July 1, 1952~~
IaIAIVl'E:i 01'' rl i~C3U1~r`l~.:.~..i~ii:~ c,i _.~~~ ~liT. ~, _.r;,~, -.L G=' 1'IiE •._i'i C)i• ~tli_;~'i l.i.l li I: `;); :.Ftl~~i'SILS,
Ill1~ .'uU 1iP,Lll C!I, JUhf 1, l_~~2.
~l
The r~or.ncil of F.}1:, _.=~ty of ~i'ca ,u ~hls et in a x~ t ~ --_ c , won ..t t'=te C tj, aa11
in esaid L'ity _~t 7:3~ Y.I:I, cn tllc 1st clsy of ~: u1y , 1?~2.
''rho r=c .~tin~, ~°,•..s ca].l.ed 'to or~~cer by t1 ;:a.~~oY, :;.rxl tho roll Lc:ir,r:, called there :;ere:
F'rcrent: r:,.:;~or 9r :). Fordyce in the chair end the follo;~cinl; nc~rned tildernen;
J.~r1es ,'lee}soe, G. i. Lioll:in,~*er, Fro;; In r'=.n1ey, Curtis Foster,
I2. L. _;a.rrison, A. iZ. ;,;r~.nchestcr, Y. !'•. Fo•rrers, and L. PI. 3utirton;
City .;tturney J. Il. Spears and r;ity Clerk '~r. R. Sea, ton.
ALz;ont: Hone.
Rew~iin~; of I,~inutes oi' C,ounc i1 -eetin~s of June 16th and 17th r~•ere dispensed vTith
Lirrti.l the next ;aeetin,~ of the Ccuncil.
tlayor Fox•dyce preonted corrected plMl- of li].ocl: 172 oi' the P,c-tndal Addition to the
City oi' west i,e,'a;~his, there h~L>inr; ben .n error n the ox•i„i_ns11 plat filed. lifter
discussion of 'the ma.tt~~r, motion ~„as mz~de by i,Ller~a~m „arrison and seconded by Alder:aaxl
I'o~~er~ to accci>t t};e corrected plat of f=lock 172 of .IC?ndal Addition. ~i~on the clatter
being called to vote, the _~ollocain~-; voted:
1'~;re: 3ledeoe, nollinc;er, P'inle~~, ;'osier, -;n.rri~ on, , i~.uchester, ror,ers, lto.;ton.
II=,-r. }done.
_.J
hia~ror i'ordyce advised the Counc~.l ti,c.t 'ne },-.d rccei_ved ~ le'.+er fr~l!1 tae Six7a of
Camale, ;,lanl:er, Litll~ "'Done c hocl: re:;;re:,~rt-rr- the i..o ~el L t n.Y°y Yc a,esG:in„ refund
of 1?~l I'rivile~e License. rifler discussion ea .~ rlca:tr, C ;~{~!,orrley a ors l;~a
in:txucCed ~to iluoYtil tl,e F_xfin tint the licanse fc<~r:,:uld not Je rcfuln~:Ied, i - ~r.rwch aa.s
`~.he licene~c ITa.d not been yaid under protest.
I.I~~or T«'ordj-ce advised tilo Council that in accor'~l~ulce lr-.th ,ot,:ion ;:vue, hus;_;od,
<.nd ~iloi?ted oYl June 10th. authorizing him 1,o proceed ritll ne~otat:~_ons for the issuance
of Cert,iiicates of lnclebl..ednr ,s To:~. the Light <': ater ll .rt.-!:cot that he h.d contacted
hu•. :uallace Totivnsr'.nd, attorney o.~ Little }~och, prl:utsas, rll;o had ~rc1-,~.reu Certificates
of Trldeb. edness :iosned I~lreviously by the 'ity; _~r 9 that 1`r. 'Poansund had subrli.l.ed a
resold{,ion for the considers-,lion o1' t11e Colmcil. After discussion of the hatter, the
resole{;:ion 1+:~s intror_luced in rrritin and read in ru7.1 trr ;;lcL r:.i::n roster.
