7776ORDINANCE NO. -77
AN ORDINANCE APPROPRIATING $127,831.22 FOR THE PAYMENT OF
MATURING PRINCIPAL AND SEMI - ANNUAL INTEREST COUPONS ON FUNDING BOND
ISSUE OF MAY 11 1925s AND SERI -- ANNUAL INTEREST COUPONS ON REFUNDING
BOND ISSUE OF NOVEMBER 1, 1935; AND SEMI-ANNUAL INTEREST ON REFUND-
ING BOND ISSUE OF NOVEMBER 1, 1938, AND PAYING AGENTS CHARGES THEREON;
AND FOR OTHER PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. That the sum of #127,831.22 be and the same is
hereby appropriated out of the Bond and Interest Fund of the City of
Little Rook for the payment of the following indebtedness due and pay-
able at the Chase National Bank, New York City, on November 1, 1948:
Maturing principal of bonds numbered 1544 to
1660, inclusive .............. ....................$117,000.00
Interest coupons numbered 46 due November 1, 1948
for semi - annual interest on-Funding Bonds Nos.
1544 to 1910; inolusive, dated May 1, 1925
( total principal being $367,000-00) .............. 80257-50
Interest coupons numbered 26 due November 1, 1948
for semi - annual interest on Refunding Bonds Nos.
1 to 66, iflolusive, dated November 1, 1935,
(total principal being $33,000.00)............... 742.50
Interest coupons numbered 2-0 due November 1, 1948
for semi - annual interest on Refunding Bonds Nos.
1 to 75, inclusive, dated November 1, 1938,
(total principal being $75,000.00).. ............. 11687.50
Commission for paying maturing principal
(1 /10 of 1% of $117 ,000.00)...................... 117.00
Commission for paying coupons due November 1, 1948
(1/4 of 1% of ,$1 3 207 . o) 5 ........................ ........... 26.72
TOTAL $127,831:22
SECTION 2. The Mayor and City Clerk are hereby authorized
to issue the City's warrant or warrants therefor, drawn on the Bond
and Interest Fund, payable to the Peoples National Bank, Little Rock,
Arkansas,
for the payment
of the maturing
principal, .semi- annual
interest
and paying agents
charges herein
recited.
SECTION 3. The City Clerk is hereby authorized to make
such arrangements as are necessary for the negotiations for and the
transmittal of these funds to the Chase National Bank of New York
City to meet the due date of November 1, 1948.
SECTION 4. This ordinance shall take effect and be in
force from and after its passage and approval.
PASSED: October 11, 1948
ATTEST
- ity Clerk