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ORDINANCE NO. 9648
AN ORDINANCE SUBMITTING TO THE VOTERS OF THE CITY OF
LITTLE ROCK, ARKANSAS THE QUESTION OF ISSUING BONDS
FOR THE PURPOSE OF ACQUIRING SITES FOR AND EQUIPPING
GARBAGE DISPOSAL PLANTS; PRESCRIBING OTHER MATTERS
RELATING THERETO; AND DECLARING AN EMERGENCY
WHEREAS the City Council
for the disposal of garbage in the
adequate; and
WHEREAS the City Council
welfare and safety of the citizens
quire additional sites and equipmei
order that garbage may be properly
WHEREAS the City Council
finds that the present facilities
City of Little Rock are wholly in-
finds it necessary for the health,
of the City of Little Rock to ac-
at for garbage disposal plants in
and safely disposed of; and
has determined that the estimated
cost of the proposed project is $75,000; and since the City does not
have sufficient funds available, it will be necessary to issue and
sell bonds of the City in the aggregate principal amount of $75,000;
and
WHEREAS the City of Little Rock is a city of the first
class and has authority under Amendment No. 13 to the Constitutibn
of the State of Arkansas, subject to the approval of its electors,to
issue bonds for that purpose;
NOW, THEREFORE, BE IT ORDAINED by the City Council of the
City of Little Rock, Arkansas:
Section 1. That there be submitted to the electors at
the general election to be held in the City of Little Rock, Arkansas
on Tuesday, November 2, 195+, the question of issuing $75,000 in
bonds to be dated February 1, 1955 for the purpose of acquiring sites
for and equipping garbage disposal plants. The bonds are to be sold
at public sale and shall bear interest at a rate not to exceed two
and one -half per cent (220) per annum, payable semi- annually on
February 1 and August 1 of each year, commencing August 1, 1955. The
bonds are to mature on February 1, 1959, but shall be callable at the
option of the City on such terms as may be specified in the notice of
sale.
Section 2. That said question be placed on the ballot for
the election in substantially the following form:
Vote on measure by placing an "X" in the square
above the measure either for or against:
For the issuance of bonds in
the amount of $75,000......600# ....
Against the issuance of bonds
in the amount of $75,000 ...................�Q
It is proposed to issue $75,000 in bonds, maturing
on February 1, 1959, to bear interest at a rate not
to exceed 2fl/ per annum,for the purpose of acquiring
sites for and equipping garbage disposal plants.
Section 3. That said election shall be held and conducted
and the vote canvassed and the results declared under the law and in
the manner now provided for municipal elections, and the Mayor of the
City of Little Rock is hereby authorized and directed to give notice
of the election by an advertisement published weekly once a week for
four (4) consecutive weeks in a newspaper published in the City of
Little Rock, Arkansas and having a bona fide circulation therein, the
last publication to be not less than ten (10) days prior to the date
of the election, and only qualified voters of the City of Little Rock,
Arkansas shall have the right to vote at said election on said question.
Section 4. That the result of said election shall be pro-
claimed by the Mayor and his proclamation shall be published one time
in a newspaper published in the City of Little Rock, Arkansas, and
the result of said election as proclaimed by the Mayor shall be con-
clusive unless attacked in the courts within thirty (30) days after
the date of such proclamation.
Section 5. That it is hereby ascertained and declared that
the present facilities for the disposal of garbage in the City of
Little Rock, Arkansas are wholly inadequate with the result that the
health, safety and welfare of the inhabitants of the City are in danger,
and that only by the issuance of the bonds above referred to can adequate
facilities be made available. It is, therefore, declared that an
emergency exists and this ordinance being necessary for the preservation
Page 3
of the public peace, health and safety shall be in force and take
effect immediately on and after its passage.
PASSED: September 27 , 191- +.
APPROVED:
Ac ing Mayor
ATTES
` City Clerk