HomeMy WebLinkAbout6697ORDINANCE N0. 6697.
AN ORDINANCE APPROPRIATING? $1180263.2 FOR THE PAYN NT OF
MATURING PRINCIPAL A ND SEMI- ANItt!AL INTEREST uOUPONS ON FUNDING BOND
ISSUE OF MAY 1, 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 $118..263.29 be and the same Is
hereby appropriated out of the Bond and Interest Fund of the City of
Little Rock for the payment of the following indebtedness due and pay-
able at the Chase National Dank, New York City, on November 1, 1944:
Maturing principal of bonds numbered 1125 to
1222, inclusive ....... ..............................$ 99,000.00
Interest coupons numbered 38 due November 11 1944
for semi - Annual interest on Funding Bonds Nos.
1125 to 1910, inclusive, dated May 1, 1P25,
(total principal being $786,000.00).. ............... 17,695.00
Interest coupons numbered 18 due November 1, 1944
for semi- annual interest on Refunding Bonds Nos.
1 to 66, inclusive, dated November 1, 1935,
( total principal being $33,000-00) .................. 742.50
Interest coupons numbered 12 due November 1, 1944
for semi - annual interest on Refunding Bonds Nos.
1 to 75, inclusive, dated November 1, 19361
(total principal being $75,000.00).................. 1,687.50
Commission for paying maturing principal
(1 /10 of 1% of X99,000.00)...: ...................... 98.00
Commission for paying coupons due November 1, 1944
(1 /4- of 1% of X20, 115 .00).... ...................... _.god
TOTAL $1180263.2q.
SECTION 2. The Mayor and City Clerk are hereby authorized
to issue the City's warrant or warrents therefor, drawn on the Bond
and Interest Fund, payable to the Peoples National Bank, Little Rock,
Arks x.sa.s, 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
arrenp,ements as are necessary for the negotiations for and the trans-
mittal of these funds to the Chase National Pank of New York City to
meet the due date of November 1 , 1944.
SECTION 4. This ordinance shall take effect and be in force
from and after its passage and approval.
PASSED: October 16 , 1944.
ATTEST: API ED:
City Clerk. mayor.