HomeMy WebLinkAbout8372ORDINANCE NO. 8372
AN ORDINANCE APPROPRIATING VARIOUS SUIS OF MONEY FOR PAYD1ENTS OF
MATURING PRINCIPAL, CALLED PRINCIPAL, SEMI- ANNUAL INTEREST, AND PAYING
AGENTS' CHARGES DUE AUGUST 1ST, 1950, ON VARIOUS CITY OF LITTLE ROCK
BOND ISSUES, AND FOR OTHER PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. There is hereby appropriated out of the various
funds of the City of Little Rock the sums of money as herein recited
for payment of the City's obligations on various bond requirements due
August 1st, 1950, as follows:
Auditorium Bond Fund - 4% Municipal Auditorium Bonds:
Maturing principal $3,000.00
Semi - annual interest 60.00
Paying Agent's charges 8.00
!P3 8.=
Auditorium Bond Fund - 2% Municipal Auditorium Refunding Bonds:
Maturing principal $179500.00
Called principal 10,000.00
Semi - annual interest 3,645.00
Paying Agent's charges 36.61
Library Annex Bond Fund - 4% Addition to City Library Bonds:
Maturing principal $2,000.00
Semi - annual interest 180.00
Paying Agent's charges 7.00
s- =7.00
Negro Park Bond Fund - 4% Negro Park Bonds:
Maturing principal $1,500.00
Semi - annual interest 60.00
Paying Agent's charges ,6.500
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SECTION 2, The Mayor and City Clerk are hereby authorized
to issue the City's warrants on the respective funds and for the
respective amounts and purposes herein mentioned; and the City Clerk
is hereby authorized to make such arrangements as are necessary for the
transmittal of these funds to the proper paying agents to meet the due
dates of August 1, 1950-
SECTION 3. This ordinance shall take effect and be in force
from and after its passage.
PASSED: July 10, 1950.
ATTEST :
City Clerk
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APPROVED: