HomeMy WebLinkAbout2710ORD IIdA�y CE NO . :�►
2,11T ORDINANCE FOR ThE REISSUE OF WARRANTS NUviBmVED 30447, 30448,
30454 to 30474, INCLUSIVE., 30480 to 30489, INCLUSIVE, 30535 to 30557,
INCLUSIVE, 30561 to 30574, INC?',USIVE, 30610 to 30619, INCLUSIVE,
30621 to 30629, INCLUSIVE, 30635 to 30644, INCLUSIVE, 30669 to 30679,
INULUSIVE, 30683 to 30722, INCLUSIVE, 30773 to 30797, I11MUSIVE,
30955 to 30959, INCLUSIVE, 30964 to 30966, INC',USIVE, 30984, 30985,
31002 to 31013., INCLUSIVE, and 31470.
Whereas, there have been presented to this council warrants
of the City of Little Rock numbered 30447, 30448, 30454 to 30474, in-
clusive, 30480 to 30489, inclusive, 30535 to 30557, inclusive, 30561 to
30574, inclusive, 30610 to 30619, inclusive, 30621 to 30629, inclusive,
30635 to 30644, inclusive, 30669 to 30679, inclusive, 30683 to 30722,
inclusive, 30773 to 30797, inclusive, 30955 to 30959, inclusive, 30964
to 30966, inclusive, 30984, 30985, 31002 to 31013, inclusive, and 31470,
all drawn upon July 9, 1919, in favor of Speer & Dow, Little Rock,
Ark- emsas, each warrant being for the sum of One Thousand Dollars
($1000.00) and all of said warrants maturing July 9, 1920; and,
Whereas, the holders of said warrants have requested their
reissue to R. G. Helbron, of Little Rock, Arkansas, but payable to
bearer; and,
Whereas, this council has carefully investigated the validi-
ty end the amount of the indebtedness for which each of said warrants
was issued; and,
- ;hereas, this council has ascertained that the said war-
rants are the legal and binding obligations of the City of Little Rock;
THI,]REF ORE, It is hereby ascertained and declared that
said warrants are valid and existing; obligations of said cite, and
therefore:
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK:
Section 1. That said warrants, hereinbefore described,
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shall be filed with the City Clerk
foration and kept in his file, and
Little ock, by its Mayor and City
City Council, issue to the said R.
Little Rock to the amount of �198,�
and by hirr: °Mainly canceled by per -
that in lieu thereof the City of
Clerk, as President and Clerk of the
G. Helbron warrants of the City of
D00.00 in renewal thereof. Said war-
rants shall be made payable to the 'bearer at the Union Trust Company,
in the City of Chicago, Illinois, on the 9th day of July, 1921, and
they shell have all the attributes of negotiable paper and shall be in
the denomination of One Thousand Dollars (�1,000.00) each.
NO .
Section 2. Said warrants shall be in the following form:
STATE OF LRK.Z4SAS
CITY CF LITTLE ROCK
91000.00
On the 9th day of July, 1921, the treasurer of the City of
Little Rock, in the State of Lrkansas, will pay to bearer, at the
Union Trust Company in the City of Chicago, the sum of One 'Thousand
Dollars, in lawful money of the United L:tates, out of any money in his
hands belonging to the general fund.
This warrant is issued to fund another warrant of said city
which has been presented to the City Council of the said City of Little
Rock by the holder thereof, and reissue-nee thereof requested in pursu-
ance of the provisions of Act No. 383 of the General Assembly of the
State of Arkansas for the year 1917, entitled "An act authorizing cities
in Arkansas having a population of 40,000 or over, to refund their city
warrants ", the said warrant in lieu of which this warrant is issued hav-
ing been carefully investigated by the City Council of the said city, and
it having ascertained and declared the validity and amount of the in-
debtedness due upon the warrant in lieu of which this warrant is is-
sued, and the warrant in lieu of which this warrant is issued has been
filed with the City Clerk and by him plainly canceled by perforation and
kept in his files; and it is hereby recited and covenanted with the
holder of this warrant that this warrant has been duly issued in ac-
cordance with the act aforesaid, and that all thins required to be
done by the terms of said act have been done as therein required, and
that the ordinance ordering; the issue of this warrant has the force
and effect of a judgment, establishing the validity of the claim for
which this warrant is issued, and that this warrant evidences a valid
indebtedness of the City of Kittle Rock for the amount thereof, and
that it is not open to question at law or in equity; and to the pay -
went of this warrant the full faith, credit and resources of said city
are irrevocably pledged.
IN rVITNESS r#HKEOi , The City of little Rock has executed
this warrant under the hand of its Mayor and caused the same to be at-
tested by its corporate seal and the signature of its Clerk, on this
9th day of July, 1920.
Attest:
CITY OF LITTLE RO Cif
By
Mayor .
City Clerk.
Section 3. This ordinance shall take effect and be in force
from and after its passage.
Passed j L
City 1110left.
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