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HomeMy WebLinkAbout4314ko ORDINANCE N0. 4314 AN ORDINANCE APPROPRIATING THE SUM OF FORTY -TAO THOUSAND FOUR HUNDRED AND EIGHTY DOLLARS ($42,450.00) FOR PA OF SEMI- ANNUAL INTEREST COUPONS ON FUNDING BOND ISSUE OF MAY 1, 1925, AND FOR OTHER PURPOSES. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROM Section 1. That the sum of Forty -two Thousand Four Hundred and Eighty Dollars ($42,450.00) be and the same is hereby appropriated out of the Bond and Interest Fund of the Ci of Little Rock for payment of the following indebtedness, due and payable at the Chase National Bank of New York City: Interest Coupons No. 5, Due May 1, 1925, for Semi - Annual Interest on Funding Bonds BOB. 23 to 1910, inclusive, Dated May 1, 19252 (Total Principal being $ 1,5552000.00); and the Mayor and City Clerk are hereby authorized to issue warrant or warrants therefor, payable to the Peoples Savings Bank of the City of Little Rock, Arkansas, in such amounts as may be deemed for the best interests of the City; the Peoples Savings Bank to remit the amount received to the Chase National Bank of New York City for the purposes herein recited. Section 2. That all ordinances or parts of ordinances in conflict herewith are hereby repealed and this ordinance shall take effect and be in force from and after its passage. Passed: April 9, 1925. Attest: /, Approved: t Clerk. ` Mayor. Y