1640 RESOLUTION NO 1640
A RESOLUTION AUTHORIZING THE CITY ATTORNEY TO ACCEPT A CERTAIN OFFER
TO CONCULDE CERTAIN LITIGATION INVOLVING THE MUICIPAL TURNBACK FUND
NOW PENDING AGAINST Th3] STATE TREASURER.
Whereas, the City of Little Rock, Arkansas has brought a suit
in the Pulaski Chancery Court against the Treasurer of the hate of
Arkansas concerning the proper credits to be made into the
Municipal Turnback Fund; and
Whereas, the outcome of said suit, when and if appealed to the
Supreme Court of the State of Arkansas, is to someextent fraught
with uncertainty; and
Whereas, an/ offer has been made on behalf of the Treaurer of the
State of Arkansas and other State Offices involved to pay into said
Municipal Turnback Fund the sum of $40,000.00 in settlement and
conclusion of the issues raised in said suit; and
Whereas, the City Council of the City of Little Rock, Arkansas
finds that said offer is fair, and to the best interests of the City
of Little Rock, Arkansas, NOW THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK, ARKA1SAS:
Section 1. The City Attorney of the City of Little Rock, Arkansas,
is hereby authorised and empowered and directed to accept theayove
described offer in settlement and conclusion of the above mentioned
litigation.
ADOPTED: st 30, 1943
APPROVED:0*► `;' 4
W ay or
ATTEST:
��� ` City Clerk.
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