4643ORD INANCE' N0. 4643.
AN ORDITT ,TCE AI=''-'ROP Ir_ ING $1,928.76 FOR TIE' 1DUIRC1IASE OF
t� do,
TO uq
T CHEVROLET TRUC�S,^PAYADLE I THE YEARS 1930, 1931, 1932, M
POR OT? PU _POSTS-
BE IT ORDAINT -7) BY T11_ CITY COUNCIL 07 TIE] CITY OF LITTLE' ROCK, A_RffJ"_ SJ,S:
Section 1. ^_ certain contract of
by and between the City of Little Rock, Arkansas, therein designated
as the purchaser, acting through the Board of Public .-Sffarks of said
City, and Bale Chevrolet Company, therein designated as the seller,
for the purchase by the said punch- -user of and from he Mi_ elle f
t two (2) Chevrolet l� -ton Trucks, chassis and eabn for an aggregate
consideration price of One Thousand Nine Hundred Twenty -eight and
76/100 Dollars 01,92 8.76), a copy of which contract is made a part
of the minutes of the meeting of the Council of said Cit,;r at which
the within ordinance is adopted, is hereby in all respects ratified,
approved_ and confirmed according to all of the terms, cons ider-ations
and conditions of said contract; and Cher:, is herby pledged exclus-
ively to the payment of the installments of the said consideration
price as specified in said contract, pro rata with the ins tal lments
of the consider'3.tion price as specified in other contracts of pu -- --
chase of street equipment by the said City now - ,ade or contemplated,
the aggregate of which said first mentioned and all other contracts
shall not, insofar as the said pledge is or may be affected thereby,
exceed the sum of $65,000, as and when the said installments of
each and all of said contracts respectively become due and payable,
the first moneys coming; to the hands of the saidjCi�yFfI.., ar� a��'�r
the date of the said first mentioned contract, and during each of the
respective years, 1930, 1931, and 1932, out of its share of the re-
sT)ective taxes mentioned in said contract, to the full extent of the
?payments required to be made by the said City in each successive
year on «ccOunt of its said purchases within the said aggregate of
$65,000, which said first moneys so pledged shall be kept se-oarate
and apart from the said City's all other funds so long as any part
-2_ Ordinance No. 4643.
of said. considel—tion price of the said aggregate of said purchases
remains unpaid; and there is hereby appropriated, out of the said
first moneys, for the paynilent of the said respective installments
of said consideration price, pursuant to said first mentioned contract,
the sum of Three ITundred Eighty -five and 75/100 Dollars ($385.75),
which shall be paid to the said seller on July 1, 1930, the sum. of
4
Seven Hundred Seventy -one and 50/100 ($771.50) Dollars, which shall be
amid to the seller on July 1, 1931, and the susse of Seven Hundred
Seventy -one and 51/100 0771.51) Dollars, Sf-Zich shall be paid to the
said seller on July 1; 1932.
Section 2. The Mayor and City Clerk are hereby authorized
and directed to execute the City's warrants in the above suns on the
above mentioned cues, payable out of the funds referred to above,
accruing to the City under Act Number 605 of the Acts of the General
Assembly of Arkansas of 1921, out of all taxes levied and collected
in Pulaski County, Arkansas, pursuant to the Section 5490 of Crawford
and Trosest Digest of the Statutes of Arkansas, and under Act Num_ber
443 of the Acts of the General ,assembly of Arkansas of 1919, out of
t'Ze road tax collected under said tact in said City.
Section 3. Timis ordinance shall be in force and take
effect from and after the date of its passage.
Passed: July 7, 1930. _ �_ It
AP—PROVED: )O�_4
ea yor.
At t e s t o Ool ill000, e�►/
-- C t ierk
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