3043"AN ORDINANGE AUTHCRIZING THE FUNDING
J AND REISSUANCE OF JP 2.S, oo o OUTSTANWING HOSPITAL WARRAETS
OF THE CITY OF 1ITTLE ROCK."
r
WERIAS, there are outstanding warrants of tY,—e .
r City of Little Rock of the aggregate amount of 4-211;0 cc
duly issued for work_ and material on the new city hospital,
and there are not funds in hand for their payment; and
WHEREAS, said warrants have been presented to the
City and their re- issuance requested by the holder thereof,
and
WHEREAS, the City Council of the City of Little
j Rock has examined all the facts relative to the indebtedness
for which such warrants were issued and to the issuance of
said warrants and has found anc does hereby find, adjudge
'R
and declare that each of said warrants was duly and properly
issued for a municipal purpose and that the said City has
received in the case of each of such va.rrants at least the
face amount thereof and that the said warrants aggregating
v� 2 Sa c a and the indebtedness represented thereby are
valid and that no part of said warrants or indebtedness has
been paid: NON, THEREFORE,
BE IT ORDAINED by.the City Council of the City of
Kittle Rock, Arkansas, as follows:
Section 1. The said 02-S-000 warrants shall be
funded and reissued ana the indebtedness represented thereby
extended by the issuance of negotiable warrants of the City
of Little Rock of an equivalent face amount. Said new war-
rants shall be known as Series war-
" 1,
, to be numbered from
q2 6 tc4/SO , inclusive. Each such warrant may bear the
inscription "municipal note (a negotiable warrant)" and
shall be of the denomination of / v v o °- -° each.
It shall be dated OcZ, >- , 7 rC 1922, ana shall be
payable on 4 � / 9
Section 2. Said warrants shall be issued
in substantially the followinE, form:
'✓ r'e
� y�
At .
Series
No
UNITED STATES OF AMERICA,
STATE OF ARKANSAS,
CITY OF .LITTLE ROCK,
MUNIC IPAL NOTE.
(A Negotiable Warrant.)
4/000 °e
The City of Little Rock, a municipal corporation
in the County of Pulaski and State of Arkansas, hereby
acknowledges itself indebted and promises to pay and the City
Treasurer is hereby ordered to pay to the bearer the sum of
ONX TXOUSA" DOLLARS ($1, OOp)4W
in lawful money Uf the United States of America, at the CHASE
ONAI. BANK, New York City, on the 25ty, day of Sept.- er,
This warrant is issued pursuant to the constitu-
tion and statutes of the State of Arkansas, including Act
No, 383 of the Acts of Arkansas of 1917, and an ordinance
adopted by the City Council of the City of Little Rock on
October Sty, 1922, for the purpose of extenainj the payment
of certain indebtedness of said City by exchanging outstanding
warrants which were duly and properly issued for municipal
purposes and for which the City has received full value
equivalent to the face amount thereof.
It is hereby certifieu and recited that all
conditions, acts and things required by the constitution and
statutes of the State of Arkansas to exist, be performed and
happen precedent to or in the issuance of this warrant, or
the incurring of the indebtedness evidenced thereby, have
been properly done and performed in regular and due form as
required by law, and that said warrants and indebtedness,
together with all other indebtedness of the City of little
Rock,is within every debt and other limit prescribed by the
constitution or statutes of said State and that no part of
-2-
said warrant or the indebtedness evidenced thereby has been
paid, The full faith, credit and resources of said City are
hereby pledged to the punctual payment of this warrant in ac-
cordance with its terms.
IN WIZNEsS tVHEREOF, the said City of little Rock
has caused this warrant to be siLrned by its Mayor and its
corporate seal to be hereunto affixed and attested by the
City Clerk, and this warrant to be dated
1922,
Attest:
City Clerk
-ayor
(Endorsement on Warrant)
It is hereby certified that this warrant is
registered and recorded at line
, on page , in
Warrant Book No. , kept in the office of the City Clem
Of the City of little Rock.
ity Clerk
It is hereby certified that this warrant has been
registered with and recorded by the City 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 seal
appearing on the within Municipal Note of the City of Little
Rock, Arkansas, are genuine.
Dated
, 1922.
By
-3-
Section 3. The Mayor, City Clerk and City
Treasurer are hereby authorized and directed to execute,
register and record said warrants, and to issue and deliver
said warrants to the holders of said outstanding 0 25.000.00
of warrants upon receiving from said holders the said out-
standing warrants. hack of said outstanding warrant when
exchanged shall be cancelled by perforation by the City
Clerk and stamped " cancelled upon issuance of new warrant in
exchange ".
Section 4. phis ordinance.,:g.hreby determined
to be an ordinance for the support and •ma.i'ntenance of the
various branches of the municipal government of the City of
Tattle Rock.
Passed Ost•ber 9, 1922.
Appr•�el:
Attest:
Mayor.
&-0111�
City Clerk.
ry
yyaq
' � fir:.•' '�► '
1
a