March 15, 1956i~dCPTES OF A REGIILAIt i~TIDIG OF Tfly CITY COUPIC7Z OF THE CITY OF WEST 2dCI,G'H]B, ARKANSAS,
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I'
The Council of the Cit~r of Sdest I'emphis met in a regular session at the City Hall
in said City at 3:00 P.Ii. on the 15th day of "March, 1956. ~+
;I f
f The meeting was called to order by the Mayor, and upon roll call there Caere: ~.
I',
Present: iiayor H, B, Price presiding and the following Aldermen:.
James Bledsoe, C. I. Bollinger, E. J. David, Bob Eden, F. B. Powers, j'
~~ R. H. Ray, Jr. and i. E. Roleson; City Attorney Atlec Harris and '!
City Glerk S, Z. Sims. ('.
Absent: Alderman J. E. Rimes.
It being determined a quorum was present, the following proceedings were had to-wit:
tlinutes of Council Iieeting on March 1, 195e, were read and there being no corrections
or alterations they were approved as read.
Alderman Bollinger introduced an ordinance entitled ~'An Ordinance Providing For The
Issuance Of A Series Of Public Utility Bonds of 1956 For The Improvement And Enlargement
Of The 4funicipally Chaned Y7aterworks And Sewer Systems Now Serving The City Of West Ifemphis,
Arkansas; Setting Up Certain Funds For Their Payment; And Declaring An Emergency,° which
was read in full b;,* Alderman Bledsoe.
Alderman Roleson then moved that the rule requiring the reading in full of an ordinance
on three different days be dispensed with. The motion was seconded by Alderman Powers, and
on the roll being called the voting was as follows:
Yeas: Aldermen: Bledsoe, Bollinger, David, Eden. Powers. Ray, and Roleson.
Nays: Bone.
The SIayor declared that more than two-thirds of the members composing the Council had
voted in favor of the motion to suspend the rule and that it was carried. Alderman Eden
then moved that the ordinance as read be adopted. This motion was dul;r seconded b~~ Alderman
Davin, and on the roll being called the voting eras as follows:
Yeas: Aldermen: Bledsoe, Bollinger, David, Eden, Powers, P.ay, and Roleson.
Nays: Z?one.
The Iiayor declares that the ordinance had been adopted, and then called attention to
the fact that Section 7.l~, the emergency section, must be adopted upon a separate roll call
in order to be effective.
Alderman Bollinger then read Section 14 again. Alderman Ray moved that Section 7-1-t be
adopted. This motion was duly seconded by Alderman Bledsoe, and on roll call the Polloiring
voted:
Yeas: Aldermen: Bledsoe, Bollinger, David, Eden. Powers, Ray, and Roleson.
hays: None.
The I~fayor then declared that the ordinance and the emergency section had been duly
passed, and thereupon he signed the ordinance in open Council meeting, his signature was
attested by the City Clerk. under the seal of the City.
The ordinance to irhich no amendment was offered read as follows:
0:?DIN.1i?C3 IIO. 316
At? ORDI^i1AlYC?,' P'OPIDI~TG FOR TF.T' ISSUAI:CE OF A S 3rS OF PiP3ISC UTIDITY BOTu~S OF
1956 F CP TI1/ I<~ROVSI°CT.?T r1T;D rP'•'LA:?G~i".Y"i;T OF TfIL 1:ZT:ICPILLLY 0?'TiIJ'D ;4ATr,I?WQ':RS AiID
S1•;4T'R SYvTF.Ia i?OYT S~3V~IG TH:s' CITY OF 4^TLST .'.F.i-~~IIS, A$1CAA?SrLS: S:TTIiIG OF Ci_2TI~It!
FUi7aS FO TiILIR F.1YP~NT: AiID DCLk1?II,?G 111; :sl.RGD':CY.
;•Ti~$F,AS, the City of YTest ?Memphis, As^lcansas, a city of the first class, oorns and
operates its municinaltraterworlcs and sewer systems, both of trhich need to be enlarged
and improved, and the City has had Arthur B. Heagler, a consulting engineer of
nine Bluff, Arkansas, design the 4rater and sewer improvements at an estimated cost of
`.500,000, and these plans and estimates of cost are on file frith the City Clerk, subject
to the inspection of all persons interested; and
4afiERFI~S, the City Dims and operates its municipal electric light and power system,
and the three s~,lstems constitute the Cityrs Fizblic Utilities System; and
l7II;RisAS, the City has outstanding :rater revenue bonds trhich are a first lien on the
net revenues of the waterworks system, and. the City li}:ewise has outstanding sewer revenue
bonds which are a first lien on the net revenues of the set-rer system, and the two issues
of water revenue bonds are also secured try* a conditional pledge of electric revenues,
and: the City has outstanding a series of public utility bonds dated P•ay 1, 195Lt. authorized
b;r Ordinance No. 275 of said Cit3* adopted on :fay 18. 19511, secured by a pledge o_° surplus
electric revenues (sometimes hereinafter termed "19511 Fublic UtLi..i.ty Bonds"), but the
combined net ann?~ } reyegue of ~h~ the s~rstp s a~~ greatly in excess of.ltehmen~s~~ annu21
requirements of/E14e $~b~8~~9gn..~ t~@11Yi~a r ~m~°iC~, ~io#;tr'~er~~S~,
BL IT ORDAIITyD by the City Council of the City of West Ilemnhis, lLkansas:
S3CTI0 1. The Council hereby finds and declares that there is i.,mediate need for
tY:e irnprover.:ent and ea:tension of the municipal watercrer}cs system notr serving the inhabitants
of the City, and that there is irLmediate need, in order to protect the health and property
tl:e inhabitants of the City. to improve and enlarge the sanitax^,,* seirer system of the City .
