27914 ,
ORDINANCE NO. gi
An Ordinance for the Re -Issue of Warrants Numbered 32261 to
32267, Inclusive, 32278 to 32297, Inclusive, 32306 to
32442, Inclusive, and 32448 to 32560, Inclusive.
Whereas, There have been presented to this council
warrants of the City of Little Rock, as follows:
Warrants numbered 32261 to 32267, inclusive, 32278 to
32297, inclusive, 32306 to 32442, inclusive, and 32448 to
32560, inclusive;
all of said warrants drawn upon March 25, 1920, in favor of
R. G. Helbron, of little Rock, Arkansas, each warrant being for
the sum of One Thousand Dollars (1000.00), and all of said war-
rants maturing Larch 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 war•
rants 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 cit`
and theref ore:
BE IT ORDAINED BY THE CITY COUNCIL OF 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
perforation and kept in his file, and that in lieu thereof the
r
amity of Little =,ock, by its mayor and city clerk, as president
and clerk of the city council, issue to the said r:. G. uelbron
warrants of the Uity of Little Nock to the amount of 'i'wo hundred
and aeventy -seven Thousand Dollars (5277,000.00) in renewal
thereof, Said warrants shall be made payable to the bearer at
the Union Trust Company, in the City of 'hicago, Illinois, one
year after date, and they shall have all the attributes of
negotiable raper and two hundred and twenty -seven (227) of said
warrants shall be in the denomination of One 'Thousand -Dollars
01000.00) each and ten (10) of said warrants shall be in the
denomination of rive Thousand Dollars ($5000.00) each.
ing form:
No.
Section 2. Said warrants shall be in the follow-
STATE OF AK.KAi;SAS
CITY OF LIT'TL ROCK
On the 25th day of _aarch, 1922, the treasurer of
the City of Little 'lock, in the State of Arkansas, will pay to
bearer, at the Union `'rust Lompany, in the City of uhicago,
Illinois, the sum of Thousand Dollars in lawful money
of the United States, out of any racney in his hands belonging
to the General Fund.
This warrant is issued to fund other warrants of
said city which have been presented to the city council of the
said City of Little Rock by the holder thereof, and reissuance
thereof recuested in pursuance 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 war-
rants in lieu of which this warrant is issued having been careful-
ly 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 warrants in lieu of which this warrant
0
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4, ,
is issued, and the warrant,_in lieu of which this warrant is is-
sued ha�`L,been filed with the city clerk and by him plainly can-
celed by perforation and kept in his files; and it is hereby re-
cited 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 require., and that the ordinance order-
ing the issue of this warrant has the force and effect of a judg-
ment, establishing the validity of the claim for which this war-
rant is issued, and that this warrant evidences a valid indebted-
ness 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.
OITY OF LITTLE ROCK,
By 1ayor.
Attest:
City Clerk.
Section 3. This ordinance shall take effect and be in
force from and after its passage.
Passed i a�.u( M_ P /yam/ Approve
Mayor.
A t t e s