2146 (25)
RESOLUTION NO, 21L6
A RESOLUTION CALLING FOR REDEMPTION ALL OF
THE OUTSTANDING WATERWORKS IMPROVEMENT
REVENUE BONDS OF 1952 OF THE CITY OF LITTLE
ROCK, ARKANSAS, FIXING THE FORM OF THE NO-
TICE OF REDEMPTION AND PROVIDING FOR THE
PUBLICATION AND FILING OF SUCH NOTICE
WHEREAS, the $9,585,000 Water Revenue Bonds (Series 1956)
of The City of Little Rock, Arkansas, dated August 1, 1956, which
were authorized by Ordinance No. 10,364, passed by the City Council
on November 26, 1956, and are to be issued under the provisions of
Section 208 of the Trust Indenture authorized by said Ordinance, for
the purpose of (i) providing funds, with other moneys available for
such purpose, for paying and redeeming all the outstanding Water-
works Improvement Revenue Bonds of 1952, including the payment of
the interest thereon to the date of such redemption, and (ii) paying
the cost of certain betterments and improvements of the Waterworks
System of the City, have been duly sold at public sale; now, there-
fore,
BE IT RESOLVED by the City Council of The City of Little
Rock, Arkansas:
Section 1. All of the outstanding Waterworks Improvement
Revenue Bonds of 1952 of The City of Little Rock, Arkansas, dated
November 1, 1952, which are stated to mature after November 1, 1957,
shall be and are hereby called for redemption on November 1, 1957,
in accordance with the provisions of Ordinance No. 9051, passed and
enacted by the City Council on November 10, 1952, authorizing the
issuance of said bonds.
Section 2. The notice calling said outstanding bonds for
redemption shall be substantially in the following form:
NOTICE OF REDEMPTION
THE CITY OF LITTLE ROCK, ARKANSAS
WATERWORKS IMPROVEMENT REVENUE BONDS OF 1952
DATED NOVEMBER 1, 1952
NOTICE IS HEREBY GIVEN that, in accordance with the pro-
visions of Ordinance No. 9051, passed and enacted by the City
Council of The City of Little Rock, Arkansas, on November 10, 1952,
The City of Little Rock, Arkansas, intends to redeem and has called
and does hereby call for redemption on
November 1, 1957,
all of the outstanding Waterworks Improvement Revenue Bonds of 1952
of said City, dated November 1, 1952, which are stated to mature
after said redemption date, at the principal amount thereof, to-
gether with the interest accrued thereon to November 1, 1957. The
bonds so called for redemption are numbered and mature annually,
November 1, in the following years and in the following amounts,
respectively:
YEAR OF PRINCIPAL NUMBERS
MATURITY AMOUNT (all Inclusive)
1958 $48,000 190 to 237
1959 49,000 238 to 286
1960 49,000 2 7 to 335
1961 50,000 336 to 385
1962 50,000 86 to 435
1963 51,000 436 to 486
1964 52,000 487 to 538
1965 53,000 539 to 591
1966 54,000 592 to 645
1967 55,000 61+6 to 700
1968 56,000 701 to 756
1969 57,000 75 to 813
1970 59,000 814 to 872
1971 60,000 873 to 932
1972 62,000 933 to 994
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The bonds so called for redemption will become and be
due and payable on November 1, 1957, at The First National Bank
in Little Rock (formerly The Peoples National Bank of Little
Rock), Little Rock, Arkansas, the place at which the principal of
and the interest on said bonds are payable, at the principal
amount of said bonds and the interest accrued thereon, and after
said date interest on said bonds shall cease to accrue and interest
coupons maturing after said date shall be void.
Payment of the redemption price hereinabove specified will
be made on or after November 1, 1957, on surrender of said bonds
accompanied by all coupons appertaining thereto which mature sub-
sequent to November 1, 1957. Coupons maturing November 1, 1957
and prior thereto will be paid upon the presentation and surrender
of such coupons.
Funds for the payment of the bonds so called for redemp-
tion and for the payment of the $48,000 bonds of said issue which
mature on November 1, 1957 and are numbered 142 to 189, inclusive,
and the interest to accrue thereon, have been deposited with said
The First National Bank in Little Rock. The holder of any of said
bonds may surrender the same prior to said November 1, 1957 at
said The First National Bank in Little Rock for payment at the
principal amount of such bonds and the interest to accrue thereon
to and including the date of such prepayment.
Dated this day of , 1957.
The City of Little Rock, Arkansas
By
City Treasurer
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Section 3. The Chase Manhattan Bank, New York, N. Y.,
as Trustee under the Trust Indenture authorized by said Ordinance
No. 10,364, is hereby irrevocably instructed and directed to give
in the name of The City of Little Rock said Notice of Redemption
and to publish the same once in each week for two successive weeks
in '.rkansas azette , a newspaper of general circulation
throughout the State of Arkansas and published in the City of Little
Rock, Arkansas, the first of such publication to be within ten (10)
days after the delivery of said $9,585,000 Water Revenue Bonds
(Series 1956), and to file a copy of such notice with said The
First National Bank in Little Rock, Little Rock, Arkansas.
Section 4. This resolution shall be irrevocable unless
payment for and delivery of said $9,585,000 Water Revenue Bonds
(Series 1956) shall not be made prior to June 15 , 1957.
Section 5. The City Clerk of the City is hereby authorized
and directed to certify ten (10) copies of this resolution and to
cause two copies so certified to be filed with The Chase Manhattan
Bank, 37 Wall Street, New York, N. Y. , and to deliver the remaining
copies to the Waterworks Commission of the City for the preparation
of the transcripts in relation to said $9,585,000 Water Revenue Bonds
(Series 1956) .
Section 6. This resolution shall be in full force and
effect immediately upon its passage.
Adopted: April 29, , 1957 .
AP PROV_ D:
AT=T::
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-4- Mayor
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City Clerk
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