HomeMy WebLinkAbout5282ORDINANCE NO. 5282
AN ORDINANCE APPROPRIATING $99,727.50 FOR THE PAYMENT
OF MATURING PRINCIPAL AND TIC INTEREST COUPONS ON FUNDING BOND
ISSUE DATED J Y 11 1925 DUE NOVEMBER 1, 1935, VARIOUS, OF THE CITY
OF LITTLE ROCK, AND FOR OTHER PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF TIE CITY OF LITTLE ROCK:
Section 1. That the sum of $99,727.50 be and the same
is hereby appropriated out of the Bond and Interest Fund for the pay-
ment of the following indebtedness of the City of Little Rock due and
payable at the Chase National Bank of New York City on November 1,
1935:
Maturing Principal of bonds numbered 412 to
477, inclusive. . . . . . . . . . $66,000.00
Semi - annual interest at o per annum
(Coupon numbered 20, tot principal being 50
$lv499t000.00) . 3,727.
Total amount due . . . . . . . . . . . . . $99,727.50
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 maturity as they deem for
the best interest of the City.
Section 2. That the City Treasurer is hereby directed
to forward to the Chase National Bank in New York City out of the
Bond and Interest Fund the sum of $66,000.00 to pay the maturing
principal of 4-24 funding bonds numbered 412 to 477, inclusive, and
$33,727.50 to pay interest, same being due and payable at the Chase
National Bank of New York City on November 1, 1935•
Section 3. Whereas, it would be for the benefit of the
welfare, peace, and harmony of the citizens of this City an emer-
gency is hereby declared to exist, this ordinance shall be in full
force and effect from and after its passage.
Passed: October 14th, 1935
Attest:
f ,
City Clerk.
Appr7i.� fJ
Mayor .