?_ brief description of the proposed improvements is as fol'.ows:
For the water:,rorlcs system: the ea tension of the distribution syster^. to
serve ne;r areas o_" the City notr trithout water se,•t•ice.
For the setter system: tl:e rehabitiliation of e.:istin~; sewer lines and the
constructior, of additional *nair.s and. relief sewers.
The proposed i.,.prove;:ents and. o.aensiors to the traterworls and the sanitary setter
systems are hereinafter terr;~the "i~Terl:s." and the present tvatercror;:s and setter systems
plus the proposed i*nprove;~ents and elaensions are hereinafter collectively ter.-:ed the
°Syste:7. "
tiSCTI01? 2 Tire Council hereb;~ finds and declares that tl:e period of usefulness of
the e,:istin~; ~taterworlcs and. setrer systems now serving the City of STest t;emphis i s r;ore
than forty yeas, which is longer than the term of the proposed revenue bonds .
SECTI01? 3. The City Council hereby*finds and declares that the net revenues derived
from the ::unicipa.'_ :rate+_• setter. .'. electric systems for the fiscal yrea ne_ct precedi::g
t'r.~s: :'ate e' this ordinance more than meet in full the conditions set out ir. Section 17 of
Ordinance ??o. 275 of the City of 1•Test ?iemp}Lis, passed and approved Ilay 18, 1954 (sometimes
hereinafter referred tc as "Ordinance ?o. 275") tthereby the City can issue additional bends
on a paitywith the Public Utility Bonds of the City dated :fay L 195u.
S3CTIOI; '_, That enter the authority of the general statutes of the State of Arkansas,
and paticulal~~ .rots I?os. 131 and 132 cf the General assembly o£ the State of askansas for
the ~~ea 193. as amended (sometimes hereinafter termed Acts 11es. 131 and 132, as amended},
eater and scxer second lien revenue bonds be issued in the total anount of ;'500,000, the
proceeds of the sale of tahich shall be used to pay the cost of the Ydorks. included en~ineer-
irg and legal fees and other necessary e.:penses; that said bonds be designated "City of
'.^Test I ~mphis, Ar':.ansas. "Public Utilit;,~ Eon of 1,°5c," to be dates. as of April 1, 1955,
numbered from 1 to 500, ooth inclusive, to be sometimes hereinafter referred to as ~'bonds,°
to be in the denominatier. of T1000 each. to be callab7.e as hereinafter set forth. and to
mature in numerical ercier on I:a~• 1 of each year as follows:
f.?: 30i:~ I~OS. _~iOUidT
(both inclusive)
7.957 1 to 12 5)12,000
1955 1 to 2~~ 12.000
1959 25 to 37 :3.000
1960 35 to 50 13.000
19'5'_ 51 to 61y 1x,000
192 ~5 t~ 75 Z1,.GOo
153 79 to ,°3 l>.oOC
7.9!1x 91: to lG8 15, Doc
1965 lG9 to ;2La 16.000
19'5 125 to 110 `,OOC
1967 ~'_ tc 157 17.000
~Q'S 1'>8 to 175 18.000
'9`•9
' 17~ tc 191: 19.000
l~
'O 195 to 211: 20.000
1971 215 to 235 21.000
1972 23'` tc 257 22.00^
197: ?SF' to 250 23,000
l°7~' 2~1 to 30!' '!~.00~
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1975 305 to 329 ^'.000
197 33o to 355 25:000
1977 35 tc 362 27-.000
1976 363 to 1,10 28,000
1979 1111 to 1139 25.000
1960 11;0 to l:69 30.000
1981 1;70 to 500 31,000
The bonds shall bear interest payable semi-annually on Fray 1 and November 1 of each
year at the rate of 3 1/2;~ per annum. The bonds shall be signed by the blaycr anti City
Clerk and. sealed with the corporate seal of the City; the interest upon the bonds shall
be evidenced by coupcns attached thereto, the coupons to be signed by said 23ayor by his
facs:.rrile signature, and the Fiayor shall by the execution of the bends adopt as and for
his of^m proper signature his facsimile signature aprearing on said coupcns. The bonds
shall be payable in lawful money of the United States of America at the office of
the Union Fiatioral. Ban's
of Little Roc'.-.. Arkansas
The bonds. together 4*ith interest thereon, shall be payable solely out of the
Public Utility Bond Fund as defined in Section 1~ (a) of CTdinance I:o. 275, and shall be
a valid claim of the r lder thereo° only against such Fund on a parity t-rith the outstanding
19511 Fublic Utility Bonds, and the amount o£ the revenues pledged to said Fund, trhich
amount of said revenues is hereby pledged and mortgaged for the equal and ratable payment
of the bonds of this issue and the 19511 l~blic Utility Bonds and shall be used for no
other purpose than to pay the principal and interest of both bond issues. except as
hereinafter set out.
