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ORDINANCE NO. 544
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AN ORDINANCE APPROPRIATING $31,432.50 FOR PAYMENT OF
SEMI- ANNUAL INTEREST COUPONS ON FUNDING BOND ISSUE OF MAY 10 1925,
AND SEMI - ANNUAL INTEREST COUPONS ON REFUNDING BOND ISSUE OF
NOVEMBER 1 35,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE
ROCK, ARKANSAS:
Section 1. That the sum of 1 4 2. 0
�3 be and the � 3 5 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:
Interest Coupons No. 23 due May 1, 1937 for semi - annual
interest on Funding Bonds Nos. 547 to 1910, inclusive,
dated May 1, 1925, amount $30,690.00 (total principal
being $1,364,000.00).
Interest Coupons No. 3 due May 1, 1937 for semi - annual
interest on Refunding Bonds Nos. 1 to 66, inclusive,
dated November 1 1935, amount $742.50 (total principal
being- $66, 000 xoj .
Section 2. The Mayor and City Clerk are hereby
authorized to issue the City's warrant or warrants therefor
drawn on the Bond Interest Fund, payable to the Peoples National
Bank of Little Rock, Arkansas for the payment of semi -annual
interest herein recited in such amounts as they deem for the
best interests of the City; the said Peoples National Bank to
remit the amount received to the Chase National Bank of New York
City for the purposes herein recited.
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Section 3. That all ordinances and parts of ordi-
_ in conflict herewith are hereby repealed, and this ,k
ordinance shall take effect and be .in force from and after its
passage and approval.
Passed: April 12th, 1937.
Attest:
City Clerk.
Approved:
Mayor.