3111ORDINANCE NO. 7/ / /•
"An Ordinance Authorizing the Funding and
is Reissuance of kii,4H OctAanding Hospital
P.arrants w6c City of Little Ra
there are outs war-
e r of the City of Little of the aggre.
�/ ate amount of my issued for work
_ and material on the new city hospital, and
G n I there are not funds in hand for their pay-
0' ment ; and
li t0 ; WHEREAS, said warrants have been pre -
a. re ; Lied d to the G;ty and their re- issuance re-
10
ie quested by the holder thereof, and
F�)
Ai
WHEREAS, the City Council of the City of
Little Rock has examined all the facts rela.
re tive to the indebtedness for which such war-
1 rants were issued and to the issuance of said
e,l warrants and has found and does hereby find,
ly !adjudge and declare that each of said war -
-1_ I rants was duly and properly issued for a
,S. municipal purpose and that the said City has
received in the case of each of such warrants
or at least the .`ace amount thereof, - and -
he the said warrants aggregating and
he the indebtedness represented thereby are valid
'S land that no part of said warrants or indebted -
�j I ness has been paid: NOW THEREFORE,
ae BE IT ORDAINED by the City Coun
to the City of Little Rock, Arkansa ollows :
St, I Section 1. Tllie said warrants shall
j be funded and reissued and the indebtedness
'r- i represented thereby extended by the issuance
ay I of negotiable warrants of the city of Little
a f- Rock of an equivalent face amount. Sa
warrants shall be known as Ser' , ' to be
to 1 numbered from elusive. Each
.Ve 1 such warrant may bear the inscription, "mu-
he } nicipal note (a negotiable warrant)" and shall
:he I be of the denomination of $1,000.00 each
shall be dated shall
ig- be payable on September 25th, 1923:
Section 2. Said warrants shall he issued in
'all ! substantially the following form:
Series- "A"
No. - $1,000.00
are UNITED STATES OF AMERICA
om STATE OF ARKANSAS
CITY OF LITTLE ROCK
)re MUNICIPAL NOTE
(A Negotiable Warrant)
be_ The City of Little Rock, a municipal carpor-
les, ation in the County of PWask-i and State of
keS Arkansas, hereby acknowledges itself indebted
and promises to pay and the City Treasu :!r is
the hereby ordered to pay to the bearer the sum'cf
ep CNE THOUSAND DOLLARS ($1,000)
in lawful money o" the United States of i
❑ar America, at the CHASE NATIONAL BANK,
lies I New York City, on the 25th day of Septa:n-
ion ber, 1923.
This warrant is issued pursuant to the con-
stitution and statutes of the State of Arkan-
rlin sas, including Act No. 383 of the Acts
Arkansas of 1917, and an ordinan pted
EU_ by the City Council of the Little Rock
` o on or the purpose of ex
tending the payment of certain indebtedness .
;his ;of said City by exchanging outstanding war- 1
in rants which were duly and properly issued,
Ion I for municipal Purposes and for which the f
City has received full value equivalent to the
CU- face amount thereof 111111
or- It is hereby certified and recited that all
lay conditions, acts and things required by the
constitution and statutes of the State of Ar-
kansas to exist, be performed and happen pre- 1.1
be cedent to or in the issuance of this warrant,
Brit or the incurring of the indebtedness eviderized 40
8a :thereby have been properly done and per- 4
formed, in regular, and due form as required 15
ale by law, and that "said warrants and indebted-
es- ness, together with all other indebtedness of 20
fOr I the City of Little Rock, is within every debt 15
and other limit prescribed by the constitution 12
dlS or statutes of said state and that no part of 79
said warrants or the indebtedness evidenced
be thereby has been paid. The -full faith, credit 16
and )St to then punctual payment of r this r warrant '�in
if accordance with its terms.
IN WITNESS WHEREOF, the said City of 4
of Little Rock has caused this warrant to be sign- 4
ed by its Mayor and its corporate seal to be I
he hereunto affixed and attested by the City 1
)e- I Clerk and this warrant to be dated
in- I R"-.'w 20
------ ------ - - --------
Mayor.
Attest:
City Clerk.
(Endorsement on Warrant.)
It is hereby certified that this warrant is
I registered and recorded at line on
I page in Warrant Book No.
kept in the office of the City Clerk of the
City of Little Rock.
City Clerk.
It is hereby certified that this warrant has
been registered with and recorded by the ;ity
Treasurer of the City of Little Rock at line
on page , in Warrant Book No.
in the office of the City Treasurer of
the City of Little Rock.
- - -- -City Treasurer --
(Certificate)
This is to certify that the signatures and
sea'. appearing on the within Municipal Nute
of the City of Little Rock, Arkansas, are gen-
uine.
Dated-- -- ----- ---- ------ - - - - --
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Attest: the
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City Clerk: to
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B, City Clerk and City 26
Section 3. The Mayor, City Clerk and City 60
Treasurer are hereby authorized and dir -eted ,
Od
to execute, register and record said warrants
Ar
and to issue and deliver said warrants ie
12
bolders of said outstanding oP war-
I
rants upon receiving from said holders the said
5
?u,tstanding warrants. Each of said outstand-
10
ing warrants when exchanged shall be can-
75
celled by perforation by the City Clerk and
stamped "cancelled upon issuance of new
12,
warrant in exchange."
Section 4. This ordinance is hereby de-
2
tip ove d:
termined to be an ordinance for the support
12, /
and maintenance of the various branches of
5 �N
the municipal government of the City of Little
1 i
I Rock. _
Ja yor .
passed February 5, 1923.