HomeMy WebLinkAbout5231ORDI T A. CE NO. 9231
ANT ORDINAiuCE APPROPRIATING ` 33,727.50 FOR PAYMENT? OF SEMI-
A ' -,, UAL INTEREST COUPONS ON FU1eDING BOND ISSUE OF MAY 1, 1925; ALSO
APPROPRIATING $709.75 FOR PAYMENT OF SIX MONTHS INTEREST ON $31,500.00
BONDS PAST DUE, TOTAL APPROPRIATION $342436.25, AND FOR OTHER PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK:
Section 1. That the sum of 933,727.50 be and the 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 pay-
able at The Chase National Bank, New York City:
Interest Coupons due May 1, 1935 for semi- annual interest
on funding bonds Nos. 412 to 1910, inclusive, dated May
1, 1925 (total principal being $1,499,000)
Section 2. That the sum of $708.75 be and the same is here-
by appropriated out of the Bond and Interest Fund of the City of Little
Rock for the payment of six months interest on past due bonds amount
$31,500.00, interest rate 4, six months, said :31,500.00 being fifty
percent of principal maturity on bonds Nos. 349 to 411, inclusive, due
November 1st, 1934.
Section 3. The Mayor and the City Clerk are hereby authorized
to issue the City's warrant or warrants therefor payable to the Peoples
National Bank of Little :Rock, Arkansas for the purposes herein recited
for 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.
Section 4. That all ordinances or parts of ordinances in
conflict herewith are hereby repealed and this ordinance shall take
effect and be in force from and after its passage.
Passed: April 8, 1935
Attest:
City Clerk.
Approved:
Mayor .