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2722 RESOLUTION NO. 2,722 A RESOLUTION AUTHORIZING THE EXPENDITURE OF ONE HUNDRED TWENTY ONE AND 60/100 DOLLARS ($121 .60) TO E. R. DAILEY AS FULL COMPROMISE AND SETTLEMENT FOR DAMAGES TO HIS AUTOMOBILE ARISING OUT OF A COLLISION WITH A VEHICLE OWNED BY THE CITY OF LITTLE ROCK, ARKANSAS; AND FOR OTHER PURPOSES. WHEREAS, the City of Little Rock, by Ordinance No. 10,949 , established standards and procedure for the processing of personal property damage claims made against the City of Little Rock, which Ordinance, among other things, provided that the City Manager would have authority to settle and pay claims not exceeding One Hundred Dol- lars ($100 .00) ; and WHEREAS, the claim of E. R. Dailey exceeds the One Hundred Dollar ($100 .00) limitation; and WHEREAS, the City Manager and City Attorney recouuuend that said claim be settled for One Hundred Twenty One and 60/100 Dollars ($121.60) ; and WHEREAS, the Board of Directors desires to authorize payment to E. R. Dailey of the sum of One Hundred Twenty One and 60/100 Dol- lars ($121.60) as full compromise and settlement for damages to his vehicle; NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS : SECTION 1. There is hereby approved the expenditure of One Hundred Twenty One and 60/100 Dollars ($121 .60) to E. R. Dailey as full compromise and settlement for damages to his vehicle arising out of a collision with a vehicle owned by the City of Little Rock, which occurred on December 4, 1960, in the 1800 Block on West 24th Street in the City of Little Rock, Arkansas . SECTION 2. The money paid pursuant to Section 1 of this Resolution shall be charged to Account No. 5 .1 in accordance with -2- Section 6 of Ordinance No. 10,949 . SECTION 3 . The City Manager and Director of Finance are hereby authorized and directed to execute the necessary warrant for the payment of money approved in Section 1 hereinabove. SECTION 4. This resolution shall be in full force and effect from and after its adoption. ADOPTED: July 5, 1961 ATTES APPROVED: City Clerk M..yo-r .