1337Resolution No. 1337
WHEREAS, certain moneys belonging to various funds of the
City of Little Rock were on deposit in the American: - Exchange Trust
Company, in 1930, and, also, Peoples Trust Company, in 1933, when
these banks failed, and
WHEREAS, The City Treasurerts bonds for such years are
liable for re- payment of such sums of money, and
WHEREAS, the City of Little Rock paid the usual insurance
premium to Fidelity and Deposit Company, of Liaryland, a corporate
surety company, in 1930 and, also in 1933, for signing the bond
of the City Treasurer during each year, now, therefore, be it
RESOLVED, by the City Council of Little Rock that the Mayor
of Little Rock be and he is hereby directed and instructed to take,
at once, such steps as may be necessary to recover the money lost
through the failure of American-= xchange Trust Company and 'Peoples
Trust Company and the Mayor is authorized to do all things necess-
ary to recover such sums of money.
Adopted- August 26, 19 'A5
Attest:
City Clerk.
A� oved:
Mayor.