S~CTICFi ;. Said bonds and coupons shall be in substantially the follo:ring form:
UDIITE7 STr~TF,9 OF ."~::.;^~ICA
ST.4TB' OF ~PP,AFISA5
COUIITY OF CRITTvF"J:F2
CTF'Y OF WEST FZ;:1 FI25
r;~ Public Utility Bond of 195b _
PIo.
1~SIOW AIS, ray DY TIIUSB PRESI~;TS
That the City of West Iemphis, in the County of Crittenden, State of Arkansas, for
value received hereby promises to pay, solely from the special fund provided therefor as
hereinafter set forth, to bearer, the sum of
DO~LFL3.5
on the first day of Iiay, 19 ,frith interest thereon at the rate of
per centum ( ;) per annw~rom date until paid, payable on Iovember 1. 1 ~, an
semi-annually-~Tierea£ter upon presentation and surrender of the annexed coupons as the;*
severally become due. Both principal. hereof and interest hereon shall be payable in
lawful money of the United States of A.mercia, at the office of the Union F;ational
Banl: of Little i2ocl:, Arlansas --- -
This bond is one of a series of bonds aggregating
oU~lars~- 'j,-ail of3ilce tenor anc~ e3`fect except as to number
and maturity, nod Srom 1 to both inclusive, and issued for the purpose of
improving and extending the existing municipal watercrorks and sanitary sewer systems of
said City. (The zraterworks and setter s,,*stems will be hereinafter called the ~~System. ~~ )
This bond and the series of which it forms a part are issued pursuant to and in
acccrdance with the provisions of the laws and Constitution of the State of Arkansas.
and particularly Acts IJos. 131 and 132 of the Acts of the General Assembly of the
State of Arkansas for the year 1933, as amended, and do not constitute an indebtedness
of the City of West Tiemphis %rithin any constitutional or statutory limitation. Said
bonds are payable on a parit;* z~rith the outstanding balance of the Cit~r~s issue of
Public Utility Bonds dated Play 1, 195!1, solely from a fixed amount of the revenues from
the System, which amount shall be sufficient to pay the interest on and principal~£ the
bonds as the same become due and payable. Said amount has been duly set aside and pledged
as a special fund for that purpose and identified as the "Public Utility Bond Fund,'
created by Section 11(a) of Ordinance Pdo. 275 of the City of West T^~enphis, dated Ifay 18, 1951x,
and the said City of West Tlemphis has fixed and has covenated and agreed to mainta_n rates
for water and sewer services cvhic.". shall be sufficient at all times to provide for the payment
of the reasonable erper_ses of operation, repair and maintenance of said System and to provide
for the payment of the principal of and interest on the bonds of this issue as the same become
de and payable. These bonds are subject to the prior liens of water revenue bonds on the
water revenues and o£ sewer revenue bonds on the secaer revenues and the conditional pledge
of net electric revenues for the crater revenue bonds, but the City has irrevocably pledged
that amount of its electric revenues that may be needed in an~r year to meet the maturities of
the bonds of this issue.
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This bond is e::pressly Wade negotiable by the statutes under trhich it is issued. and
is issued frith the intent that the lairs of the State of krkansas shall govern the construc-
tion thereof.
The bonds of this issue are callable for payment prier to maturit~r at par and accrued
interest in inverse numerical order, as follotrs:rrom surplus revenues derived £rom anv
of the public utilities, on any interest paying date; from funds from any source, on atiy
interest paying date or. and aster :?ay 1, 195$. In the event a call is made, the City shall
publish notice of such call for redemption once a taeel: for tine Creels in some newspaper of
general circulation throughout the State of rirkansas and published in the City of Little
Rock, Ar?cansas, giving the number and maturity of each bona being called. the first
publication to be at least fifteen days prior to the date fixed for redemption; and after
the date fixed for redemption, each bond so called trill cease to bear interest, provided
funds for its payment are on deposit frith the Haying agent at that time.
IT I,~ II;R.cIIY CLRTI.T~'TIsD, ?.ICITSD AIID D%CID that a~~- conditicns, acts and things
required to e:cist, to be performed and to happen. precedent to and in the issuance o:'
this bond do e:cist, have been performed grid have happened in due time, form and manner
as required by lair, and that sufficient cf the income and revenue which is deemed to oe
derived from the operation of said Syste:~ has been pledga.to and will be set aside into
,,^aid special fund for the na~m~ent of the principal of and interest on said bonds. subject
to the prior liens o£ outstanding bonds.
