2797ORDINANCE ; NO. 27W •
An Ordinance for the Re -Issue of Warrant Numbered 32268.
Whereas, There has been presented to this council warrant of
the City of Little Rock numbered 32268, drawn upon 11arch 25, 1920, in
favor of R. G. Helbron, of Little Rock, Arkansas, being for the sum
of One Thousand Dollars ($1000.00), maturing March 25, 1921; and,
Whereas, the holder of said warrant has requested its reissue
to R. G. Helbron, of Little Rock, Arkansas, but payable to bearer; and,
Vlhereas, this council has carefully investigated the validity
and the amount of the indebtedness for which said warrant was is-
sued; and,
Whereas, this council has ascertained that the said. warrant
is the legal and binding obligation of the City of Little Rock;
Now, Therefore, It is hereby ascertained and declared that
a
said warrant is /valid and existing obligation of said city, and,
therefore:
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK:
Section 1. That said warrant, hereinbefore described, shall
be filed with the city clerk and by him plainly canceled by perfora-
tion and kept in his file, and that in lieu thereof the City of Little
Rock, by its mayor and city clerk, as president and clerk of the city
council, issue to the said R. G. Helbron warrant of the City of Little
Rock to the amount of x1,000.00 in renewal thereof. Said warrant
shall be made payable to the bearer at the Union Trust Company, in the
City of Chicago, Illinois, one year after date, and it shall have all
the attributes of negotiable paper and shall be in the denomination of
One Thousand Dollars ($1000.00).
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Section 2. Said warrant shall be in the following form:
STATE OF ARKANSAS
CITY OF LITTLE ROCS:
No. $1000.00
On the 25th day of I. arch, 1922, the treasurer of the City of
Little Rock, in the State of Arkansas, will pay to bearer at the
Union Trust Company, in the City of Chicago, Illinois, the sum of
One Thousand Dollars in lawful money of the United States, out of any,
money in his hands belonging to the general fund.
This warrant is issued to fund another warrant of said. city
which has been presented to the city council of the said City of Little
Rock by the holder thereof, and reissuance thereof requested in pursu-
ance of the provisions of Act No. 383 of the General Assembly of the
State of Arkansas for the year 1917, entitled "An act authorizing cit-
ies in Arkansas having a population of 40,000 or over, to refund their
city warrants," the said warrant in lieu of which this warrant is is-
sued having been carefully investigated by the city council of the said
city, and it having ascertained and declared_ the validity and amount
of the indebtedness due upon the warrant in lieu of which this warrant
is issued, and the warrant in lieu of which this warrant is issued has
been filed with the city clerk and by him plainly canceled by perfora-
tion and kept in his files; and it is hereby recited and covenanted
with the holder of this warrant that this warrant has been duly issued
in accordance with the act aforesaid, and that all things required_ to be
done by the terms of said act have been done as therein required, and.
that the ordinance ordering the issue of this warrant has the force and
effect of a judgment, establishing the validity of the claim for which
this warrant is issued, and that this warrant evidences a valid in-
debtedness of the City of Little Rock for the amount thereof, and that
it is not open to question at law or in equity, and to the payment of
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this warrant the full faith, credit and resources of said city are
irrevocably pledged.
In fitness Whereof, the City of Little Rock has executed this
warrant under the hand of its mayor and caused the same to be attested
by its corporate seal and the signature of its clerk on this 25th day
of T�iarch, 19 21.
Attest:
CITY OF LITTLE ROC;
City Clerk.
Mayo r .
Section 3. This ordinance shall take effect and be in force
from and after its passage.
kassed: April 11, 1921.
Attest:
City Clerk.
Approve