 12, 1960. Council acknowledged receipt of notification by the state Compensation Board of its allowances for 1960 for the several local constitutional offices. /- Council placed the following ordinance--carrying the approval of the City's bond attorneys (Reed, Hoyt, Washburn & McCarthy, 52 Wall Street, New York 5, New York)-- on first reading, as follows: AN ORDINAN::E AUTHORIZING THE ISSUAN::E OF #2,500,000 OF BONDS OF THE CITY OF MARTINSVILIE TO FINA~E THE COST OF IMPROilING THE CITY'S SEWAGE DISPCSAL SYSTEM AND PROVImNG FOR THE SUBMISSION OF THE QUESTION OF ISSUING SAID BONDS TO THE QUALIFIED VOTERS OF THE CITY. WHEREAS, the City of Martinsville has, for ma.ny years, maintained am operated a sewage disposal system fer the collection and disposal of sewage, and the Council of said City deems it advisable that said sewage disposal system shall be improved in the manner hereinafter set forth; ard .-'."-'" WHEREAS, said City has been deriving a reveme from the operation of such sewage disposal system and such sewage disposal system is now and, when it has been improved in the manner hereinafter set forth, will be a speoific undertaking from which the City may hereafter derive a revenue within the meaning of Seotion 127 of the Constitution of Virginia; NOW, THEREFCRE, BE IT ORDAINED by the Council of the City of Martinsville, Virginia, as follows: Seotion 1. The Council of the City of Martinsville has ascertained and hereby determines that the public interest requires that the sewage disposal system maintained by the City shall be improved by oonstructing and equipping a sewage treatment plant to be looated on a suitable site, and by constructing the intercepting sewers recessary to conneot the City's existing sewage disposal system with such sewage treatment plant, and by construoting additional sewers needed for the collection of sewage, and by acquiring the lands or rights in land required fer the making of such improvements, and that it is expedient that said City shall borrow money and contract indebtedness and issue its bonds, as hereinafter provided, to finance the cost of such improvements.