This bond shall not be valid until it shall have been authenticated b•.~ the certificate
hereon. duly signed b,:,r the Union ational IIar: o_` little Roc':. Ps?cansas
II? :7ITPuSS 'rdf::?~OF, the City o_° idest :`emphis, ;lr?:ansas. b~* its City Council, has
caused this bond to be signed by the i.ayor and City Cler'~ thereof a`Ld. sealed frith the
corporate seal of said Cit;•, and has caused the coupons hereto attached to be executod
b- the facsimile signature o'_' said ;:ayor, all as of the first day of April, 195c.
CITY OF 'vJL'ST ~.?PHIS, 1Z:i^~I;SAS
II
~:a~ror
(Seal)
Attes„-
City Clerk
(Worn of Ccuponl
Ilo.
On the first da~* cf ilovember, 19_. the City of West iiemphis, Crittenden County.
<',r}:ansas, tLnless the bond to trhich this coupon is attached is sooner called for payment,
promises to pay to bearer the sum o_` DCL`~.t~5 in lzrrful money of
the United States of ~TM:erica, solely out o the fund specified in the bond to trhich this
coupon apperatains, at the office of the Union. A?ational IIank of Little Rock,
?skansas ~ _iT~'~-
being interest t en due or its I'uo7.ic Utility on^.` of l~~ dated April 1, 19~ anc~
numbered
CIii ^ r'a^ :.:/.iDl1lS, L3ILAP1
.."iayor
(The first coupon trill be for seven months int,ea°est.;
Chi t`ru bo.c'- -_ ,a_ic' 'ponds is to appear the follo,.ring:
~~ T~'TC.'-.ice
This is once of the _ bonds aGgregating ."~_~ _ _ __described within.
Urior. Rational San; -
of ''=ittla Rec'.:. Arkansas _ _ , Trustee
3y _
.'.uthoriaed ~ignatur~
Kittle Roc::.. .~.,:ansas
SECTIOII ~. The City expressly+ declares that no part of this ordinance is intended tc
have or shall have the effect of i:.aair.g in ar~v rav the obligations of the contracts trhicn
the City has mach heretofore in connection :rit'r. the follo,aing five outstanding revenue bond
issues. namel;.+:
(a) Sewer Revenue Refunding and Improvement Bonds
dated Juue 1, 15115, authorized by Ordinance i':o. 107,
passed July 6, 19!15;
(b) Setter Revenue Bonds -Series of 15kS, dated
August 1, 1S115 authorized by Ordinance Ikc. 171.
passed September 5. 151:9;
(c) 3dater Eevenue Refunding Bonds dated du7;~ 1. 1S1ac.
authorized. by Ordinance IJo. Ll, passed I;ay 2~, 194;
(d) e7ater 3efttnding and Improvement =revenue 3onds dated
June 1, 15$0, authorized by Resolutior. ido. 131, passed
,;ay 1550;
(e) Public Utility Bonds dated ':ayr 1, 1551;. authorized by Crdinance
IIo. 275, passed ray* 16, 157 .
SECTIv.; 7. Ily ordinances du15- passed by the City Cowncil, the City has fiisei the
rates to be charged for services to be furnished by the .-cater and sewer systems, and the
Council hereby finds the rates so :^i.ed to 1pe the reasonable and necessary rr.3.nimum rates
to be charged, and said rates are hereby approved and confirmed. The rates so filed shall
never be so reduced that they trill produce revenue less than sufficient to meet as they
2ccrue the principal and interest payments rf the five bond issues described in Section 5
hereof and then outstanding and the principal and interest pay^cnts of the bonds authorized.
by this ordinance until all of the bonds of all or said issues and interest thereon have
been paid in full, and shall trhen necessary be increased in a-r a^.ount to provide for such
payments.
SECTIOiu °v. The funds created by Sections G, ^ and 12 of said 6rdinance ho. 275 shall
remain unchanged by+ this ordinance. T're balance o_" the revenues of the System after malin
the required paynnents into the Operatior. F'wnd is hereby declared to be the net revenue o'
the System, and there shall first be paid out of said net rccenues, in the anow-rt and at the
tines specied, the sums necessary to, meet the paynyents of principal and interest of the
^irst four bond issues listed in Section 5 of this ordinance. Snch pa~Rients sha'_1 include the
charges of the paying agent.
