6490ORDINANCE N0. b490_
AN ORDINANCE APPROPRIATING X114 , 405.64 FOR THE PAYMENT OF
MATURING PRINCIPAL AND SEMI- ANNUAL INTEREST COUPONS ON FUNDING BOND
ISSUE OF MAY 1, 1925, AND SEMI- ANNUAL INTEREST COUPONS ON REFUNDING
BOND ISSUE OF NOV9ABER 1, 1935, AND SEY-I- ANNUAL INTEREST ON REFUND-
ING BOND ISSUE OF NOVFX:BER 1, 1938, AND PAYING AGENTS CHkRGES THEREON;
AND FOR OTHER PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. Ths.t the sum of $114,405.64 be and the same is
be.reby appro „priated out of the ,Bo* .mod exit t. fund of the City_ oP
u
Little Rock for the payment of the following indebtedness due and pay-
able at the Chase National Bank, New York City , on November 1, 1942:
Maturing principal of bonds numbered 941 to
1030, inclusive ....... ..............................$ 90,000.00
Interest coupons numbered 34 due November 1, 1942
for semi - annual interest on Funding Bonds Nos.
941 to 1910, inclusive, dated May 1, 1925,
(total principal being $970,000-00) ................. 21,825.00
Interest coupons numbered 14 due November 1, 1942
for semi - annual intereston Refunding Bonds Nos.
1 to 66, inclusive, dated November 1, 1935,
( total principal being 133,000-00) .................. 742.50
Interest coupons numbered 8 due November 1. 1942
for semi - annual interest on Refunding Bonds Nos.
1 to 75, inclusive, dated November 1, 1938)
rte ; (to.tal principal being $75,000.00)......... .......
Commission for paying msturing principal
(1 /10 of 1,% of $90, 000 .00).. ........................
1,667.50
90.00
Commission for paying coupons due November 1, 1942
(1/4 of 1% of ,24, 255 .00). ......................... 6o.64
TOTAL $1140405.64.
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 m?turing 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 trans-
mittal of these funds to the Chase National Bank of New York City to
meet the due date of November 1, 1942.
1
SECTION 4. This ordinance,shall take effect and be in force
from and after its passage and approval.
PASSED: October 5, 1942
ATTEST: APP F
City Clerk. Mayor.