HomeMy WebLinkAbout1424 RESOLUTION NO. 1424.
A RESOLUTION GIVING AND GRANTING UNTO THE MAYOR OF THE CITY OF LITTLE
ROCK, WITH THE APPROVAL OF THE UTILITY COMMITTEE AND THE
CITY COUNCIL, FULL POWER AND AUTHORITY TO TAKE ALL NECESSARY
ACTION TO ACQUIRE THE PRESENT GAS DISTRIBUTION SYSTEM IN
THE CITY OF LITTLE ROCK AND FOR FINANCING OF SUCH
ACqUISITION.
WHEREAS, it is the consensus of opinion of the City Council
that the cost of gas distributed to the citizens of Little Rock is
grossly excessive and it is believed that the Mayor should be given
full power and authority, with the approval of the Utility Committee
and the City Council, to acquire the present gas distribution system
for the purpose of obtaining cheaper gas for distribution to con-
sumers; and
WHEREAS, the City is now authorized by law to acquire said
existing system and to pay therefor or finance the same in the
manner provided by law; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK, ARKANSAS:
Section 1. That the Mayor of the City of Little Rock be
and he is hereby authorized and empowered to take such steps as may
be approved by the Utility Committee and the City Council to acquire
the gas distribution system within the City of Little Rock by
purchase, condemnation, or in any other lawful manner, and all rights,
easements and franchises relating thereto and necessary or convenient
for the operation thereof as may be deemed advisable and to make
such agreements or take such steps as required by law further necessary
to fix a proper and reasonable price and terms for the payment thereof.
Section 2. The Mayor and the Utility Committee, with the
approval of the City Council is hereby fully authorized and empowered
to make all arrangements and to enter into contracts for the employment,
on a specified contingent basis, of engineers, certified public
accountants, attorneys, and other persons necessary to properly
investigate and determine all matters and things deemed necessary or
advisable for determining the value of said plant and property and the
desirability of purchasing same, the proper rates to be charged to the
citizens for the gas to be furnished from said system after acquisition
and to handle all legal matters necessary in fixing said rates, the
acquisition of said present gas system and its appurtenances and the
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financing of all said matters, it being understood, however, that
all fees and expenses incurred in the acquisition of said gas
distribution system and all contracts therefor shall first be
approved by the City Council before becoming binding upon the City.
Section 3. That the contract of purchase and all other
contracts and payment of fees shall be submitted to and approved
by the Council before same shall become a valid and binding
contract on the part of the City.
ADOPTED: April 21, 1938.
ATTES : APPROVED:
CITY CLERK L AY OR