SECTION ,o. public Uti1~_ty :pond i~und. (a)
There was created by- Section 11(a} of Ordinance iio. 275. and so long as any
o£ the bonds hereby authorized are outstanding there shall be maintained, a special fund to
be Ynown as the 'Public UtiL.ty Bond Ftmd° (sometimes hereinafter referred to a^, the °sinking
fund°), into which there shall. be set aside from said net revenues remaining after provision
has been made for the payments set out i.n Section 6 of this ordinance such portion thereof as
will be sufficient to pay the interest on the bonds of this issue and the 1°51a Public Utility
Bonds as the same becomes due. to pay the necessax;~~ fiscal agency charges for paying bonds and
interest, and to nay* the principal of said bonds at or before maturity as herein provided, and
to create a margin of safety. It is hereby determined and agreed that the minimum amounts to
be so set aside and paid into the sin'cing fond each month for account of the bonds of this
issue and the 195h Public Utility+ 3or.'s shall be, in addition to the paying agents fees, not
less than 1/5 of the amount of interest becor..in~ due on the ne:t succeeding interest payment
date plus '_/10 of the amount of princip~ becoming due on the rest succeeding principal payTM~ent
date of both issues, wntil a reserve of ;115,000 has been accw-~u'•.ated.
Provided, hovrever, that no further payments reed be oracle into said sinking fun3 after and
so long as such amount of the bonds of this issue shall have been retired that the amount then
held in such sinking fun., including the reserve, is equal to the entire amount o£ the interest
and principal that tri11 have accrued and become due at the time of the retirement or maturity-
of all the bonds of both issues then remaining outstanding.
The undertaking to transfer and pay the prescribed amounts from the Water and Setrer :'unc.
into the sinking fund shall be ctunulative se that in the event the net revenues during arty
month are inadequate to mace the required transfer and payment, or if for any other reason
there be a failure to make such transfer and gay:..ent, the amount of the deficiency shall be
made up from the first available net revenues thereafter received, and the sale shall be in
addition to the amounts otherwise rewired to be transferred and paid into said sinking fund.
The City hereby agrees that if in aru+ month the funds from the i9ater and 3etrer fund.
available to be gaid into the sinking fund are insufficient to meet the then monthly payments
to said fun; as hereinabove specified. the City t-ri 11 irnediately transfer from the net revenues
derived from the operation o_" its municipal electric light and gotrer system: to the sinking fund
a sum equal to the amount of such deficit.
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(b) Said sinking fund ;hall be used. solel;• anu only an8 is herebd~ pledged
for the purpose of payin the interest on and accomplishing ti:e retirement of the
bonds o£ both issues. ~?ithdrawa.7 and remittances to the place of payment c£ the
pincipal and interest shall be *~ade in ample time to meet the semi-annual payments
of such principal and interest o£ both issues.
When the amount on deposit tirith the Trustee has accumulated a total reserve o£
"t115,000 over and above the current bond and interest requirements of both issues,
then the respective payments from the Water and Setrer Fund into the sin'cing fund shall
be reduced to 1/6 of the next installment of interest and 1/72 0£ the ne:~ i.^stal]ment
o£ principal of the bonds of both issues, together with the paying agents fee,
(c) The reserve of :',;;115,000 to be accu^~ulated. as hereinabove provided. shall be
designated 'Reserve ;`'t1nd, n and whenever wi.thdra:ral.s are made from said Reserve Fund so
as to reduce the balance therein to less than y115,000, the monthly payments of 1/5 and
1;10 above described shall be resumer: and shall be continued. as long as may be necessary
to restore the amount in said Reserve Fungi to .;'115,000, The funds in said Reserve Fund
shall be held as a trust account, or, at the option e£ the City, the~~ may be invested in
'ponds or other direct or fully guaranteed obligations o£ the United States of America
maturing cr being subject to retise::gnt at the option o£ the holder within not more than
t~relve years from the date o£ such investment. i7ithdrawals and disbursements may be made
from said Reserve Fund to meet the pa~znent of interest or principal to whatever extent
funds in the sinking fund are insufficient for that purpose.
In the event that the Reserve Fund is held on deposit in a depository, such
depository shall give security, either by a corporate bond to be approved by the Water
and Sewer Commission or by the escroror deposit of bonds or other direct or fu71y
guaranteed obligations o£ the United States of bmerica, for all sus or. deposit tirith
it in excess o£ ?;.10, 000.
SECTI011 10. The revenue £rom the System which remains after making full provision
for the funds hereinabove established is hereby declared to be surplus revenue and may
be used by the City to call bonds of arty issue for payment prior to maturity or to make
improvements or extensions to the System.
SECTION 11. -+11 the covenants, restrictions, conditions and provisions set forth
in Sections 11;, 15, 15, 17, 18, 1°, 20, 21, and 22 of said Ordinance :h. 275 are hereby,
each and all, ratified and confirmed, and shall continue in force and in:~e to the
security and benefit of the 195a Fublic Utility Bonds and of the Public utility Bonds of
1955, as fully and as effectively as if herein set cut in full, it being specifically
hereby covenanted that the amou7ts to be paid into the Public Utility Bond Fund shall
be sufficient to pay the interest on and the principal of all of the 195: Public Utility
Bonds and the Public Utility Bonds of 1956 from time to time outstanding as such interest
and principal become due.
