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<br />16 <br /> <br />TUESDAY <br /> <br />NOVEMBER 26. 1957 <br /> <br />Counoi1 acknovledged reoeipt through City Attorney Stone or the State's <br /> <br />Attorney General's opinion rendered in response to the City's inquiry <br />concerning the investing or (sohoo1) bond proceeds, the Attorney General <br /> <br />ruling that suoh monies can be invested onl;,- in the manner in vhich public <br /> <br />sinking runds are invested under the Virginia statutes. City Manager <br />Hirst reported that a current study or the local school building program <br /> <br />and financial requirements is being made as an investment guide for COWlci1' s <br /> <br />consideration. <br /> <br />Pursuant to duly-advertised public notice Council conducted a public hearing <br /> <br />on Mr. C. M. finney's petition requesting the rezoning ot certain or his <br />property on or adjacent to Sellers Street frOll "B-1 Business" to ".&-2 Residential". <br /> <br />Counoi1 J10ted that no opposition vas expressed and, upon motion, duly seconded <br /> <br />and unanimously oarried, granted Mr. finney's request by enacting the folloving <br /> <br />ordinance amending the City's Zoning Code 8D,.d Mapa <br /> <br />BE IT ORDAINBD b;r the Council ot the Cit;,- of Martinsville, Virginia, <br />in regular aeeting assembled this 26th day or November, 1957, that <br />the here-in-after described property be and is hereby rezoned from <br />"B-1 Business" to "A-2 Residential": <br /> <br />A strip ot property )00 feet in length by 89 feet in depth <br />lying on the East side of and adjacent to Sellers Street, <br />110 reet North of the Norfolk & Western Railway right-of- <br />Yay presentlY' zoned B-1 and B-2 Business, being the western <br />portion of property sold at auction by the City of <br />Martinsvil1e, June, 1955. <br /> <br />An ellergency existing, this ordinance aha11 be in force from date <br />ot passage. <br /> <br />Continuing its consideration of Mr. E. G. Ramsey's rezoning petition on vhich <br />a pub1io hearing vas conducted by Council on November 12, 1957, and in <br /> <br />compliance with Mr. Ramsey' _ &DI8nded request presented in person, Council <br /> <br />accepted Mr. Ramsey'_ petition-upon the condition that a la-foot set-back <br />will be observed and in force on Cherry Street-by enacting the following <br /> <br />