HomeMy WebLinkAbout3157�r
h
3157.
U11
Sg/
0 t
i "An Ordinance Authorizing the Funding and
Reissuance of $25,ODO Outstanding Hgspital
Warrants of the City of Little Rock."
WHEREAS, there are outstanding war.
rants of the City of Little Rock of the aggre-
gate amount of $25,000- duly issued for work
and material on the new :!ity hospital, and
there are not funds in hand for their pay-
ment: and
WHEREAS, said warrants have been pre-
sented to the City and their re- issuance re-
quested by the holder thereof, and
WHEREAS, the City Council of the City of
Little Rock has examined all the facts rela-
tive to the indebtedness for which such war-
rants were issued and to the issuance of said
warrants and has found and does hereby find,'
adjudge and declare that each of said war-
rants was duly and properly issued for a
municipal purpose and that the said City has
received in the case of each of such warrants
at least the face mount thereof and that
! a
the said warrants aggregating $25,000 and
the indebtedness represented thereby are valid;
and that no part of said warrants or indebted -1
ness has been paid: NOW, THEREFORE, 11
BE IT ORDAINED by the City Council of
th City of Little Rock, Arkansas, as follows t
Aection 1. The said $25.000 warrants shall
be funded and reissued and the indebtedness
LR.�k presented thereby extended by the issuance
Of negotiable warrants of the city of Little
of an equivalent face amount Sai3 new
rrants a ] be known as Serf to be er ro " to tnc ustve. ac
such warrant may bear the inscription, "mu-
I nicipaI note (a negotiable warrant)" and shall
be 11 the denomination of $1,000.00 each. It
shall be dated a s e -
payable oa September 26th, 1923,
Section 2 -Said warrants shall be issued
In substantially the following form
Series "A'
No. ___ $1,000.00
UNITED STATES OF AMERICA
STATE OF ARKANSAS
CITY OF LITTLE ROCK
MUNICIPAL NOTE
The City of Little Rock, a municipal corpor-
ation in the County of Pulaski and State of
Arkansas, hereby acknowledges itself indebted
land promises to Day and the City Treasurer is
hereby ordered to pay to the bearer the sum of
in lawful mo ney of the UnRSd ( States of
America, at the CHASE NATIONAL BANK,
New York City, on the 25th da y of Septem-
ber, 1923.
This warrant is issued pursuant to the con-
stitution and statutes of the State of Arkan-
sas, including Act No. 383 of the Acts of
Arkansas of 1917, and an ordinance adopted
by the City Council of the City of Little Rock
on p
tending the payment of certain indebtedness
of said City by exchanging outstanding war -
rants which were duly and properly issued
for municipal purposes and for which the
City has received full value equivalent to the
iface amount thereof.
It is hereby certified and recited that all
- �eonditiens, 'nets and things required by the
constitution and statutes of the State of Ar-
kansas to exist, be performed and happen pre-
cedent to or in the issuance of this warrant,
or the incurring of the indebtedness evidenced
thereby, have been properly done and per-
formed in regular and due form as required
by law, and that said warrants and indebted -
ness, together with all other indebtedness of
the City of Little Rock, is within every debt!.
and other limit prescribed by the constitution
or statutes of said State and that no part of
said warrant or the indebtedness 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 i
accordance with its terms.
IN WITNESS WHEREOF, the " id City of
Little Rock has caused this warrant to be sign-
ed by Its Mayor and its corporate seal to be
hereunto affixed and attested by the City
Clerk, and this warrant to he dated
°-------------- - - - - --
Attest: Mayor.
City Clerk.
- - --
(Endorsement on Warrant
It is hereby certified that this warrant is
tiatered and recorded at line , on
ge in Warrant Book No.
pt in the office of the City Clerk of the
tY of Little Rock
It is hereby certified that this w�arr ntthas
been registered with and recorded by the City
Treasurer of the City of Little Rock at line
on in Warrant Book No.
In the office o the City Treasurer of
the City of Little Rock.
(Certificate) City Treasurer.
This is to cetify that the signatures and
seal appearing on the within Municipal Note
of the City of Little Rock, Arkansas, are gen-
uine.
Dated- ----- °------ -- - - -- -•
Section S. The BY City Clergy and City
Treasurer are hereby authorized and directed
to execute register and record said warrants,
and to issue and deliver said warrants to the
holders of said outstanding $26,000.00 of war-
rants upon receiving from said holders the said
outstanding warrants. Each of said outstand-
ing warrants when exchanged shall be can-
celled by perforation by the City Clerk and
stamped "cancelled upon issuance of new
warrant in exchange." -
Section 4. This ordinance is hereby de-
mined to be an ordinance for the support.
maintenance of the various branches of
WO municipal government of the City of Little
Reek.
Passed: April 9, 1923.
Attest:
CITY CLERK.
'6 '3
, /y:L3
9�3
Appr ed;
rr R
..:A yl