SECTI01' 12. The A3ayor and City Clerl: are hereby authorized and directed to advertise
the bends for public sale after ttaenty days advertising, the notice to carry frith it the
provision that the buyer shall have the right to convert the bonds to bonds bearing lower
interest rates, substantially i.n accordance with the Universal Bond Oalues Tables so that
the Cite shall receive no less and pay no more than it would receive and pay if the bonds
were not converted, and subject to the approval of the City Council; that the City*~s
agent trill be requixed to pay the expenses of printing and trusteei~ the bonds and the
fees of the approving bond. counsel; that the City will furnish a transcript o£ the
proceedings; and that the bonds shall be callable for pg+ment prior to maturity at par
and accrued interest ir: inverse numerical order or. any interest paying date if called
from surplus revenues derived from any of the public utilities, and on arty interest paying
date on and after Iay 1, 1959, if called £rom funds from any other source. The notice
sha71 further provide that the City at its option may deliver on7~* x300,000 0£ the
proposed w500,000 bond issue, reserving the right to issue the remaining X200,000 later
and on a parity orith the bonds first issued, In the event that the City reduces the
present amount of the bonds being delivered to ~s3000,000, it shall make the reduction as
nearly as possible uniformly throughout the schedule as advertised.
SECTI013 13. The fiayor is hereby directed to publish for one insertion i.n the
CRITTEIdDEN COUNTY TIr~S, which is hereby found and declared to be a neorspaner published
in and of general~oirculation in the City o£ ;9est :;emphis, Arkansas, a certified copy
of this ordinance, preceded bar a notice signed by him i.n substantially the following
form
ilOTIC
Notice is hereby given that the City Council of the City o£ West Memphis,
Arkansas, has adopted the ordinance hereinafter set out; that said City
contemplates the issuance o£ the bonds describe:: in said ordinance; that
any person interested may appear before the Council or. the 5th day of
April, 1956, at~3 o~clock r,i, at the usual place o£ meeting in the Cit•r
of i~Test f:emphis, and be heard, :?t such hearing ali objections and
suggestions will be heard. and said Council r_'_1 take such action as is
deemed proper in the premises,
DATED this 15th day of larch, 195E
/S/ HC11:'rLL B. ?'RICE
i-:a.yor o£ West iiemphis, Arkansas
SECTIOPI 1':. It is hereby ascaxfained and declared that there is immediate need, in
order to protect the health and property of the inhabitants of the City, for the improve-
ment and extension of the waterworks and sewer systems now serving the City of West ?emphis,
Arkansas; therefore; an emergency exists and this ordinance is necessary for the preservation
of the public peace, health and safety, and shall take effect and be in force without delay
from and after its passage,
i;ayor ?rice informed the Council inquiries had been received as to a charge for a
season tic?cot to•the City Sirir¢ning Fool, and appointed a committee consisting of
Aldermen Bledsoe, Bollinger, and David to irork *.,'ith ?lo~~c' Playlor, ilanager of the St~rirming
Fools, in determining a fair charge for a season ticket and to report to the Council.
The Council bras advised the Board of Trustees of the West iemphis Fublic Library are
functioning and appointed a committee of Aldermen Himes, Eden, and Ray to rror'.:~rith the
Board of Trustees.
An ordinance entitled "An Ordinance Incorporating A Part Of The Plortharest quarter Cf
The Southwest CAuarter Of Section Ttrelve, To;,mship Sig: Plorth, Range Eight liast, Crittenden
County, Arkansas, Being The Lands hying South Of Barton :.venue, East of Pich ?road, Nest Of
Lehr Street A.nd North Of Roosevelt Avenue Ei-tended," iras read. the second titre by
Alderman 3o11inger, trho moved the second reading be approved, The motion was seconded by
:+lderman Bledsoe, and upon roll call vote, the voting t~ras as follotrs:
Yeas: Aldermen: Bledsoe, Bollinger, David, Eden, Pocrers, Ray, and Roleson.
Drays : Pi one ,
The report of the Building Inspector for aaplicatiors and permits from ,:arch 1 to
15th was presented. and read,
Applications Denied: Des. Dora Iti.ller, 200 'vlest Oliver
Applications Approved:
1?. :'inlet'
Sports Dress Shop
Love ulil'iams
nest I~mphis Lumber Co,
Orville ?:, Demuth
Prs, E. F, Denson
Leona Bradley
Ollie Tommes
i~°:otion was made by Alderman David and seconded by Alderman 3oleson that the action of the
Building Inspector be approved. Upon vote, the voting eras as folloirs:
Yeas: Aldermen: Bledsoe, Bollinger, David, Eden, Poarers, ~aD•, and Leleson.
:days: None,
Application of Hayes Ray Used Clothing Store at 731 S, 10th Street was presented,
It bras brought to the Councilrs attention that the area is zoned as "B" Two Family
Residential Area, Upon recommendation of City Attorney Atlee Harris the applicatior.iras
denied as such store is prohibited in a °&' 3esidential Zone by Ordinance DIo, 165.
