1394 �R7
R E S O L U T I O N
NO. 1394.
WHEREAS, the improvements for which Street Improve-
ment District No. 193 of Little Rock was organizes to make have long
since been completed and paid for, and the commissioners
report to this Council that there is a balance on hand unex-
pended in the Commercial National Bank of Little Rock of
$208.55, and there is a balance on the restricted account of
the district in the Bankers Trust Company of $71.73, and a
balance on restricted account in the American Exchange Trust
Company of $265.83, on which restricted accounts future
dividends may be declared; and
WHEREAS, the commissioners of the district have
offered to pay said sum of $208. 55 to the City and to assign
to it said sums in said restricted accounts, on condition
that the City will keep said funds in a separate account for 6A LAti
Street Improvement District No. 193 and use the same only
for the repair of streets in said district.
ft
NOT, THEREFORE, BE IT RESOLVED by the City Council
of the City of Little Rock, Arkansas, that said offer be
accepted and that the City agrees to keep said funds in said
separate account and to use them only for the repairs of
streets in said district.
Adopted: January 11 ,1937.
Attest: Ap_ oroved:
Aw
City Qlerk. Mayor .
ROSE. HEMINGWAY, CANTRELL & LOUGHBOROUGH
ATTORNEYS AT LAW
LITTLE ROCK,ARKANSAS
G.B.ROSE
J. F. LOUGHBOROUGH
A.W. DOBYNS
A.F. HOUSE January 8, 1937
J.W.BARRON
W,.. NASH
W.5.MITCHELL,JR.
G.R.SMITH
Hon. R. E. Overman
Little Rock, Arkansas
Dear Sir:
Re: Street Improvement District No.
193 of Little Rock
Referring to my conversation with you
this afternoon, I enclose form of resolution to
be adopted by the Council accepting the offer of
the commissioners of this district to turn over to
the City funds which the district now has on hand
on condition that the City will keep them in a
separate account and use them only for repairs on
the streets within the district.
As I told you today, the improvements
for which the district was organized were completed
many years ago, and the funds referred to in the
resolution cover an unexpended balance.
If the Council will adopt this resolution
at its meeting Monday night, and you will send me a
certified copy, I will arrange for the commissioners
to deliver a check to the City and the assignments
of the restricted accounts.
Very truly yours,
0 II
AWD:TRI
encl.
06/11‘,A,
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