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ORDINANCE NO. 9363
AN ORDINANCE SUBMITTING TO THE VOTERS OF THE CITY
OF LITTLE ROCK, ARKANSAS.THE QUESTION OF ISSUING
BONDS.FOR THE.PURPOSE OF ACQUIRING A SITE.FOR..AN
ADDITION TO-THE CITY LIBRARY: PRESCRIBING OTHER
MATTERS RELATING THERETO AND DECLARING.AN EMERGENCY.
WHEREAS the City Council finds it necessary for the health,
safety and welfare of the inhabitants and citizens of the City of
Little Rock, Arkansas to acquire a site for an addition to the City
Library;and
WHEREAS,the City Council has determined that the estimated
cost thereof is $120,000, and since the city does not have sufficient
funds available for that purpose, it will be necessary to issue and
sell bonds of the city in the aggregate principal amount of $120,000;
and
WHEREAS the City of Little Rock is a city of the first
class and has authority under Amendment No. 13 to the Constitution
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 for municipal officials to be held in the City of
Little Rock, Arkansas on Tuesday, November 3. 1953 the question of
issuing $120,000 in bonds to be dated February 1, 1954 for the pur-
pose of acquiring a site for an addition to the City Library. 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 (2) per annum, payable
semi - annually on February 1 and August 1 of each year, commencing
August 1, 1954. The bonds are to mature on February 1, 1958. The
bonds shall be callable at the option of the city on such terms
as the city may specify in.;the notice of sale.
SECTION 2. That said question be placed on the ballot for
the election in substantially the following form:
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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 $120,000 .................. .
AGAINST the issuance of bonds
in the.amount of $l20,000,, * .............Q
It is proposed to issue $120,000 in bonds, matur-
ing on February 1, 1958, to bear interest at a
rate not to exceed 20 per annum, for the purpose
of acquiring a site for an addition to the City
Library.
SECTION 3. That said election shall be held and con-
ducted 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 circu-
lation 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 conclusive unless attacked in the courts within thirty (30) days
,after the date of such proclamation.
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SECTION 5. That it is hereby ascertained and declared that
the City Library facilities in the City of Little Rock are wholly in-
adequate and that there is an immediate and urgent need for the ac-
quisition of a site for an addition to the City Library, in order
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to adequately protect the health, safety and welfare of the in-
habitants of the city, 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 of the public peace, health and
safety shall be in force and take effect immediately upon and after
its passage.
PASSED; October 1, , 1953•
ATTEST:
y Clerk
APPROVED:
CERTIFICATE
JlLd�`
Mayor
The undersigned., City Clerk of the City of Little Rock,
Arkansas, hereby certifies that the foregoing pages number 1 ,-
inclusive, are a true and perfect copy of Ordinance .,Iai �- ,
passed at a ftec ial session of the City Council of Little Rock,
Arkansas, held at.the regular meeting,..p ace of the Council at
o'clock .m, on thd,_ day of ,
1953, and that said o
No. ,
(SEAL)
Given
is of record in Ordinance Record Book
my hand and seal
in my possession.
1953•
City Clerk
day of