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ORDINANCE N0. 4626.
AN ORDINANCE APPROPRIATING $6,000 FOR THE PURCHASE
OF A STEAM SHOVEL,PAYABLE ICJ THE YEARS OF 1930 and 1931, AND
FOR OTHER PURPOSE'S.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY Or LITTLE ROCK*'
Section 1. A certain contract of
by and between the City of Little Rock, Arkansas therein desig-
nated as the purchaser, acting through the Board of Public
Affairs of said City, and D.B.Hill, therein designated as the
seller, for the purch^ se by the said purchaser of and from
the said seller, of one Steam Shovel, for an aggregate consid-
eration price of Six Thousand ($6,000) Dollars, a copy of
which said contract is made a, part o� the minutes of the meeting
of the Council of said City at which the within ordinance is
adopted, is hereby in all respects ratified, approved and con-
firmed according to all of the terms, considerations and condi-
tions of said contract; and there is hereby pledged exclusively
to the payment of the installments of the said consideration
price as specified in said contract, pro rata with the install-
ments of. the consideration price as specified in other contracts
of purchase of street equipment by the said City now made
or contemplated, the aggregate of which said first mentioned
and all other contracts shall not, in so far 3.s the said
pledge is or may be affected thereby, exceed the sum of X6,000
as and when the said insta.11ments of each and all of said
contracts respectively become due and payable, the first moneys
coming to the hands of the said City from and. after the date of
the said first mentioned contract and during each of the
respective years of 1930 and 1931, out of its share of the
respective taxes mentioned in said contract, to the full extent
of the payments required to be made by the said City in each
successive year on account of its said purchase within said "
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aggw?egate of $6,0001, which said first moneys so pledged shall be
kept separate and apart from the said City's all other funds so
long as any part of said consideration price of the said a.ggre-
gate of said purchase remains unpaid: and there is hereby
a— ro- oriated, out of the said first moneys, for the payment of
the said respective installments of said consideration price,
gursua.nt to said first mentioned contract, the sum of $12000
which shall be oa.id to the said seller on July 15, 1930, and
the sum of $5,000 which shall be paid to the said seller on
July 15, 1931-
Section 2. The Mayor and City Clerk are hereby au-
thorized and direct?d to execute the City's ,warrants in the
above sums on the above mentioned dates, payable out of the
funds referred to above, accruing to the City under Act
Number 605 of the Acts of the General Assembly of Arkansas of
1921, out of all taxes levied and. collected in Pulaski County,
Arkansas, pursuant to Section 5490 of Crawford & Moses' Digest of
the Statutes of Arkansas, and under Act Number 44- of the Acts
of the General Assembly of Arkansas of 1919 out of the road tax
collected under said Act in said City.
Section 3. This ordinFnce shall be in force and take
effect from and. after the date of its na.sso.ge.
Passed: May 26, 1930.
Attest: proved: . *NI 1 r
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