5630ORDINANCE NO. "5630
AN ORDINANCE APPROPRIATING $23,945.26 FOR PAYMENT OF MATURING
PRINCIPAL, INTEREST AND SERVICE CHARGES OF 5% IMPROVEMENT BONDS
(AIRPORT, FIRE EQUIPMENT AND HOSPITAL) DATED NOVEMBER 1, 1929, DUE
SEPTEMBER 1, 1938 VARIOUS, OF THE CITY OF LITTLE ROCK, AND FOR OTHER
PURPOSES.
Section 1.
That
the
sum
of $23,945.26 be, and the same is
hereby appropriated
out of
the
5%
Sinking Fund for payment of the
following indebtedness of the City of Little Rock, due and payable at
the office of Halsey, Stuart and Company, Chicago, Illinois on
September 1, 1938:
Maturing principal
Semi - annual interest at 5% per annum
on $476,000 outstanding bonds
Service Charges
Paying Se tember 1, 1939 principal
1 /0_of 17of $12,000.00
Payiing S tember 1, 1938 interest
1/4 of l of $112900.00
Postage on shipments of paid and
emeelled securities - January
to June, 1939, inclusive
$15900
Total amount due
12,000.00
11,900.00
44.75
_51
$23,945.26
and the Mayor and the City Clerk are hereby authorized to issue a warrant
or warrants therefor, payable to the Peoples National Bank, for the
purposes herein recited, of such maturity, interest and service charges
as they deem for the best interests of the City.
k Section 2. That the City Treasurer is hereby directed t® Iorrward
"Q - -to= the Halsey, Stuart and ComparW of Chicago, Illinois, out of 'the 5%
Sinking Fund, the sum of $12,000-00 to pay the maturing principal of 5,%
Improvement Bonds (Airport, Fire Equipment and Hospital) numbered 90 to
91, inclusive, and $11,945.26 to pay interest, service charges and postase,
same being due and payable at the office of Halsey.. Stuart and Company
of Chicago, Illinois on September 1st, 1935.
Section 3. That this ordinance shall take effect and be in force
from and after its passage.
.Passed: Augus t 22, 1939
Attast
ty clerk.