5482 RESOLUTION NO 5,482
A RESOLUTION DIRECTING THE DIRECTOR OF FINANCE
TO ESTABLISH AND MAINTAIN A SPECIAL BICENTENNIAL
ACCOUNT FOR CERTAIN BICENTENNIAL PROJECTS IN THE
CITY OF LITTLE ROCK; AND FOR OTHER PURPOSES
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF
LITTLE ROCK, ARKANSAS .
SECTION 1. The Director of Finance of the City of Little
Rock, Arkansas is hereby authorized and directed to establish
a special Bicentennial Account for the purpose of accepting,
administering and disbursing funds for those certain Bicentennial
Projects to be located within and supported by the Little Rock
Bicentennial Committee . Separate records will be maintained for
each individual project sponsored by the said Committee and funds
will be disbursed only upon written approval by the designated
officer or officers of the organization or organizations submit-
ting funds to the Bicentennial Account.
SECTION 2 . The City, acting through its Finance Director,
will exercise all due and proper diligence in maintaining said
special account, but it is understood and agreed that the City
of Little Rock shall be indemnified and held harmless from any
and all liability as the result of administering these special
funds .
SECTION 3. Such funds remaining in the special accounts
at the end of the year 1976 , if any, will be returned to the
organization or organizations which originally submitted such
funds for the administration by the City.
SECTION 4 . This Resolution shall be in full force and
effect from and after its adoption.
ADOPTED: January 20, 1976
ATTEST: APPROVED:
City Clerk Mayor