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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. a; !7 �-i 'V 44.f Approved: � - �, g —r" �, �;,4 � �,