HomeMy WebLinkAbout6295ORDINANCE NO. 6„2,55.
AN ORDINANCE APPROPRIATING $112041-48 341.48 FOR THE PAXIEN T Off'
MATURING.. PRINCIPAL AND SEKI- ANNUAL INTEREST COUPONS ON FUNDING BOND
ISSUE OF MAY 1, 1925s AND SEMI - ANNUAL INTEREST COUPONS ON REIUNDING
BOND ISSUE OF NOVEMBER 1, 1935, AND SZKI- ANNUAL INTEREST ON REFUND-
ING BOND ISSUE OF NOVEMBER ls 193x, ' AND PATING AGENTS CHARGES THEREON;
AND FOR OTHER PURPOSES.
't BE IT ORDAINED BY THE QTY COUNCIL OF THE CITY OF LITTLE
ROCK, ARKANSAS:
CTIQt 1.. �►112,1.4� bet same is
Band Interest"
hereby appropriated out of the and Fund of
the i3itT of
Little Rock for the payment of the tbllowing indebtedness due and pay-
.
able at the Chase National Bank, New York City., on November
1, 1941:
Maturing principal of bonds numbered 855 to
940, inclusive...... . ...............................
$ 869000-00
Interest coupons numbered 32 due November 1, 1941
for semi - annual interest on Funding Bonds Nos.
855 to 1910, inclusive, dated May 1, 1925,
(total principal being $1,056,000.00). • .. • •. • • • • • • •.
23,760.00
Interest coupons numbered 12 due November 1, 1941
for semi- annual interest on Refunding Bogs Nos.
1 to 66, inclusive, dated November 1, 1935•
(total principal being $33,000.00)..................
742.50
Interest coupons numbered 6 due November 1, 1941
a.- far wend- annual int ere st on Refunding Bonds Nos.
1 to Trj, inclusive, dated November 1, 1938,
(total principal being $75 ,000.00) ..................
1,687.50
Commission for paying maturing principal
(1 /10 of 1% of 860000.00) ..........................
86.00
Commission for paging coupons due November 1, 1941
(1/4 of 1% of $26,190.00) ................. .........
650 _418
TONAL
,
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 maturing principal, seal- annual
Interest and paying agents charges herein recited.
UOTION 3. Thd Guy fterk is hereby, autboriset' bW Sake
such arrangements as are necessary for the transmittal of these funds
to the Chase National Bank of New Tork City to most the dice date of
Wrember 1, 1941.
SECTION 4. This ordinance shall take effect and be in
force from and after its passage and approval.
PASSED: Optober 6, 1941.
ATTEST:
City Clerk.
YEP:
mayor*