2237 RESOLUTION NUMBER 2237
A RESOLUTION ALLOCATING THE SURPLUS AMOUNT OF MONEY
REMAINING AFTER THE PAYMENT OR PROVISION FOR PAYMENT
OF THE FIRE APPARATUS AND FIRE STATION BONDS OF 1953
WITH ALL INTEREST THEREON, SAID BONDS HAVING BEEN
ISSUED PURSUANT TO ORDINANCE NO. 9113 OF THE ORDI-
NANCES OF THE CITY OF LITTLE ROCK, ARKANSAS, AND
FOR OTHER PURPOSES :
WHEREAS, the City of Little Rock, Arkansas has heretofore
issued and sold for value various bonds known as Fire Apparatus
and Fire Station Bonds of 1953, pursuant to the Ordinance No.
9113 of the Ordinances of the City of Little Rock, Arkansas ; and,
WHEREAS, the City of Little Rock, Arkansas, has levied a tax
for the purpose of paying said bonds and interest thereon and
placed the revenues therefrom in a Sinking Fund and Interest
Account known as Fire Department Bond Fund; and,
WHEREAS, the revenues in said Sinking Fund and Interest Account
will soon be more than sufficient to pay said bonds and interest
thereon in full through the maturity date of said bonds ; and,
WHEREAS, it is anticipated that the sum of approximately
$12, 023.92 will remain in the Sinking Fund and Interest Account
of said bonds (after the City of Little Rock has paid, or made
completely adequate provision for payment of said bonds with
interest due thereon through their maturity date) ; and,
WHEREAS, the cost of refunding said unexpended amount will
exceed the amount to be refunded; and,
WHEREAS, the said excess or surplus amount should now be used
for proper municipal purposes
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The surplus or excess amounts of money now or hereafter
remaining in the Sinking Fund and Interest Account of the Fire
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Apparatus and Fire Station Bonds of 1953, issued under the authority
of Ordinance No. 9113 of the Ordinances of the City of Little Rock
(remaining after the retention in said fund of said money or the
making of completely adequate provision for sufficient money to
pay all of said bonds, in their entirety, with interest due thereon
through maturity) IS HEREBY ALLOCATED AND DEDICATED for use, so
far as said sum of money may extend, to the purchase of a site and
the construction and equipping of a fire station thereon and the
purchasing of fire fighting apparatus therefor to serve and protect
that area in the City of Little Rock known as Meadowcliff and
adjacent areas .
SECTION 2. This Resolution shall be in full force and effect from
and after its passage.
ADOPTED: September 15, 1958
APPROVED G c.
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ATTESTI.�� . j
City Clerk
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