Alderr:~~n Iiorrbon moved that the ru.7_e re~:}uirin s<.id resolution to be read in fu11
on three different ;lays be sush~en<}ed, and that s:~.id Yesolution be phcced ou its second
r~°a:iinE;; motion rags seconded by ,11;1er ::.n uollin;;er, a.r.u thereafter the tlaj~or put the
question on the adoption of said motion, and the roil being called, the iolloti"rl_ng
voted;
Aye:~leclsoe,3ul.lin~;er, I'inle;,~, Foster, C,~~rrison, 1lanchester, l~orrers, ~torvton.
Nay ;lone.
";Vl:erelr~en ~t`1r` _ ti,;-oY• dec~a.ed tl,e :notion del,, ,.~ssEr ~~nd. c~id resolution L~_~.ced
on i tS ~eCOnd Y .U 1~. 1115 x -J0111t:i 011 ,. .. ~: e)1 1 . '.l 1`,ile u~CGnd t1Llc bjr ,~lU el':1c_n tilt: i~;i0e.
hl~,;e~ta.n ~,,axri~on then .ico'ed ~:~.t ;;naa ordi_~rsnco i:a nJ~r ,laced r:,orl~ls ,:altal
adoption, otion , as conded by 1111 r~.iv~n :'role 111 a ~~ frr .,~~ con ~ ~ c t ~ n crlereof
h; ..'L' d (~Ol4tr11.1, i,hG ~ ~.;"Uri' 'ut t.7e ~Lle.Tl.0x1 <Il L ] ~ -_::;i i,-011 O.. ~ .v' : ~, ~-01., ?.d Vi On the
roll b«~«=in[' c<z7_le~l, ~bh~ .iollo-~ain;, voted:
~'~ e: ^ i er, ce, _ . ll i_n_ er, I`irln ., , `o-;aer, „~-Y ~_so.., ..~l.lchestcr, i`otrex , and ;',u.. ton.
Nay: hone.
A
}~jtlGr~lll`0Yl Jl,b lti-1„`OI' CleCl~:x'Ed tie ::LGt;1o11 it Lll CJ_r2".CC:I ana -.'C.d r8E:OlLltlon y= i,CBC
l::on its 'irlc~_l rer'_. .ud ~.do lion.
Said resolution ",as read in f1r11 by sl ie,r:-~an ?•JSt .:r ~,~;Lo moved its adoption,
s~ccndect by hl,:.~.x.;ln pollinF:er, an«.{ after ~hle ccnoideruti.on ~i,hc:reof br ;;r,:id C~tinc~l.,
the :~a-or A~~ut the questiion r~.l,on ;,lr ~lo~Jtion of .~u'~} rot~i_on, ~:,nd u;,orl h.:,s&a-e. of as.id
r clut:ion, an:t tine r~.:.l bolo;, called, th_ i:ollo.,ind; voted:
A,-e: 'tl.c;~lsoe, Follin er, u'inlej', roster, Yri...,on, L}arc lesl~:r, !'Divers, and Po..tc.n.
,ahereu~,on t.l~; i.[aj~i called to life Ccninc_lc ati,en~~ion tl,a.t the resolution, cl~ pted,
c,rr ..:i.ncu .n en 1~` ,le,,~ r•1-uee and L€_._estcd th~.t of is LcI on :1JU]d uc 11-c;n y the
,until .,n tTl.i_„ cl:,.use. ,~'.", ron:~on ..lotion r_x~ '1~.~:E. h,; .,l ,c.l ~:.,~i 12ri un :..1, , ~.luly >c;conaed
b,, :,lclor:~t~sn Power:; tl.~ct ti:e em ~rl;ency cl~:luse of aid 1 c ~olu~~i.on ':.. idcpted, "lnd ~.,. t the
toll bolo c_~.]..ie~':, tl,e .~o1lor~rin~; vc~t~d:
:~:~e ~1~:d5o.:, .;_~l,.~n _r, ~ .n1c„~, ='cc1,;:r, _ _. icon, iicnr:'1 ;{,cr, i~o~.rora, . nu ~ ~.;1.
