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2074 RESOLUTION NO. 2074 A RESOLUTION ACCEPTING THE PROPOSAL OF CITIZENS COACH COMPANY TO PROVIDE MASS TRANSPORTATION FOR THE CITY OF LITTLE ROCK WHEREAS, the City Council of the City of Little Rock finds that the proposal to provide mass transportation for the City of Little Rock made by Citizens Coach Company is to the best interest ofthe City of Little Rock and should be accepted ; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK, ARKANSAS : SECTION 1. That the proposal of Citizens Coach Company to provide mass transportation for the City of Little Rock be and it is hereby accepted . SECTION 2. That the City Attorney be and he is hereby directed to prepare and submit to the City Council an ordinance granting to Citizens Coach Company a franchise consistent with Ordinance No . 7373 of the ordinances of the City of Little Rock and with the said proposal for a term of fifteen (15) years, and providing that the franchise shall not issue thereunder until the Citizens Coach Company shall provide the performance bond, as may be required by said ordinance, and insurance, as may be required by law. SECTION 3 . The City Council finds that the City of Little Rock is without adequate transportation service, and that the City is threatened with discontinuance or diminution of its present transportation service ; that the lack of adequate transportation service creates traffic congestion and subjects the City of Little Rock to greater fire hazards and greatly endangers the life, health and property of the inhabitants of the City of Little Rock, and that it is necessary that the City of Little Rock provide immediately for a transportation service adequate to protect and preserve the life, health and property of its inhabitants . 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 Rdopti®n. ADOPTED : January 31, , 1956 . APPR VED: / / a i/ ...rte.. Ar/% P• a • - . ATTEST: City Clerk. - 2 -