HomeMy WebLinkAbout6540ORDINANCE No. 6540
AN ORDINANCE APPROPRIATING $22,230.00 FOR PAYMENT OF SEMI-
ANNUAL INTEREST COUPONS ON FUNDING BOND ISSUE OF MAY 1, 1925;
SEMI - ANNUAL INTEREST COUPONS ON REFUNDING BOND ISSUE OF NOVEMBER 1,
1935; SEMI- ANNUAL INTEREST COUPONS ON REFUNDING BOND ISSUE OF
NOVE9BER 1, 1938; APPROPRIATING $55.58 FOR PAYING AGENTS CHARGES FOR
PAYMENT OF SAID SEMI - ANNUAL INTEREST; AND FOR OTHER PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LIT`rLE
ROCK, ARKANSAS:
SECTION 1. That the sum of $22,230.00 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
payable at the Chase National Bank, New York City: �r
Interest Coupons No. 35 due May 1, 1943 for semi - annual
interest on Funding Bonds Nos. 1031 to 1910, inclusive,
dated May 1 1925, amount $19,800.00 (total principal being
$88O,000.00�.
Interest Coupons No. 15 due May 1, 1943 for semi - annual
interest on Refunding Bonds Nos. 1 to 66, inclusive, dated
November 1 1935, amount $742.50 (total principal being
$33,000.00.
f Interest Coupons No. 9 due May 1, 1943 for semi- annual
interest on Refunding Bonds Nos. 1 to 75, inclusive, dated
November 1 1938, amount $1,657.50 (total principal being
$75, 000.00 .
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SECTION 2. That the sum of $55.59 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 charges due the Chase National
Bank as paying agent's fees in conneotion with the payment of the
aforesaid semi - annual interest coupons, as follows:
Commission for paying coupons due May 1, 1943s 1/4 of 1,%
of $22, 230.00 ............. ........................$55.58.
SECTION 3. The Mayor and City Clerk are hereby authorized
to issue the City's warrant or warrants therefor, drawn on the Bond
and Interest Fund, for the purposes herein recited; and the City
Clerk is hereby authorized to make such arrangements as are necessary
for the transmittal of these funds to the Chase National Bank of New
York City. to meet the due date of May 1, 1943 of said semi - annual
interest payments and paying'agent's charges.
SECTION 4. This ordinance shall take effect and be in
force from and after its passage and approval.
PASSED: April 5, 1943
ATTEST: APPR D:
City Clerk. Mayor.