HomeMy WebLinkAbout9028ORDINANCE NO. 9028
AN ORDINANCE SUBMITTING TO THE VOTERS OF THE
CITY OF LITTLE ROCK, ARKANSAS, THE QUESTION
WHETHER IT WILL ISSUE BONDS TO THE EXTENT OF
$975,000 FOR THE PURPOSE OF ACQUIRING RIGHTS
OF WAY FOR STREETS, BOULEVARDS, AND APPROACHES
TO BROADWAY AND MAIN STREET BRIDGES•, AND DECLARING
AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK:
SECTION 1. An election is hereby called to be held at the
usual polling places in the City of Little Rock on the 4th day of
November, 1952, for the purpose of determining whether the City of
Little Rock shall issue bonds to the extent of $975,000, bearing
interest at a rate not to exceed three per cent (30) per annum,
payable semiannually, said bonds to mature as follows:
$59,000 in 1956;
$60,000 in 1957;
$62,000 in 1958;
$63,000 in 1959;
$65,000 in 1960;
$662000 in 1961;
$68,000 in 1962;
$70,000 in 1963;
$72,000 in 1964;
$74,000 in 1965;
$76,000 in 1966;
$78,000 in 1967;
$80,000 in 1968;
$82,000 in 1969;
said bonds to be issued for the purpose
for streets, boulevards, and approaches
Bridges, and to be payable on February
but to be callable at the option of the
City may specify in the notice of sale,
1., 1953.
of acquiring rights of way
to Broadway and Main Street
1, in each of the said years
City on such terms as the
and to be dated February
SECTION 2. Said election shall be conducted and the votes
thereat canvassed and the result thereof declared under the law and
in the manner now provided for municipal elections, and notice of
• 1 -T,
said election shall be given by the Mayor by advertisement weekly
for at least four times in some newspaper published in the City of
Little Rock and having a bona fide circulation therein, the last
publication to be not less than ten days prior to the date of said
election.
The ballots for said election shall be marked:
FOR - - - - - - - - - - - - - -- L=
AGAINST - - - - - - - - - - - -
$975,000 issue of bonds payable serially
on February 1, 1956, to 1969, inclusive,
to bear interest at a rate not to exceed
three per cent (30) per annum, for the
purpose of acquiring rights of way for
streets, boulevards, and approaches to
Broadway and Main Street Bridges.
At said election only qualified voters of the City of Little
Rock will have the right to vote.
The result of said election shall be proclaimed by the Mayor
by publication in some newspaper published in said City of Little
Rock, and his proclamation shall advise the citizens and property
owners of said City that the result as proclaimed will be conclusive
unless attacked in the courts within thirty (30) days after the date
of such proclamation.
SECTION 3. It is ascertained and hereby declared that the
City of Little Rock is without adequate facilities for the control and
orderly handling of traffic across the Arkansas River, and that on
account thereof the safety of its inhabitants is jeopardized, their
health impaired, their welfare endangered, and their property without
proper protection, and that only by the improvements proposed to be
srecured by this Ordinance can adequate facilities be had for the
control of said traffic. It is, therefore, declared that an emergency
exists, and this Ordinance is necessary for the immediate preservation
of the public health, peace, and safety, and this Ordinance shall take
effect from and after its passage.
PASSED: September 29, 1952.
APPROVED:
Mayor
ATTEST
'tyClerk
- 2 -