5501ORDINANCE NO.
AN ORDINANCE APPROPRIATING $103,432-50 FOR THE PAYMENT OF
MATURING PRINCIPAL AND SEMI - ANNUAL INTEREST COUPONS ON FUNDING BOND
ISSUE OF MAY 1, 1925, AND SFXI- ANNUAL INTEREST COUPONS ON REFUNDING
BOND ISSUE OF NOVEMBER 11 1935; AND FOR OTHER PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK,
ARKANSAS:
Section 1. That the sum of $103,432.50 be and the same is
hereby appropriated out of the Bond and Interest Fund of the City of
Little Rock for the payment of the following indebtedness due and
payable at the Chase National Bank, New York City:
Maturing principal of bonds numbered 547 to
618, inclusive . . . . . . . . . . . . . . . . . $ 72,000.00
Semi-annual interest at 421% per annum (Coupons
Numbered 24, total principal being $1,364,000.00) 30,690.00
Interest coupons numbered 4 due November 1, 1937
for semi - annual interest on refunding bonds Nos.
1 to 66, inclusive, dated November 1, 1935,
(total principal being $33,000.00) . . . . . . . 742.50
Total . . . . . . . . . $103,432-50
Section 2. The Mayor and the City Clerk are hereby author-
ized 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 and semi-
annual interest herein recited in such amounts as they deem for the
best interests of the City; the said Peoples National Bank to remit
the amount received to the Chase National Bank in New York City for
the purposes herein recited.
Section 3. That all ordinances and parts of ordinances in
conflict herewith are hereby repealed, and this ordinance shall take
effect and be in force from and after its passage and approval.
Passed: October 11, 1937
Atteskci GyVC, eirk
Xpproved:
A_Ec�r.�.�.mw
Mayor.