The accounts payable for February were presented:
General Fund °;6,565,38
City Property Construction Fund 28!:,67
After discussion, motion was made by Alderman Towers and seconded by Alderman Say: That
the accounts payable for February, 1°55, be approved as presented, and the Council approve,
authorize, ratify*, and/er confirm pa3mront of the foilo:ring accounts and salaries:
CiY ItOFi~i'TY COP~.""_.UCTIOAI FUi1D
Bod~r Guard P~'g, Co, ;:+57.03
Cairns ~: brothers 32,25
"'°~-. Rubber €_ Supply Co, 50,0
Body Guard ifg, moo, 23.38
P7. L, Utility Comm, E, 865, 0^
ark, Suppl; Co. 1;11.18
Bo;rcrs c: Wood 'f~, "?~ ~~~
.:+_:
Garrison Ready-iliac 1, c71~.35
?lallin-Dickey & ?ich '2,01
J, -, .:ortgomery !;3°, 1C
PUBLIC UT=,Ti"f BOPID COPISTRUCTIOPI rUiID
^ D?eaglet r315.OC
A, ~, Heagler 1,100,00
FI'~.:._:~S ?ELILU' ~; FL'IISIOI Lam..-
_~ _.,. ~'~ 10.00
'niit~I:urplZy 175. ;0
I
I
"DI'~4L .NUIID-COPT,
GDI.Tlu1L FU'_•;L-COI;T.
sden Fontiac ~'2,1tG0.00 ^armers Supply Co. 6
3~
,t nn OC i o~; Ilozzle International ,
~15
97 '
sso standard ;,il
-
':
Rubens
-~'~~ 2
25
33
Coe Electric .
;
g,lig I
.
Esso .
~5
1
1i
7= Hawkins trClpt,
H
C 4, 261, 37 '
c
C. Uponton Cc. ,
.,
.
2r~$.96' amilton
linic
Eollocnay g,Op
I.
1
$0
?T, p;, Toggery c36,4!. Holland "r;otor ...
l
3S
~
' Conrrers Sian ';11.00 Johnson Auto j ,
~1
q B, ?•P,iitten 7x5.00 '.ogan Lesh _.,
~
4
7:
c. Duncan ~,,,.
~.~.50 J, Lexis .
21
7
J, De3ome 7!.12.50 ;Cao_c Hats .
C. Iialeil 71:2.50 I`cCaa Chev, 10.74
{I ~. 3omines
' 150,00 :.2nning Lbr, 42.12
'. Ri:?dic
.; 130.00 I:artin Petroleum 26
58
V D, Steven 12,00 ~ Graves-°icCaa
~'aY- .
104.60
•., McCulley
' 12$,00 =iid-South D:tiygen ,g3
i B,
rasters 125. D^ . ,
:;~,e_South Oil '
j
0
5.3
C• BYr~I '2x.00
; Ozburn-Abstor; ,
,
i
_3_.3~
3 Jarman
J
I'~ -'5.00 Feter Pirsch SO^. $1
j
t .
asey 125. DD J. A. Riggs
J, Spar';man 12x.00 Rays Ilectric 254.55
~ L. S;ritzer '25,00 Spalding Tire 13.79 ~
i ~. Iiarris 125.OD Sand J. Products 264.75 ~
J. IIowei? 300,00 Scruggs Eopt. x
48
7?. '.1lison 170,00 Standard Farts Co. ,
)
2
r . Ilaylor 175.00 C. J. Upton Co, ,
00
50
~ ~rT, Perrino 175. DC C. J. Lh~ton Cr„ .
98$.57
I H, Johnsrn 137.$0 W, M, yaterin p'
any Hos ital 4 i
2
00
5. Smith 156.00 YT, :., L~undry_Cleaners ,
25.98
I ", Hcrr 100.00 a. i:, I:aehine ShoF 1$.00 j
i Carnes 100.00 ~ d, I~;, L+Triolesale Grocart* 18.6$
s ~. A.nderser. 175,00 Wolf The Tailor 2
60
~ 0, Hatton 150.00 ;•i r'. Togger}* .
;g7,an ~
~ ' IT• D~'bY 7110.00 Director Internal Rev.
l o64,7D
T., ~c:ar- 190.00
J United. Insurance r'.gencY 17.4,16
1
{ T, .aplan .00
- Business :Ten's Assurance ,
238,59
J, ?:ernis 12$.00 H, B. Price 400.00
. Harrell 725. DD aims $0.00 !
