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RESOLUTION NO. _9,742
A RESOLUTION TO AUTHORIZE THE RELEASE TO THE
EXECUTIVE DIRECTOR OF THE CENTRAL ARKANSAS
LIBRARY SYSTEM MONIES FROM THE THE SALE OF
LIBRARY PROPERTY; AND FOR OTHER PURPOSES.
WHEREAS, Little Rock, Ark., Resolution No. 9,254 (October
18, 1994) authorized the sale of two City -owned lots at 800 to
808 South Louisiana Street to St. Vincent Infirmary Medical
Center; and
WHEREAS, the monies to pay for the parking lots came from
the Emmit Morris fund which was established by bequest to
benefit the employees of the Central Arkansas Library System
(GALS); and
WHEREAS, the CALS Board of Trustees has requested by
resolution that these monies be released by the City and
returned to the Emmit Morris fund; and
WHEREAS, the monies are currently being held in escrow at
the Beach Abstract & Guaranty Company.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The Board of Directors of the City of Little
Rock, Arkansas, authorizes Dr. Bobby Roberts, Executive Director
of CALS, to withdraw escrow funds at Beach Abstract & Guaranty
Company which were received from the sale of parking lots at the
downtown branch of CALS, provided that these funds are. placed
into the Emmit Morris fund to be used for the benefit of
employees of CALS.
ADOPTED: July 2, 1996
ATTEST:
EMIR, ,
ROB131E -- HANCOCK
-
CITY CLERK
APPROVED AS TO FORM:
THOMAS M. CAR
CITY ATTORNEY
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