HomeMy WebLinkAbout5317ORDINANCE NO. 5317-
AN ORDINANCE APPROPRIATING 012,507.05 FOR PAYMENT OF
SEMI- ANNUAL INTEREST COUPONS AND SERVICE CHARGES THEREON OF 5 fo
AIRPORT, FIRE EQUIPYTENT AND HOSPITAL ANNEX BOND ISSUE OF NOVEMBER
let, 1929, OF THE CITY OF LITTLE ROCK, AND FOR OTHER PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK:
Section 1. That the sum of $12, 507.05 be, and the same is
hereby appropriated out of the 5o 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, 1936:
Semi - annual interest at 0 per annum
on $499,000. outstanding bonds -
Service Charges
Paving Parch 1, 19 36 interest -
1/4 of 1% of 12, 475 .
Postage -
August to December 1935, incl.
Total amount due
$12t475-00
31.19
$12,507.05
and the Mayor and the City Clerk are hereby authorized to issue a
warrant or warrants therefor, payable to the Peoples National Bank,
for the purposes herein recited, of such interest and service
charges as they deem for the best interests of the City.
Section 2. That the City Treasurer is hereby directed to
forward to Halsey, Stuart & Company, Inc., of Chicago, Illinois, out
of the %j Sinking Fund, the sum of $12,507-05 to pay the semi - annual
interest coupons and service charges thereon, same being due and
payable at the office of Halsey, Stuart & Company, Inc., Chicago,
Illinois, on March 1st, 1936.
Section 3. That this ordinance shall take effect and be
in force from and after its passage.
Passed: February 28, 1936.
Attest:
City Clerk.
Approved:
Mayor.