HomeMy WebLinkAbout3312"An Ordivancs. -,h Funding 1
- and elgyuane .f $:0.11 tstanding
,.ri4ospitOI \iar.. its oL the City of Lit -
tie Rock."
\\ her a eas, There are outstanding war-
rants of , the City of Little Pock of the
aggregate amount of $30,000.00 duly issued
for wcrlc and material on the new City
hospital, and there are not funds in hand
for their payment; and,
Whereas, Said warrants have been pre-
sent,
d the CVty and their reissuance
requested to by the holder thereof; and, ':� F•'
\Vhereas, The City Council of the City
of Little Rock has e aniined all the facts nY
relative to the indebtedness for which
such warrants were - Issued and to the is- f
suancc of said warrants and has found .; 1
and does hereby' find, adjudge and de-
clare that each of said warrants was duly
and properly issued for a municipal pur-
pose and that the said city has received
k
In the case of each of such warrants at
least the face amount thereof, and that
the said �warmn is aggregating $30,000.00
and the indebtedness represented thereby
^ „t urn :,�.rt of said war-
. been paid; now,
�ij. .iine l Sy he City Council of
of Little Hock, Arkansas, as
�.c,.i,,n 1. Th- = i *l S3 ^- 000.00 warrants
=,ha.i he fund =d :. =,ed and the in-
.tcS,e ...., r vl�areby extended
- -.ble warrants of
the City of Little Rock of an equivalent 1i., ,(�Y 7,p G /S "."ho. C,
face amount Said new warrants shall —to 6e KKt, -, rIC� { ” v
/
!Y�►•1
be k wn us Se "s A.," I
f ` Inclusive. Each such
warrant may bear the inscription."music-
ipa] note (a negotiable warrant)" and
shall be of the d ^nomination of $1.00 ` I' zs� fy�3
each. Ii: shall be dated��26,.-- 38,., -,.,��
and shall be Bert- day„`, &tic
. e4.1
!"11. 2. Said warrants shall be issued
in substantially the following form:
Series "A."
No......... $7.000.00
UNITED STATES OF AMERICA.
STATE OF ARKANSAS
CITY OF LITTLE ROCK.
MUNICIPAL NOTF.
(A Negotiable Warrant.)
The City of Little Rock, a municipal
corporation In the County of Pulaski and
State of Arkansas, hereby acknowledges
Itself indebted and promises to pay and
the city treasurer is hereby ordered to pay
to the bearer the stern of
ONE THOUSAND DOLLARS ($1.000)
-
in 1 f¢! more+ of tl - ,1!ted titer tes of
America, at the i HA I'L /f�
^�.�� Is-cr4� JtS1J
BANK, New r]- C1 ty, prr -hize >�il,._.si+4b= .-� !�J
This +varran Ss ssued pursuant to'the
constitution and statute of the StatQ of
Arkansas, including A t \o, 183 of th:+ -
-
1 A.'I f Arkansas of 917 and an ordi- '�
�
n tlopted by. -,t, CS .ObU it of th 7Ti7'la+e;tC
' Ch
City f Little Rock
for the purpose of exte❑ ing the paymen
of certain indebtedness of said city, by
e, c4 nging outstanding warrants which
w..rl duly and properly issued, for muni-
cipa purposes and for which the city has
received full value equivalent to the face
amount thereof.
It is hereby certified and recited that
all conditions, acts and things required by
the constitution and statutes of the States
of Arkansas to exist, be performed and
'issuance
happen precedent to or in the
of this warrant or the incurring of the
indebtedness evidence thereby have been
properly done and performed in regular
and due form as required by law, and
that said warrants and indebtedness,- to-
gether with all other indebtedness of the
City of Little Rock, Is within every debt
and other limit prescribed by the con-
stitution or statutes of said state and
that no part of said warrants or the in-
debtedness evidenced thereby has been
paid. The full faith, credit and resources
of said city are hereby pledged to the
punctual payment of this warrant in ac-
cordance with its rerms.
In witness whereof. the said .City of
Little Rock has caused this warrant to be
its corporate seal
signed by its mayor and
to be hereunto affixed and attested by
c rl-, and this warrant to be
the c y
.............-
Mayor.
Attes'
(Endorsement on \ Varrant.)
..
M6�sticu CvrB ed u< a,.ae.'No ... ....
on pa;e........ In Warrant Book .....
kept in the office of the city clerk of
the City of Little I:ock.
City Clerk.
It is hereby certified that this warrant
has been registered with and recorded by
the city treasurer of the City of Little
Rock at line......., on page.......... In
Warrant Book No......., in the office of
the city treasurer of the City of Little
Rock.
City Treasurer,
(Certificate.)
This Is to certify that the signatures
and seal appearing on the within Munici-
pal Note of the City of Little Rock, Ark-
ansas, are genuine.
Dated .................. 199.,.
- By ................
Sec. 3. The mayor, city clerk and city
treasurer are hereby- authorized and di-
rected to execute, register and record said
warrants, and to issue and deliver said
warrants to the holders of said out-
standing $30,000.00 of warrants upon ire -
ceiving from said holders the said out-
standing warrants. Each of said outstand-
ing warrants when exchanged shall be
'canceled by perforation by the city clerk
and startitied "canceled upon issuance of
a
Statutory of feet of a jsdownt drtrndjallf the Validity
of the Andobted essa and at tie Varr&ntS at*" "*its#*
including tbo wSrraate to he Issued; std the holder of
our of said warrants MAY satyr , 't tb*r**n is MY
*Hurt bwring jrisdietiad of the parties epw presenting
to so" *oat both eueh warrmt or walrents and a duly
sortie od oopy Of this provided that such
!MU have UOR W*ssate d for pAltjownt at or after
maturity. w1doh fact 107 be evid.+saeod, by oUta t tb*"=
Ile
stood by the City Tmasaror.
,action S. This oralusase is hwol'
#etorUiU*& to be an ord inanos f or the support a" as tat
of the rartsSS wwwbos st air Ma"tVal g0ronmWes of 13W
City of Little Book.
1490"At Sep 4ember 10, 1923-
Attest:
MWI, MM I
Approved:
fir.
Approved:
fir.