1416 RESOLUTION NO. 1416
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LITTLE
ROCK, ARKANSAS:
Section to That the City Clerk be and he is hereby
instructed to publish in the Arkansas Democrat, a newspaper
published in the City of Little Rock, and having a bona fide
circulation therein, the following notice, which shall be
published once a week until the day fixed for sale of bonds,
the first publication to be at least twenty days before the
date of said sale:
NOTICE OF BOND SALE
Notice is hereby given that the Mayor and City Council
of the City of Little Rock, Arkansas, at a meeting of the City
Council to be held in Council Chambers at g o' clock ilM.
on the I day of avuA.4.447 , 193$, will offer for sale
for cash at public sale $25,000.00 of bonds of said City, is-
sued for the purpose of paying' part of the co st of construction
and equipment of an Addition to City Library; said bonds are
dated February 1, 1937, and maturing on August 1, in the amounts
and years as follows:
1940 $1,500600
1941 1,500000
1942 1,500600
1943 1,500.00
1944 1,500.00
1945 1,500000
1946 1,500600
1947 1,500600
1948 2,000.00
1949 2,000600
1950 2,000.00
1951 2,000.00
1952 2,000000
1953 2,000.00
1954 1,000600
Said bonds being negotiable general obligatihn bonds,
bearing interest at the rate of four per cent per annum, payable
semi-annually. For the payment of said bonds a tax of .10 mills
has been levied on all taxable property in the City of Little
Rock for each of the years 1937 to 1954, inclusive. Said
bonds having been issued pursuant to an election duly held
on the 26th day of January, 1937.
The City ,will furnish the printed bonds and reserves
the right to rejeet any or all bids.
Section 2. It is ascertained and declared that by
reason of the present economic conditions many citizens of
the City are out of work, and the improvements herein provided
would furnish work for a large number of persons and thereby
add to the peace and happiness of the City; further, that the
lack of an adequate City Library endangers the peace, health
and safety of the residents of said City. It is therefore,
declared that an emergency exists, that this resolution is ,
necessary for the immediate preservation of the public peace,
health and safety, and that this resolution shall take effect
and be in force from and after its passage.
APPROVE _-e1
irayor
Adopted: December 131 1937.
ATTEST:
A.P.
City C erk