Ihu;,*: j~~lnne.
it 1 11 al 1' .:i or Alec I : r~cl 1 :~ ~ 011 :] ~,, of ct ~n t . ' ~ ~ ~ : + ~ on -t„ t;
y ., .>BC;, 1.: ~:L lt. t, ']i > i,Y'o ..1 ~0 .. '.;4 :.Olt?.` c.h `na ~ nC ~ ,1G1 l-'~,:, Y CCt~rl ~t0
i ..;
sprec~.~{ {hc ."c upon the rec,0 •d oP :<<~~olu ~c s ~ ~1:: It ex ve;: 1t 11H, ,~c•: .ll aa,
;lad to 1 nae sa ~e 1nL'.Li e~hed ~~ rep{aired b„ 1w~=r; .-.rl.~ to nlu.l,ur .~11~1 :;,_:.l rtion AID. 227.
~~
„r:i_d r. esolut:icn to r'ririch no atiend~ u;nt °aas o:C1'crcd read as follovas:
1Ih~CLll'I'IOII IK., 227
A RLSULUTlUII AUTIIU(ZIZ_I<G THE CITI OI' t°~ES1 J'1;'F'Iii~ TG ?~~~'G'1°! ;;p1t0,000.~O
TO I'AY FUR '1;KT~.~:1i0Id~ Ai') a.L.T'RUVF'LITS 'I~~ ."Pr!: -'UIQiCIPAL ai<",Tr"t; :dC:iLTiS, ARID
iIECLwiTiI:I1.G :1T" EI•}LR:;':T?Ct.
'.iI1EItIAS, in order to :,:cot file needs of the -residents oi' certain areas
in the Ci ty , the City of ;nest L:~raph ~ s, r~rLansas, extended and improved its
distribution systeet at a cost of ;~l,U,000.uU; and
tiaIIERHIAS, th~~ annual audit of the City s 1,-i~ ht and hater ::)epa.rtnaen$ for
the year e,nuing ilecern'oer 31., 19;1, prep-.red by uliver P. Cobs & Company of
Tde:.i:his, Tennessee, Certified t'ublic .+ccountants, sho~'rs a net operai:irtE;
revenue of the ranter del;artment of w75, 9u3.35, rviiich is lar;e enoul;h to Fray
pri ncir.al and interest oz all ~..~ter revenue bonds as they n!aturn and also
pay the cost of the e:aensions a.rd intprovcmerrts, c~:nd the provisions o£
Ordinance Tdo. 121 of the City o~ hest 1:'iei:rFrh i.s, aciorted Llay- 2u, 191}G, under
•~rhich ~~,he outst_~.ndin=• 1'~~,; bonds ;,cre ,.sued, a.ncl of liesolution I~Io. 181 oi'
tine City of ,lest Tle.a~plris, adopted L_a;r 2, 1950, urxiar rahich fire outstanding
,
2°~ 2-,'4~,', and 2~,; ~,rr~~,;:r '_~cn:as uer~ isa~.ie,l, F~erttit t'~e use by the Cit; of all
Uurplus rove?,ue .f~_.. .n; ::t;u~iciy :1 , url;ose; es~d
ur:^ERFrIS, fire (;i ~~ can uoi'ro~r a'uai interest _.. ~ of iij~ Leer wruunt the
..:one; to pay for t'rre i::tprove;:tents and e:ctens:ions ~,.,; i ch i t h.is r.r~~de, ~cnd
s'e>ay the loan out oi' ':.ts •,._.`;~,or rc~rernte; r_o:~, t.rere:Core,
FL if R:aOLTfED by tiro City ~;otuzcil cf t:~o City' of ;Jest ..:~atl,ii'~~, xr:cculscs,
that:
.iECT=iUAi 1. Froceed ing under authority of Section 7 of [pct ldo. 49 of the
19l~9 ;bets of r'~rkansas, the C-ity borrova the snm of tiy;~U,000.OU, due on or hei'ore
one year after date, bearing interest at the rate of 1}N per arinurn and Playable
out of the net .°:ater revenue.
