5492S
ORDINANCE NO. 5492
AN ORDINANCE APPROPRIATING $24,246.22 FOR PAYMENT OF MATURING
HRINCIPAL, INTEREST AND SERVICE CHARGES OF 5% IMPROVEMENT BONDS
(AIRPORT, FIRE EQUIP! + ?iENT AND HOSPITAL) DATED NOVEMBER 1, 1929, DUE
SEPTEi:iBER 1, 1937 VARIOUS, OF THE CITY OF LITTLE ROCK, AND FOR OTHER
PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK:
Section 1. That the sum of $24,246.22 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, 1937:
Maturing principal $12,000.00
Semi-annual interest at 5% per annum
on $488,00V outstanding bonds - 12, 200.00
Service Charges
Paying September 1, 1937 principal
- 1/8 of 1% of $12,000.00 X15.00
Paying September 1, 1937 interest
- 1/4 of 1% of $12,200.00 30.50 45.50
Postage on shipments of paid and
cancelled coupons - January to June,
1937, inclusive .72
Total amount due X24,246.22
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.
Section 2. That the City Treasurer is hereby directed to forward
to the Halsey, Stuart and Company 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 68 to
79, inclusive, and $12,246.22 to pay interest, service charges and postage,
same being due and payable at the office of Halsey, Stuart and Company
of Chicago, Illinois on September 1st, 1937.
Section 3. That this ordinance shall take effect and be in force from
and after its passage.
Passed: August 30th, 1937
Attestke4
t y Clerk.
An oved:
Acting Mayor.