HomeMy WebLinkAbout8103ORDINANCE N0. 8103
AN ORDINANCE APPROPRIATING $130,197.14 FOR THE PAYMENT OF
MATURING PRINCIPAL AND SEMI - ANNUAL INTEREST COUPONS ON FUNDING BOND
ISSUE OF MAY 10 1925, AND SEMI - ANNUAL INTEREST COUPONS ON REFUNDING
BOND ISSUE OF NOVEMBER 1, 1935, AND SEMI - ANNUAL INTEREST ON REFUND-
ING BOND ISSUE OF NOVEMBER 1, 1938, AND PAYING AGENTS CHARGES THEREON;
AND FOR OTHER PURPOSES,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. That the sum of $130,197.14 be and the same is
hereby appropriated out of the 'Bond and Interest Fund of the City of
Little Rock for the payment of the following indebtedness due and pay-
able at the Chase National Bank, New York City, on November 1, 1949;
Maturing principal of bonds numbered 1661 to
of
1782, inclusive $1220000.00
Interest coupons numbered 48 due November 1 1949
Chase National Bank of New York City
for semi - annual interest on Funding Bonds Nos.
1661 to 1910, inclusive
due
dated May 1, 1925
(total principal being 4250,000.00)
5,625.00
Interest coupons numbered 28 due November 1, 1949
for semi- annual interest on Refunding Bonds Nos.
1 to 669 inclusive,
dated November 1, 1935,
(total principal being $33,000.00)
742.50
Interest coupons numbered 22 due November 1, 1948
for semi - annual interest on Refunding Bonds Nos.
1 to 75, inclusive, -dated November 1, 19389
(total principal being $75,000.00)
11687.50
Commission for eying maturing principal
(1 /10 of 1% 1122,000.00)
of
122.00
Commission for paying coupons due November 1, 1949
UA of 1% of $89055.00)
20.1
TOTAL 913
197-14
SECTION 2. The Mayor and City Clerk are hereby authorized
to issue the City's warrant or warrants therefor, drawn on the Bond
and Interest Fund, payable to the Peoples National Bank, Little Rock,
*rkansas, for the payment of the maturing principal, semi - annual
interest and paying agents charges herein recited.
SECTION 3. The City Clerk is hereby authorized to make
such arrangements as are necessary for the negotiations for and the
transmittal
of
these
funds to the
Chase National Bank of New York City
to meet the
due
date
of November
1, 1949,
SECTION 4. This ordinance shall take effect and be in force
from and after its passage and approval.
PASSED: September 26, 1949
ATTEST**
Ci y Clerk
APPROVED:
Mayor