HomeMy WebLinkAbout1322RESOLUTION NO.1322 .
+HEREAS The City of Little Rock h s h 4
a d
wring t e year 193
paid warrants which were outstanding as of Januar 1, 1934, in a sum
to exceed Forty -nine Thousand Dollars ($49'000.00} of the floating debt;
and,
'WiHEREAS, Though operating expenses are safely within income
for the fiscal year, it is necessary, in order to meet payrolls for
City employees for the months of November and December, 1534, to finance
accounts owed and to be owed by the City of Little Rocs, to its creditors
for the months of September, October, November, and December, 1934; and
WHEREAS, The Little Rock Gas & Fuel Company, the Arkansaw
',rater Company, and the Arkansas Power & Light Company have and will
have owing to them bills for gas service, water service, and electric
service for the months of Sewotember, October, November, and December of
1934•
NOW, THEREFORE, Be It Resolved that the Mayor and City Clerk
be authorized and directed to issue warrants of the City of Little Rock
to the Little Rock Gas & Fuel Company, the Arkansaw Water Company, and
tae Arkansas Power & Light Company in the following manner:
A warrant dated October 20 for the September, 1934, bill.
A warrant dated November 20 for the October, 1934, bill.
A warrant dated December 20 for the November, 1934, bill.
A warrant dated January 20,1535, for the December,1934, bill.
A carrying charge shall be paid upon each warrant at the rate
of 61% per annum from date of each until paid. This carrying charge
shall be paid monthly. All of said warrants shall be due on or before
July 15, 1935, as noted on the face of each warrant: and
Be It Further Resolved that the Little Rock Gas & Fuel Company,
the Arkansaw Water Company, and the Arkansas Power & Light Company be
allowed to use any amount allowed by law of these warrants in payment of
the city ad valorem tax and all carrying charges on any amount so used
in this manner shall stop upon the date of use of same.
Be It Further Resolved that all of said warrants shall on or
before July 15, 1935, be paid from and out of moneys collected by the
Sheriff and Collector of Pulaski County to the credit of the City of
Little Rock 5 -mill ad valorem tax fund.
Adopted: Uece,lber 12, 1,34
Attest:
City Clerk.
Approved:
Mayor.
Date.-.
WARDS ALDEX-EN AYE 90
1 Terral,, Floyd
Pickens, Jack
2 Leiser,, H.G.
Tuohey, J.R.
Muswick, Geo.
cralga M.
Gulley, Tom
&nder, HS-Y
Olive, A.
Turner, Roy 0.
Francis,, G,J.
Duttlingerw 0-.H.
perry, Geo.R..
Adajns$
Conner Ctrs. C.0
x.
Fisher,_ Mer1la- .
9 Scougale,
Erwir4 0. B.
I
71