tiEC`1'IOII 2. The loan shall t?e evidenced by one or more notes in su'ostarrti-
a17;~ the fol].oro~aim form;
RiVEDiIIE PftGT.1I3:iU1tY IdUTE
v~ '„eat T:Ie,nphis, ~+rkansas
19>2
iillUli` ALL I'Lli ia' '1'IIL1L PI::~I'.ix^5:
Th,i. the City of '~iesi ;I ~;.h_~, ~r':ansas, for value received hereby
promises to .~~;,~ to at ti,e Ulflce
of the Lii;ht and ;y'a cr tJelrar :nee of ~e Cx-ty o ;lcs T.ie:.r~his, rsr;:ansas, on
or before t~.:el•re :aorrt'rs after d.,lse, the Brun of DGLI~~RS,
+--,~-
bcarin:; in{;ercot from date ':aoreef until _=aid r~:t'-'i ~~e r~.~e o~~ oLU' 1•or centvrr
(!g;) her a.:nnutn ;interest l~ayc.ble set:v_-annuallyr.
'Phis note is one of a ser;.ec of one notes az;~re;;ai,int;
riUI,I,ARS (a ), isst.ted tinder the ar.tthoi'i.ty of 7e sty:.totes
of the S!,ate o ' r:ens s, >ar 1cuLirly Act '!o. L49 cf the ,acts of the ;seneral
t~sse;ably of the State of ;1.rl:artsas for tl;e year 1949, and ig I~".yable solely
from the net revernre derived from the operation of the ;:tunicil~ally o~~aned and
operated crater system available un:ier the tcrrts of Section 1!1 oi'
Urdinance No. 121 oi' the City of 14est i.lu,~phis, Fussed and a;.>proved T1ay 20, 1')~i6,
anal tinder the terrus of Ti,esolution Pdo. 10l of tiie City of '4oest Llemphis, passed
and arproved Liay 2, 1950, and :Ball not in any event constitute an indebtedness
of the City vaithin the mea.ninl; of arm const:i.tttta_onsl provision or limitation.
The City reserves the right to pay this note in ~vhole or in part at arty tune
of ~ ay,ncnt uF~on tPre amount so F;;aid, Tile City hereby naives notice of present-
ment for F~~ayrnent and arees that ail F;r.~;nants of prinoipal and interest shall
be endorsed on this note as and :ataen r>aae.
III i'uiT?ia~o;; '~ailiCcL'UF, the G_ity of iYest Icc~uph:is, Arkansas, 'r;as cause:.i this
note to be e::ecuted for and on its behalf by its Iayor and City Clerk under
the seal of said pity, this clay of , 1952•
i;IT't OF ~+lJ1T ;.liT?'i_U, r;i%I;AIaS.IS
Sj
T~Li1 C'SZ
;;nci _
~~i~: ';LE:2F.
(SEAL)
aL;C~1CId j. ;'>,s a~i ,io:::s1 sec,,rit;- !or t.le a~;.errL o.f' the notes autllor•i~ed herelr;-,
th> L'ity- hw=reb;~ 1,led-;es out oC tl]e net revenue c'eYived fro.,. t to nl:e_•_~t-on u~ i~Cs
electric li__llt ~_1rl _~o~:eY ~~.~tc,; ouch ..lousli.s, _f al]3~, .. ~ L ~ n~o:xxeci to ,., _^t ~.
c7ci';ault in said note.
ui(i'1 '.hil ~• +j tiiE ! G ;:eY'e1J'T Ob11~£1te3 _f.SC" f 7-rat ~O 3C_~_l. _,, ..OP.. BnC:il1'L~; Cl^ Ur SYI
o.r ~ ~cnner dispo^e oi' e._ther she -4,... ~i .;or ,:~ -sLe: OY' t,:,e e7 ectri c light and pnlJer
systela dl.ring tho thlo ,u]y of the r+~teo at.t.]aYied herel:ryor .n,;- interest Ci;ereon
rc,ai.ns unr•aid, or to do rte];;. act that aoul.l l:r_-air its 1>et tir:,tcr or electric -revenues
pled;;ed for the I' .~ ]ae11t oz s<:tid debt.
