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HomeMy WebLinkAbout6167 RESOLUTION NO 6 , 167 WHEREAS, the cities of Little Rock and North Little Rock, Arkansas, together with Pulaski County, Arkansas , entered into an Agreement dated April 19 , 1972 and later amended in 1976 , providing for public mass transportation for inhabitants of the three entities; and WHEREAS , the City of North Little Rock, Arkansas has failed and refused to appropriate and pay its share of the deficit amount of the 1979 Budget as required by Article II of the said Agreement, as amended, which constitutes a breach of the agreement and by the Iterms thereof effects a voluntary withdrawal by North Little Rock, Arkansas from the Agreement. 1 NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF I THE CITY OF LITTLE ROCK, ARKANSAS. SECTION 1 . The City of Little Rock, Arkansas hereby recog- nizes that North Little Rock, Arkansas has breached that certain Agreement hereinabove cited for the reasons above set forth and in keeping with its option determines and declares that North Little Rock, Arkansas shall cease to have rights or voice in the ownership, operation, management and assets of the transit system after June 30 , 1979 , unless the City of North Little Rock, Arkansas appropriates and pays its share of the 1979 deficit budget for the transit system on or before June 30 , 1979 . SECTION 2 . This Resolution shall be in full force and effect from and after its adoption. ADOPTED: June 19 , 1979 frAl ATTEST: 402-e-- ( 1^1.1 APPROVED: ( •04 City Cler Mayor