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2905 RESOLUTION NO. 2,905 A RESOLUTION AUTHORIZING THE EXPENDITURE OF ONE HUNDRED NINETY FOUR AND 98/100 DOLLARS ($194.98) TO GEORGE WALLACE 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 against the City of Little Rock, which Ordi- nance, among other things, provided that the City Manager would have authority to settle and pay claims not exceeding One Hundred Dollars ($100 .00) ; and WHEREAS, the claim of George Wallace exceeds the One Hundred Dollar ($100 .00) limitation; and WHEREAS, the City Manager and City Attorney recommend that said claim be settled for One Hundred Ninety Four and 98/100 Dollars ($194.98) ; and WHEREAS, the Board of Directors desires to authorize payment to George Wallace of the said sum 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 Ninety Four and 95/100 Dollars ($194.98) to George lallace 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 October 1 , 1962, at the intersection of Asher Avenue and New Benton Highway 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 Section 6 of Ordinance No. 10,949 . -2- 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: November 5, 1962 ATTESTI AI'1':OVED: , /' �,,, rSe.e.I ry✓ -, Y City �„le�« ;_ a