I J. Ioore 125.00 n. Ceti*en ~ $0.00 I
C. 'Cis'.-:doffer
^ 125.00 Ii. H. Say, Jr. 50.00
orrers
C. 12x.00 J. Bledsoe 50.00
0. Rushing 12;.00 L. Roleson r
>0.00
~ T, Burl-hart
' 125.00 0, Bollinger 50.00 '•
. Laz',run 125.00 si, :;den 5C, 00 i
! .. Simmons 1_^^5,00 B. David 50.00
,Scott 7?r,00 S Pct-rers $0,00
w tic"r' 15.7; J. Hmes
50.00
Smith
"'
.-~
:
Utilit
C 36.50 Harris 300.00
,_
{
.
y
omn, 35.92 S. Smith
156,00
{ I1, Harris
95.10
R. Herr i
100.00
C. Tinsley 92 c$ :. Rubens 2D0,00 ~
L, I~aY 57.7.? J, Hillencamp 232,90
i 7, Hale 87 i~ ~r
. Carnes
25.90
-T, Hi11 61.63 B, Ilay 68.03 ~
J. Harris 95.10 F., Holland
375.00
• Dabnar
J
92,65
Bud Holland-Teals {
1
3S9.50
~
a ~cCul.lar
87,x,3
B, 'vTnitten ,
{
150
00 I
,
annataar~ 57.13 C. Duncan .
X2
50
~ I', Johnson 87.13 C
'icNeil ,
1112
50
• T
i iosley
., ~ 95.10 V. itomines ,
I
150
00
... I.,ee 9 6
~, K R, Riddick .
130
00
J idatson
, 57.x? D, Stevens .
125
00
. Bishop 7.:.4$ L, iicCulleY .
12
00 I
5
f Hill
~ 57.E B, iiasters ,
12
.00 i
.. ..rnold
' 57.1'•
~ "vT, Smith [
2
00
~ ". Hudson. 92,25 C. Byrd ..
125
00
C. Blunt 57,?~ E. Jarman .
to DO
Wardlotu
I G
'
~
H 76.55 J. Li~aseY 125.00 ~
ap
;
.
.ns 57.1,3 J. Sparlanan 12$.00 !
i - 3'-'a:_ton
' 76.55 i.. St-:itzEr 125
00
Ferguson 15000 B, Harris .
125.00
~ Hornell '!15,10 J. bllen ~~
1_>,00
Garrett
• 75.00 I: Davies 125.00 ~
,
I:elly ~~2 50 C. Graves 125.00 ~
i II. Gi12ham 1?2.50 Houston ]?5.00
I. i'.ushin~
'' 132 ~0 .: "-Tara ;5
1_ .00
Jeff rs
e on
~,; 85„~~ J. Hotiaell 3DD
DD
µ,
i'; .. Sc es 21.75 J. fiarrlor ,
175. on
{i 3d:>outh Gas 31;'_.;,2 Ellison
~ 150
00 i
!{ Southwestern Bell
l 30 ~^ . Fighshoe ,
70
00 j
il h. Smith, Jr. 1~ ._ rs [* crazier .
26
00
so~~2rs and T:Tood
~ r3~ [
~ rs C.
~elaffai .
Oo
L
S
i Crittenden Count,Y Tithes
~ ' q~
1
105., - .T. r-errine .
.
17$
00
r1. Cooler- and Co. 15.00 H. Johnson .
137
50
B• Dann ll,5c T. Stacy .
DO
30
?den Pontiac
'~ gl,gl,
-
,Anderson •
i
17 ,OC ,
GENERAL FUND-CONT.
0. Hatton ~`r150,OD
W, Darby 11tC.OD
^.. i ~cgay 130.00
J. Leiris 125.OC
5T. ?;azlan L'S.00
L. Iiarreil 1?5,00
J. iioore, Jr, 125,OC
0, Kirkdoffer 125.00
C. Powers 125.OC
T. Burkhart 125.00
J. Landrum 125. DC
P.. Simmons 125,OD
D. 2ushino 125. CC
J. Scott 125.00
C. Griffin 125,00
'rd, h, Fire Dept. 72.00
H. Price 18.60
S. Smith 3C.liD
W. Harris 90.OG
C. I4osley 85.00
L. xey 79.9D
E, Hale 79.90
Sd, Nill 79.90
J. Harris 9D.00
J. Dabner 85.00
J. IcCullar 79.90
id. Gannaway 7S.S0
F, Johnson 7S.90
T. Ploseley 9D. DG
... lee 85. DO
J. Watson 79.90
R. I~Iardlora 79.90
. Hill 79.90
G, Ferguson 150.00
S. Howell ll8.10
C. Garrett 75,OD
J. ''iC-lley 132.50
J. Gilll7am 132.50
H. Rushir.,g 132.50
Jefferson 85,00
. Scales 12.75
E, Arnold 79.9D
.. Hudson 81y.60
C. Blunt 74,50
G. Hopl.i.ns 79.90
L', Bra~_ton 7o.5D
R, Fugh Abstract Co. 2GD.00
Upor. vote, the voting was as follows:
Yeas: aldermen: Bledsoe, Bollinger, David, Eden, ~orrers, i3ay, and :~~oleson.
Nays: I1one,
There being no further business, motion to a~.journ ryas made bar S_ld.erman Bledsoe anei
seconded by Alderman Roleson. The vote was a`s follows:
Yeas: Aldermen: 3ledsoe, Bollinger, David, Eden, ?o~;ers, kay, and .oleson.
T.?ays: D?one.
~~~J v*~
A1=I'?OVED: APR7Z 5, 1956