HomeMy WebLinkAbout5854ORDINANCE NO. 5854
AN ORDINANCE APPROPRIATING $11,N4.05 FOR PAYMENT OF
SEMI — ANNUAL INTEREST COUPONS AND SERVICE CHARGES THEREON OF 5%
AIRPORT, FIRE EQUIPMENT AND HOSPITAL ANNEX BOND ISSUE OF NOVEMBER
1st, 1929; OF THE CITY OF LITTLE ROCK, AND FOR OTHER PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE
ROCK:
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SECTION 1. That the sum of $11, 304.05 be, and the same
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is hereby appropriated out of the 5% Sinking Fund for payment of
the following indebtedness of the City of Little Rock due and
payable at the office of Halsey, Stuart & Company, Inc., Chicago,
Illinois, on March 1st, 1940:
Semi -- annual interest at 5 per annum
on $451,000 outstanding bonds $11,275.00
Service Charges
Paayying March 1, 1940 interest
1/4 of 1% of $11,275.00 28.19
Registered mail postage on shipments
of paid and cancelled securities
August 1, 1939 to January, 1940 inclusive .86
Total amount due $11,304.05
SECTION 2. The Mayor and City Clerk are hereby authorized
to issue the Cityls warrants in the amounts mentioned and for the
purposes herein recited, and the City Clerk is authorized to make
such arrangements as are necessary for the transmittal of these
funds to Halsey, Stuart & Company, Inc. to meet the due date of
March lst, 1940 of said semi -- annual interest payment.
Passed: February 19, 1940
Attest:
City Clerk.