HomeMy WebLinkAbout2527 RESOLUTION NO, 2527
A RESOLUTION AUTHORIZING THE PURCHASE OF AND PRESCRIBING
THE PROCEDURE FOR ACQUISITION OF RIGHT-OF-WAY ON UNIVERSITY
AVENUE WITH BOND CONSTRUCTION FUNDS; AND FOR OTHER PURPOSES.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF TEE CITY OF LITTT,F; ROCK,
ARKANSAS:
SECTION 1. Options for the purchase of land as right-of-way
for widening and paving University Avenue in the City of Little Rock
as obtained by William B. Putnam, appraiser for said City, shall be
considered accepted when such options have been approved in writing
by at least a majority of the Board of Directors.
SECTION 2. The acceptance and approval of options pursuant to
provisions of Section 1 hereof shall be authority for the City Manager
and Director of Finance to issue the necessary warrant, or warrants,
in payment of the purchase price provided for in said options.
SECTION 3. All moneys paid pursuant to provisions of this
Resolution shall be paid from the Right-of-Way Bond Fund,
Project 1 .
SECTION 4. This Resolution shall be in full force and effect
from and after its adoption.
ADOPTED: April 18, 1960
ATTEST: APPROVED•
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