SliCTICPI ~. Uion the ps .;ale of this rasol.ut_on tit 1Sajrorund !~~t;r t'lerlc ~~re
anthvrizecl t:: e_.ocute ~a.ncl deliver reveliue I;-rerl-issory notes substantiall- in the form
set out in tltis rc~sohzt:i.on, to 2n a-r ~.c~' -Jaonnt vf' not over ~~>ia.0,OC30.00, to~;cther
~:+~th such oi~~her gapers and ci;rtificates t1s lna~r be needed to ssttisfy the i~;urch~~.ser or
Lurch-:.stirs of said notes of tl~:e o°iicers' ~a.tt'.lorit,y to erectzte tl]eln ~.nd a*" the validity
and eni'orcea':~i7.ity of t11e Cii.y's action.
~ECTICII 6. `t'he provisions of this resolution ax•c~ sel,.irable, and in the event arV,r
sentence, phre=.se or provision ]~e:re<'~f should qe held to be imra:Lid, such invalidity
sha'.1 not affect the remlinder of ti~is res-~lut,ion.
SliCOil '7• it is here'.~;~ rscertwined anal d~:c:Lar•ed tirr.t the City vrill shortly need.
to rlr.'.e e~:t~_,nsivt additions tv its l,a.tr;r~,~oz•l,s ~,-stel:i, .and in or+.ler to cio so it 1:+ill be
neccas•.Y~~ to clear tl.]e inciebtcdne;~ for e:.terlsionco ~:nd ilnprove:uents a.lr<:ady ra.Yde ::rid
that these e:ctens:i.on~ acre necessarJ tc ,protect t1lE health _:nd safety of the iril]ab:it<.nts
of the CitJ-, an therefore an e;'ner€;onc•:- e::ists a.ud t'as re;lolution, be:in~ neces ,?.r-~r 1'or
,>,.,.:1 ++_~'et„ _n_+.11 'c,e =-r~ Force ~:l..c,di '~eh-
t":.E , res::Y••ratiori of t:~e Ln-tblic, r~cace, .._.«lt~l ~~ , ,~
u>on and alter its : assa.;;e.
aSHHr;h; ;;-:e
:it.~~or , ord~~ce atlvi;red the sous]ci1 ti: L bursa-nt ,.;o tae a~;r. c: lcrrt wncl tur~ersl;,^_ncli.ng
of June 1G, 1)~2, he :.~.d rccc:::ved .+ ,i•.ce li• JoLnson's cliecl: in bI]e s1n;Y of
,FIVE 'I'''C'L'aA,'I (~j, 000.00) IOI~L't:?:i ,oay :.ble tv ;;r9_t Lel] len le,.,orial hospital.
I~ia~:ror 1~ crd ce l>rou, ht to th:. Uvt+nci l~ _ a ~ ,: ]rL .t,n tr .r(; the t,r ~t t,.nden Lie or ial
;;o r, Ltal :as delinquent ~:i.n tnc ,~ ^.;;a;lent of utilities, in i,he Ulu;l vi' ,1i., ~J17.93•
_,.~n•euF>ori, Sect i_o11 l;?-917 r f :1'- .~.aso.,, otrrtv.bos, er,t, fled ~~tml-.'ti,a t , ~vu ._]'a;,'
n~ruo~_l~:-1 l:~ro~crt;,~ or ~~,.rblic ut.ilita• sorvoes~' ,:.:.~ r~~.ti i;o the Coanc~l and ,,.acn;,sed,.
ii C ~:`!]n.'l.ttee of Alder~:!en F+olhn:;er anJ. i ~~.:ton ,r~ os _~ pointed her ;ia~ or Ibrdyce 'to meet
~nith the Tios~~~it.-il ?o_trd in ~+.n. effort to have the account ,o~id.
