2795+r
ORDINANCE NO. 2795. ..
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An Ordinance for the Re -Issue of Warrants Numbered 32269 to 32277,
�- Inclusive, 32298 to 32305, Inclusive, 32443 to 32447, Inclusive,
32561 to 32585, Inclusive.
Whereas, There have been presented to this council warrants
of the City of Little Rock, as follows:
Warrants numbered 32269 to 32277, inclusive, 32298 to 32305,
inclusive, 32443 to 32447, inclusive, and 32561 to 32565, inclusive;
all of said warrants drawn upon March 25, 1920, in favor of R. G. Hel-
bron, of Little Rock, Arkansas, each warrant being for the sum of One
Thousand Dollars ($1000.00), and all of said warrants maturing March 25,
1921; and,
Whereas, the holders of said warrants have requested their
reissue to R. G. Helbron, of Little Rock, Arkansas, but payable to
bearer; and,
Whereas, this council has carefully investigated the validity
and the amount of the indebtedness for which each of said warrants was
issued; and,
Whereas, this council has ascertained that the said warrants
are the legal and binding obligations of the City of Little Rock;
Now, Therefore, It is hereby ascertained and declared that
said warrants are valid and existing obligations of said city! and,
therefore:
BE IT ORDAINED BY THE CITY COUNCIL Or" THE CITY OF LITTLE ROCK:
Section 1. That said warrants, hereinbefore described,
shall be filed with the city clerk and by him plainly canceled by
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perforation 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 wl -rants of the
City of Little Rock to the amount of $47,000.00 in rei thereof.
Said warrants shall be made payable to the bearer at the Union Trust
Company, in the City of Chicago, Illinois, one year after date, and
they shall have all the attributes of negotiable paper and shall be
in the denomination of One Thousand Dollars 01000.00) each.
Section 2. Said warrants shall be in the following form:
STATE OF ARKANSAS
CITY OF LITTLE ROCK
No. x'1000.00
On the 25th day of March, 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
cities 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 issued 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 Tarrant 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
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perforation and kept in his files; and it is hereby recited and cov-
enanted 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 indebtedness 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 pay-
ment of this warrant the full faith, credit and resources of said city
are irrevocably pledged.
In Witness 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 March, 1921.
CITY OF LITTLE ROCK
By 11ayor.
Attest: City Clerk.
Section 3. This ordinance shall take effect and be in force
from and after its passage.
Passed: April 4, 1921. Approve CCr-
ayor.
Attest:
City Clerk