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4377 RESOLUTION NO. 4,377 A RESOLUTION AUTHORIZING THE PURCHASE OF A PARCEL OF LAND FROM McGEORGE CONTRACTING COMPANY , INC. , CONTAINING 40 ACRES , MORE OR LESS , AND .NEEDED AS AN ADDITION TO GILLAM PARK; AND FOR OTHER PURPOSES . NOW, THEREFORE , BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS . SECTION 1 . The City Manager is hereby authorized to proceed with the acquisition from McGeorge Contracting Company , Inc. , the following parcel of property to be used as an addition to Gillam Park and pay the sum of $48 ,621 . 60 for said purchase to the person or persons entitled thereto according to the opinion of the City Attorney so as to vest full legal title to the City of Little Rock, Arkansas : Tracts 1-16 inclusive of the subdivision of the South half of the SW fractional one-fourth, east of the Quapaw line , in Section 23 , Township 1 North , Range 12 West, all lying and being situate in the County of Pulaski , State of Arkansas . SECTION 2 . The amount of the purchase price herein provided shall be paid from those funds received from Arkansas Pit and Quarry Company on the sale of certain lands belonging to the City of Little Rock; said sale being authorized by Resolution No . 4370 , dated April 20 , 1970. SECTION 3 . This Resolution shall be in full force and effect from and after its adoption. ADOPTED: May 4, 1970 ATTEST: APPROVED: Al( City Cler ayor 1