1718 RESOLUTION NO. 1718
A RESOLUTION TO AMEND RESOLUTION #1713 AUTH) RIZING THE MAYOR
AND THE BOARD OF WATERWORKS COMMISSIONERS TO TAKE
ALL STEPS NECESSARY, INCIDENTAL OR CONVENIENT TO
ACQUIRE THE GAS DISTRIBUTION SYSTEM; TO EMPLOY THE
NECESSARY PERSONNEL THEREFOR AND TO PROVIDE FOR THE
MANAGEiV NT AND C ONTRD L OF SA ID SYSTEM AFTER PURCHASE;
AND FOR OTHER PURPOSES.
WHEREAS, Resolution x1713, authorizing the Mayor and
the Board of Waterworks Commissioners of the City of Little
rock to take all steps necessary , incidental or convenient to
acquire the Gas Distribution System and to employ the necessary
personnel therefor and to provide for the sale of bonds for the
payment thereof, was passed on August 12, 1946; and
WHEREAS , the Mayor has requested the Council to elimi-
nate him as an agent to act in this matter ; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK,
ARKANSAS:
Section 1 . That Section 2 of Resolution #1713 be amended
to read as follows :
",Dection 2. That the Board of Waterworks Commis-
sioners of the Little Rock Municipal eater Works
be and they are hereby authorized and directed to
take all steps necessary, incidental or convenient
for acquiring the Gas Distribution System of the
Arkansas Louisiana Gas Company in theCity of Little
Rock; to employ auditors, attorneys , and engineers ,
and all others necessary for said purchase and to
pay just and reasonable compensation for said ser-
vices ; to provide for the sale of bonds payable
solely out of the net revenues of the Gas System
and secured by a mortgage on said Gas "ystem and
#2
property and to further pledge the gas revenues
for the payment thereof; and for the execution and
delivery of all instruments necessary or incidental
to the purchase of said System; to pledge, to the
Board of ti`waterworks Commissioners that the City
Council will approve and make payment of all con-
tracts entered into by said Commissioners for the
payment of just and reasonable compensation for
the personnel to assist the City in the acquisition
of said Gas Distribution System."
BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK,
ARKANSAS:
Section 2. That the Board of ?A'aterworks Commissioners be and they
are hereby authorized and directed to include in their trust indenture
or contract for the sale of bonds a provision that after setting up all
necessary expense for operation; maintenance , depreciation, extensions ,
and improvements, and reserves for the protection of the bond issue as
may be required, that any and all surplus left in the gas revenues as
received by the Uater Board in the operation of said plant be paid into
the General -.evenue Fund of the City of Little Rock.
Section 3. That the Board of ':waterworks Commissioners be further
instructed and directed to include in said trust agreement a provision
that the operation, control and management of the gas distribution sys-
tem shall be placed in the Board of Waterworks Commissioners for the City
of Little Rock and that same shall be and remain in the Board of Water-
works Commissioners until all bonds, with interest thereon, are paid in
full as a guarantee of efficient management of said system during the life
of said bonds.
Section 4. That there be set aside and paid over to the Little Rock
Public School District, each year from any funds received from the gas
Distribution System, a sum of money equal to the amount of tax which said
school would have received from said properties as operated by a private
utility.
Section 5. This resolution shall take effect and be in
#3.
force from and after its passage .
ADOPTED:_ August 26th 1946.
APPROVED:
ATTEST :
Mayor
it
City lark
RESOLUTION NO. 1718.
A Resolution to Amend Resolution- No.
1713 Authorizing the- Mayor and the
Board of Waterworks Commissioners to
Take All.Steps Necessary, Incidental or Legal Rates of Advertising, $1.00 Per Square for First Insertion and 50c for
Convenient to Acquire the Gas Distribu-
tion System; to Employ the Necessary Each Subsequent Insertion
Personnel Therefor and to Provide for
, the Management and Control of Said
System After Purchase; and for Other
Purposes. STATE OF ARKANSAS,
Whereas. Resolution No. 1713. authoriz-
ing the Mayor and the Board of Water- SS,
works Commissioners of the City of Little County of Pulaski,
Rock to take all steps necessary, inciden- /�j7�,
i tri or convenient to acquire the Gas Des-
!tribution System and to employ the nec- '/��CJ
1 essary personnel therefor and to provide I, / i �%YYL.Q/yt-) do solemnly swear that
i for the sale of bonds for the payment
thereof, was passed on August 12, 1946, I am the Publi3her, - r, Principal Accountant of the Arkansas
and t Democra
Whereas, the'^bfayor has requested the , a daily newspaper printed and published in said County, State of
Council to eliminate him as an agent to Arkansas; that I was so related to this publication at and during the publica-
'act in this matter: now, therefore,
Be It Ordained by the City Council of the tion of the annexed legal advertisement in the case of
Section of Little T Rock, iona2 of / >( v
Section 1. That Section 2 of Resolution
No. 1713 be amended to read as follows:
"Section 2. That the Board of Water-.
works Commissioners of the Little Rock
Municipal Water Works be and they are
hereby authorized and directed to take alit
steps necessary, incidental or convenient.'
for acquiring the Gas Distribution Sys-:; pending in the Court, in said County, and at the dates
Cent=oFdhe Arkansas Louisiana Gas Corn-- of the several publications of said advertisement hereinafter stated, and that
pany in the City of Little Rock: to em-
ploy auditors,,attorneys and engineers, and I during said periods and' at said dates, said newsaper printed and had a
all others necessary for said purchase and p er was p
to pay just and reasonable compensation bona fide circulation in said County; that said newspaper had been regularly
for said service; to provide for the sale printed and
of bonds payable solely out of the net P published in said County, and had a bona fide circulation therein
revenues of the Gas System and secured for the eriod-of one month before th
by a mortgage on said Gas System and p the date of the first publication of said
property, and to further pledge the gas ;; advertisement; and that said advertisement was published in the regular
revenues for the payment live ry of all instru-thereof; and for
the execution and delivery daily issues of said newspaper on the following days:
�'
ments necessary or incidental to the pur- ,' '�`�T/ ��
chase of Waterworks System; to Commissioners to that - C';� �
Board of Waterworks Commissioners that ? . ,
the City Council will approve and make -
payment of all contracts entered into by ••
said Commissioners for the payment of
just and reasonable compensation for the
personnel to assist the City in the acqui-
sition of said Gas Distribution System."
Be It Further Resolved by the City Coun-
cil of the City of Little Rock, Arkansas: t
N
Section 2. That the Board of Water- `
works Commissioners he and they are _,
hereby authorized and directed to include
in their trust; indenture or contract for •,
I the sale of bonds a provision that after
setting up all necessary expense for opera-
,,lion„maintenance. depreciation. extensions
Hind improvements, and reserves for the \ \
,.protection of the bond issue as may be
•
I required, that any and all surplus left in
1 the gas revenues as received by the Water
Board in the operation of said plant be /� O�--
paid into the General Revenue Fund of the
City ti Little Rock. Fees for Printing Section 3. That the Board of Water- g, $ Subscribed a o,. sworn to before me this
1 works Commissioners be further instruct-
ed and directed to include in said trust 1 Cost of Proof,
__
$ day Of. 1
c pTCec, n s 'zfl{Once et"' , >. 194. . .
FM .pa$<a8etedeAugUSAPPrOpAN T 9YgIa�°f''' Total, $ ... . �, ��•AdoP
sit" c,etK .f Notary Public.
`\Aii,est. GR.1.1h put �O aJ,