HomeMy WebLinkAbout6598ORDINANCE N0. 65=
AN ORDI ANC R APPROPRIATING $116:379-58 FOR THE PAY)ANT OF
MATURING PRINCIPAL AND SEMI- ANNUAL INTEREST COUPONS 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 Or NOVEMBER 1, 1939, AND PAYING€ AGENTS CHARGES THEREON;
AND FOR OTHER PU1 P Gee ES.
BE IT ORDAINED BY THE CITY ODUNCIL OF TRZ CITY Or LITTLE
ROCS, ARKANSAS:
SECTION 1. That the sum of $116,379-59 be and
the same is
hereby appropriated out of the Bond and Interest Fard of
the City of
I Lithe Rook for the payment of the following indebtedness
due and iii=
able at the Cia, se National Bank, New York City , on November
1, 1943:
Maturing principal of bonds numbered 1031 to
1124, inclusive . ........................... 0.0.0 0 ...
$ 94,000900
Interest coupons numbered 36 due November 1, 1943
for semi - annual interest on Funding Bonds Nos.
1031 to 1910, inclusive dated May 1, 1925,
( total pri not pal b el. ng WO ,000.00) 0 0 0 0 ....... 0 . 0 0 9 .
19 ,900.00
Interest coupons numbered 16 due November 1, 1943
for semi - annual interest on Refunding Bonds Nos.
.1 to 66, inclusive, dated November 1, 1935s
(total principal being $33.,000-00) ..................
742.50
I
Interest coupons numbered 10 due November 1, 1943
for semi - annual interest on Refunding Bonds Nos.
1 to 75, inclusive, dated November 1, 1939 ,
(total principal being $75,000.00) ..................
1,697.50
Commission for paying maturing principal
(1 /10 of 1% of $94, 000 .00)..... .....................
94.00
Commission for paying coupons due November 1, 1943
(1/4 of 1% of $22, 230 .00) .........................._
55.58
TOTAL
$116079.59•
j 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,
Arkansas, for the payment of the maturirg principal., semi-annual
interest and paying agents charges heroin recited.
- SECTION 3. The CI 1W Clerk is hereby authorized to npk "'.044U,
arrangements as are necessary for the negotiations for and the trans-
mittal of the se !funds to the Chase National Bank of New York City to
most the due date of Novemb or 1, 1943.
SECTION 4. This ordinance shall take effect and be in force
from and after its passage and approval.
PASSED: October 11 , 1943-
ATTEST:
City Clerk