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RESOLUTION NUMBER 2239
A RESOLUTION ALLOCATING THE SURPLUS AMOUNT OF MONEY
REMAINING AFTER THE PAYMENT OF THE 1zla GENERAL OBLI-
GATION CITY LIBRARY BONDS, WITH ALL INTEREST THEREON,
SAID BONDS HAVING BEEN ISSUED PURSUANT TO ORDINANCE
NO. 9448 OF THE ORDINANCES 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 the 1 General
Obligation City Library Bonds issued pursuant to Ordinance No.
9448 of the Ordinances of the City of Little Rock, Arkansas ; and,
WHEREAS, the City of Little Rock 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
the Library Bond Fund; and,
WHEREAS, said bonds with interest thereon have now been paid
in full; and,
WHEREAS, the sum of approximately $7, 050.00 now remains in
the Sinking Fund and Interest Account of said bonds ; and,
WHEREAS, the cost of refunding said amount of money 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 2ESOLV D 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 1z%
General Obligation City Library Bonds issued under the authority
of Ordinance No. 9448 of the Ordinances of the City of Little Rock,
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Arkansas IS HEREBY ALLOCATED AND DEDICATED for use, so far as said
sum of money may extend, to the purchase of equipment for use in
the Little Rock Public Library.
SECTION 2. This Resolution shall be in full force and effect from
and after its passage.
ADOPTED: September 15, 1958
APPROVED: ' `•
yor
ATTEST /, t . PO ce_
City Clerk
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