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1165RESOLUTION N0. '1165. , WHEREAS, outstanding warrants to the amount of ?1,725,000,00 are due and payable at the Chase National Bank, New York,N. -Y. March 169.1925, and WHMMAS , by authority of Ordinance No. 3745 the Board of Public Affairs entered into a contract -with R— M. :ant & Company of New Yozk,N.Y, for the extension of outstanding warrants in the sum of 1,7259000.00 for a period of ninety days for the price and sum of A25,875.00 fiscal agent fee,sa,id contract providing that all of said warrants,representing the ti1,725,000:00 outstanding indebtedness may be paid any time within ninety day period for extension, and that any part of said X25,875.00 that has not been us -ad -s_ interest at the rate of 6% per annum shall be paid back to t}_ V ,,f Little Rock said R... Grant and Co -apany , and WHEREAS, it is required by the approving attorneys, Reed, Dougherty & Hoyt, that all of said warrants be stamped showing ti-aie. and date of extension, with the signature of the President of the Boa-.d of Public Affairs affixed thereto,now,therefore, BE IT RESMVED BY TITS CITY COUNCIL Or THu CITY Or LIT_'TE ROCK: That contract made and entered into by .and between the city of Little Rock by its Board of Public Affairs with R.11T.Grant & Comloany for the extension of time of payment of outstanding indebtedness in the sum of .1.1,7259000.00 for the consideration of $25,875.00 fiscal agent fee be and the same is in all things ratified and confirmed, and BZ IT FURTHER RESOJVM, that the Chase National Bank of New York,N.Y. be and they are hereby designated as agents of the City of Little Rook wih full pocwr to sign signature of Ben D. Brickhouse, President of the Board of Public Affairs on each and every one of the 1,725,000.00 outstanding warrants,said extension to be for ninety days from March 1591925. Approved Mayor Adopted: March 16, 1925. Attest — Ci Clerk