HomeMy WebLinkAbout5777ORDINANCE NO. 5777-
AN ORDINANCE AUTHORIZING THE PAYMENT OF SEMI- ANNUAL INTEREST
ON CITY OF LITTLE ROCK MUNICIPAL AUDITORIUM BONDS; LIBRARY
ANNEX BONDS; AND NEGRO RECREATION PARK BONDS, ISSUES OF FEBRUARY
1ST, 1937; MAKING APPROPRIATIONS THEREFOR; AND FOR OTHER
PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK,
ARKANSAS:
Section 1. There is hereby appropriated out of the
Municipal Auditorium Bond Fund the sum of Nine Thousand Three
Hundred and Eighty -three Dollars and 40/100 ($9,383.40) Dollars
for the following indebtedness of the City of Little Rock due
and payable at the office of the Chase National Bank of New
York City on August 1st, 1939:
Semi - annual interest at 4% per annum
on $468,000.00 outstandin bonds,
Nos. 1 to 468, inclusive Coupons No. 5)••••••$9,360.00
Commission for paying coupons due February
1, 1939 detached from Municipal Auditorium
Bonds. ........ ............................... 23.4o
4P9,383-40
Section 2. There is hereby appropriated out of the
Library Annex Bond Fund the sum of Five Hundred and Five and
No /100 ($505.00) Dollars for the following indebtedness of the
City of Little Rock due and payable at the office of the Chase
National Bank of New York City on August 1st, 1939:
Semi-annual interest at 4% per annum
on $25,000.00 outstanding bonds
Nos 1 to 29, inclusive (Coupon No. 5),....... 500.00
Fee for paying face value of coupons due
August let, 1938 and February 1st, 1939
detached from Library Annex Bonds,........... 5.00
505-00
t
Section 3. There is hereby appropriated out of they
Negro Park Bond Fund the sum of Three Hundred and Five and
N01100 ( #305.00) Dollars for the following indebtedness of the
City of Little Rock due and payable at the office of the Chase
National Bank of New York City on August 1st, 1939:
Semi - annual interest at 4% per annum on
$15,000,00 outstanding bonds t Nos. 1 to
18, inclusive (Coupons No. 51,• ..............$ 300.00
Fee for paying face value of coupons due
August 1st, 1938 and February 1st, 1939
detached from Negro Recreation Park Bonds,... 5100
305-00
Section 4. The Mayor and City Clerk of the City
of Little Rock are hereby authorized to issue the City's warrants
for the amounts and on the funds of the City 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 August 1st,
1939 of said semi - annual interest and paying agents fees.
Section 5. This ordinance shall take effect and be in
force from and after its passage.
4
Passed: July 31, 1939.
Attest: ; Appr :
City Clerk.