5948R
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ORDINANCE NO. 5,949
AN !ORDINANCE SUBMITTING TO THE VOTERS OF*
THE CITY OF LITTLE ROCK, ARKANSAS, THE
QUESTION WHETHER IT WILL ISSUE BONDS TO
THE EXTENT OF $ 47.500.00 FOR THE POSE
OF THE IliPROYEIiI[ENT OF THE FAIR PARK OWNED.
BX +CO=TRUCTIN'Q AND.
BUILDINGS
BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF LITTLE ROCK, ARKANSAS:
Section 1. An election is hereby called to be held
at the usual polling places in the City of Little Rock, Arkansas,
on the 2! rdday of "kult , 19 .0, for the purpose of deter--"
mining whether the City of Little Rock shall issue $47,500.00
in negotiable bonds, bearing interest at a rate not to exceed
five per cent per annum, but convertible to a lower rate of
4 interests an such terms that the City shall pay and receive sub -
stantially the same amount of money, said bonds to be payable
as follows:
2000
in
each
of
the
years
1944
to
1950,
incl.
2500
in
each
of
the
years
1951
to
1954,
incl.
$3000
in
each
of
the
years
1955
to
1957,
incl.
$3500
in
each
of
the
years
1958
to
1960,
incl.
$1+000
in
the year 1961
said bonds to be issued for the purpose of the improvement of
the Fair Park owned by the City by constructing and equipping
pa
a modern swimming pool and additional' ildings; and to be
dated as near the date of sale thereof as practicable,, but ' not
later than March 1, 19/.1.
Section 2. Said election shall be conducted and
the votes thereat eanvassed and the result thereof declared
under the law and in the manner now provided for municipal-dIec-
Lions, and notice of said election shall be given by the Mayor
by advertisement weekly for at least four (1,) times in some news-
paper published in the City of Little Rock, and having a bona
#2•
fide
circulation therein, the last publication to be not less
than
ten days prior to the date of said election. The ballots
for
said election shall be marked:
"FOR for $47,500.00 for the purpose
the City. aq►
to
swimming pool and additional parr buildia 8 s.
"AGAINST Bond Issue for $47,500.00 for the pur-
pose of the improvement of the Fair Park owned
by the City by constructing and equipping a
modern swimming pool and additional park buildings."
At said election only qualified voters of the City of Little
Rock will have the right to vote. The result of said election
shall be proclaimed by the Mayor by publication in some news-
paper published in said City of Little Rock, and his proclama-
tion shall advise the citizens and property owners of said City
that the result as proclaimed will be conclusive unless attacked
in the Courts within thirty (30) days after the date of shah
proclamation.
Section 3. It is ascertained and hereby declared
that the facilities for the healthful exercise of swimming in
the City of Little Rock are inadequate, and the inhabitants
of the City seek swimming places outside of the City, which,
because of the lack of sufficient guards and their unsanitary
condition, are a menace to the health and safety of the public;
and that by reason of the present economic conditions, many
citizens of the City are out of work, and the improvements
herein provided would furnish work for a large number of men and
i
thereby add to the peace, health and happiness of the City. It
is, therefore, declared that an emergency exists, that this
ordinance is necessary for the immediate preservation of the
public peace, health and safety, and that this ordinance shall
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take effect and be in force from and after its passage.
e o • � j2
ATTEST
CITY CLERK