2721•
ORDINANCE NO.
S
An Ordinance for the Re -issue of Warrants Numbered 30558 and
31127 to 31131, Inclusive.
Whereas, There have been presented to this council
warrants of the City of Little Rock, as follows:
No. 30558, drawn July 9, 1919, in favor of Speer &
Dow, for $1000.00; date of maturity July 9, 1920;
Nos. 31127 to 31131, inclusive, drawn July 25, 1919,
in favor of Speer & Dow, for $1000.00 each; date of maturity
July 25, 1920; 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 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
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 war-
rants of the City of Little Rock to the amount of $6,000.00 in
renewal thereof. Said warrants shall be made payable to the
bearer at the Union Trust Company, in the City of Chicago, Illi-
nois, one year after date, and they shall have all the attributes
of negotiable paper and shall be in the denomination of One
Thousand Dollars (1000.00) each.
No.
Section 2. Said warrants shall be in the following form:
SPATE OF ARKANSAS
CITY OF LITTLE ROCK
$1000.00
On the day of July, 1921, 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 warreC! t , of sei d
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 pursuance of the provisions of Act No. 383 of the
General Assembly of the State of Arkansas for the year 1917, en-
titled "An act authorizing cities in Arkansas having a population
of 40,000 or over, to refund their city warrants," the said war-
rant in lieu of which this warrant is issued having been care-
fully 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 is-
sued hbs been filed with the city clerk and by him plainly can -
oeled by perforation and kept in his files; and it is hereby re-
cited and covenanted with the holder of this warrant that this
raK 3
warrent 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 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 vrar-
rent 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 day of July, 1920-
CITY OF LITTLE ROCK,
By , Mayor.
Attest:
i y Clerk
Section 3. This ordinance shall take effect and be in
force from and after its passage.
Passed c� z approve
Mayor .
Attest:
i y Clerk.