1363RESOLUTION NO.
A RESOLUTION DIRECTING THE CITY TREASURER TO
S EGREGF.TE FUNDS RECEIVED FR 0 ,.T 'lei E S.. LE OF
SEA BONDS A-11D AS GRANT FROM THk' UNITED STATES
GOVERN14ENT FOR THE CONSTRUCTION OF Iiv!FROVM,,MTTS
TO SE iTER SYSTEM, AND AUT!iO SIZING THE CITY TRE13-
UO TO Pff OUT SAID FUNDS ONLY ON i'HE ORDER OF
THE Snc -ER COI \a,,iI TT
VHEREAS, by Ordinances 5304 and 5305 heretofore passed,
the City Council of the City of Little Rock has authorized the
construction of improvements to Sewer System for the City of
Little Rock and has authorized the issuance of revenue bonds in
the approximate amount of $902,000.00 end the City Council has
agreed to accent a Grant from the United States Government in the
amount of $736,000.00; and
;V=F,AS, all of said funds derived from said Grant and
the sale of bonds will come into the hands of the City Treasurer;
and
TjFHEREAS, under the provisions of the Loan and Grant
Agreement with the United States Government and :pct 132 o° the Acts
of Arkansas for 1933, said funds can only be used for making improve-
ments on the Tittle Rock Sewer System;
NOW THEREFORE BE IT RESOLVED by the Council of the City
of Little Rock:
Section 1. The City Treasurer is hereby ordered and
directed to hold separate and apart all funds coming into his hands
by way of Grant from the United States Government and as proceeds
from the sale of Little Rock Sewer Bonds;
Section 2. Said funds so described in Section 1 of
this resolution shall be used only for the cost of making the im-
provements to the Little Rock Sewer System, including right -of -way
permits, easements, contractors, engineering and legal fees and
other items of expense incidental and necessary thereto, end the
City Treasurer is hereby authorized and directed to issue checks
or vouchers on said funds on presentment to him)T, (,ordors of the
''ewer Committee of the Council signed by the Chairman and Secre-
tary of the said Sewer Committee.
Section 3. This Resolution is necessary for the immediate
preservation of the public peace, health and safety and shall take
effect immediately and be in force and effect from and after its
passage.
Adopted: February 28, 1936.
Attest
City Clerk.
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Approved:
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