HomeMy WebLinkAbout4233;N
C
ORDINANCE N0. x+233 ,
AN ORDINANCE APPROPRIATING $42,930:00 FOR PAYMENT
OF INTEREST COUPONS OF FUNDING BOND ISSUE OF MAY 1, 1925, OF THE
CITY OF LITTLE ROCK, AND FOR OTHER PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK:
Section 1. That the sum of 42,930.00 be
and the same is hereby appropriated out of the Bond and Interest
Fund for payment of the following indebtedness of the City of
Little Rock, due and payable at the Chase National Bank of New
York City on November 1, 1927:
Interest Coupons No. 4 for six (6) months
interest on the Funding Bonds Numbered 3
to 1910, inclusive, dated May 1, 1925, total
principal being $ 11908,000, the amount
of said interest being ............ $ 42,930.00;
and the May 6r and City.Clerk are hereby authorized to issue a
warrant therefor, payable to the Peoples Savings Bank, for the
Purposes herein recited, of such maturity as they deem for the
best interests of the City.
Section 2.. That the City Treasurer is hereby
directed to forward to the Chase National Bank of New York City,
out,of the Bond and Interest Fund the sum of $20,000.00 to pay
the principal of Funding Bonds numbered 3 to 22, inclusive, same
being due and payable at said Chase National Bank of New York
City on November 1, 1927-
Section 3. All ordinances or parts of ordi-
ngnces in conflict herewith are hereby repealed and this ordinan,
shall take effect and be in force from and after its passage.
Passed: October 12, 1927-
Attest-
Approved:
Mayor.
J