Lt~>+; or i~'orc'._~~ce reported to the Comicil 1_ro; ~ress b~~ n_; made :i_n ,~ t;,° ~+-ride survey
';:eltr• c~~n:.lucte:i r•~- Iix'• G• N• t~oanlcx• and that a re,~ort -mould be r~ndor^d by L:r. II 1 lar
in he nec~.r future.
~:]e Li_t.~'or zlu•tl~~er stated ~~o ~bhe ~onnr]_]. Chat th^re +:__e ~v~ral 13on1 ;~e ~. tits o
r
Li~~~,~le I~oc1., ;;il~a.~as, pr+~.:~ent rrno aesired to ~nl:r:-u.t 1>roi,osals for rlnunc~ng the
roconstrnction, i,:rsovenent and ~_.Len~ion of the se+:~e-r syst::rn ~:nd amlouncod t1r~.t aaiy
bvnd ~ ~ ~.l tits pr or_t ~~ '., c.~.rc :I Lo su ;r :it pY vY+o:+- is on the ton:: issue a ht ao so.
"asoY ~ `n ~ ce st 1 c 1 ~n ~ the (, ~ i~ ould .xrt ~ e I { arosted in 11~;~~ pY o u a~.ls ; 11-,~b
.ronlr ~.~h .te the i:i y~ '~ Y ,_l ,`Went funds
!:?~:Yelli!OI7 i,rn1,OC'i~~ ~:.vr'C .1,l.~iF.'. t~ 1'~ J~ 1Ze.rie~ ~. ;joriS, ~~. T.'i %iLeNht']1£i iF1V~ut•];lerit
Co,~ ~nl Lelsis .,. ~;herry all oz L=rtl„ ;1, :, .:;~.'l] 1~rol+o.~.+.ls ci~c sn,i~,~~~ i ~n ,i'irr~;,
d1 f -t '~L ..r-.n '~ t]]el'Cfr0::1 t:: ~`]~i~ T.~]• ii~1Y1C~ c:= pQ7, l r r '-.,..., t^ ~;IYY C17..~~JB :;1101] :~ +~ C+. 2.5 vi;e
__ ht ~.. 7,~.'.il'- '-i~__tlcd to issue a <-. ret L tl,e ~;~~ v:~ p~:x• end 3.~'~ 11iL:Y st,.
',1. .,. ~t~r:hens ul.._sl:;~ 1, ,c:,a;;,:.]>y et _ .~ paid x.17 interest, aril isa+'is ,,. ~:::c~•YjT at _-ar
an:[ ~.:0 :irn:erc~t.
Aft~~.r ~ .3~i.,e_.,s?on of t.le rnattor, i`~ dcvclc;+d ~,hct ~~:._i~. s o61Yex u~aler~ saoulu
hav< been ni~ti~!` ;d of t:]:• ~.set_rl-, and ..s ._.~ cc.;.._.l.:.ts of alriil_on o-~ file ;'»mcil tl]at
n" _lct'~.ori should tic: taken orl -the l~,rolrosals stlbrri tted.
;'e ,lu' ~din~,, lnspcctvr 'NZ<.~,ente-,7 t•'.re :Col7o,irl,' huiilil~, r~zl.:-ts rlc: h~,~i ~+:thori"~e<l
to 'ce .'~ ~, u: ~u, :::]oi:ion ,. i.. ...:c, ~; .s;sE:;l, ~.n;l ~~dop-Led to coll,_~irm bile ~.ct5.ons of t11e
!-?.'.li 1.,9i:1" ~.n~l,ector in the is;nc^.nce oT the i_~llo~+il.,:~ l:crlli ~s:
;~r_i_e 1;-erns ,ardc;7.7. P]evnrian
;h.rrlie ;;ample L~on•.rd Johnson
Scott-I:elly I`~urn:i.i:ure Co. 3o;r Tuclcer
I'red Jorde7.l !;l~zrence 11 ~~_ntvn
Clar:^ L^~. I_',,le C Jone.~
Lee Itusse.~.l "-±.ker ?avis
y,io furth::r hus_nr ~,lr~ins; 'fore tl,e Cetmcil '~,]e c]:- _tin~- - ., c'~j::urned.
~~ ~ i J
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