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HomeMy WebLinkAbout1962-12-04 MinutesM The City Council of Fayetteville, Arkansas, met in special session on Tuesday, December 4, 1962, at its Special regular meeting place at 12:00 o'clock noon. seting Present: Mayor Guy E. Brown, City Clerk George J. Davis, City Controller Albert J. Jones, City Attorney Bass Trumbo, and Aldermen: Laverne Heflin, Arnold Christie, Garland Wheeler, Grover Thomas, Ellis Burgin, George Faucette, and Carter Short. Absent: Alderman earnest Standley, ose of The Mayor reported that the purpose of the meeting was to pass an ordinance relating to the Bond Issue foi ng, financing the refunding of bonds, construction of a Police Station, Fire Stations, and an extension to tha present City Hospital, and other matters related thereto, and that all members of the Council had been notified by U. S. Mail but Alderman -6'arnest Standley was out of the City and could not be present but had waived notice of the meeting. ver of ce WAIVER OF NOTICE OF SPECIAL MEETING OF THE CITY COUNCIL Comes now the undersigned, being a duly elected, qualified, and acting member of the City Council of the City of Fayetteville, Arkansas, and specifically waives notice of a special meeting of the Fayettevil: City Council to be held in the City Council Room of the City Administration Building, Fayetteville, Arkan: at 12:00 o'clock Noon, on Tuesday, December 4, 1962. Dated this 4th day of December, 1962. Alderman,Ward 2 Ordinance notice of Alderman Short introduced an ordinance entitled,"AN ORDINANCE AUTHORIZING THE REFUNDING OF THE CITY'S No. 11324 GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS DATED NOVEMBER 1, 1959; THE ACQUISITION OF A SITE FOR said passed. AND CONSTRUCTION AND EQUIPPING OF A CITY JAIL AND COURT BUILDING; THE ACQUISITION OF SITES FOR AND THE at which election the CONSTRUCTION AND EQUIPPING OF .BUILDINGS FOR THE HOUSING OF FIRE FIGHTING APPARATUS; THE PURCHASE OF FIRE issuance of FIGHTING APPARATUS; AND THE CONSTRUCTION AND EQUIPPING OF AN EXTIIQSION TO THE EZISTING CITY HOSPITAL; for said purposes; and LEVYING A TAX SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS; PRESCRIBING OTHER MATTERS RELATING THERETO; AND DECLARING AN EMERGENCY". and the City Clerk read the ordinance in full. Alderman Short, seconded by Alderman Burgin, moved that the rule requiring the reading of an ordinance or resolution in full on three different days be suspended and that the ordinance be placed on its second reading. The Mayor put the question on the adoption of the motion and the roll being called, the followin€ voted Aye: Heflin, Christie, Wheeler, Thomas, Burgin, Faucette, and Short. and the following voted, "Nay" None. Thereupon the Mayor declared that at least two-thirds of all members elected to the Council having voted i favor of the motion to suspend the rule, the motion was carried and the rule suspended. The ordinance was then read by the City Clerk for the second time. Alderman Short, seconded by Alderman Thomas, then moved that the rule requiring the reading of an ordinan in full on three different days be further suspended and that the ordinance be placed on its third readinj The Mayor put the question on the adoption of the motion and the roll being called the following voted "Aye" Heflin, Christie, Wheeler, Thomas, Burgin, Faucette, and Short, and the following voted, "Nay" Nonel, The Mayor declared that at least two-thirds of all members elected to the Council having voted in favor oi the motion to suspend the rule, the motion was carried and the rule suspended. 1 The ordinance was then read by the City Clerk for the third and last time. Alderman Burgin, seconded by Alderman Short, moved that the ordinance be adopted. The question was put by the Mayor on the adoption of the motion and the roll being called, the following voted "Aye" Heflin, Christie, Wheeler, Thomas, Burgin, Faucette, and Short, and the following voted "Nay" None. Alderman Short, seconded by Alderman Heflin, moved that Section 18, the emergency clause, be adopted, and on roll call the following voted, "Aye" Heflin, Christie, Wheeler, Thomas, Burgin, Faucette, and Short. Nay, None, The Mayor thereupon declared the ordinance and the emergency clause adopted and signed the ordinance, which was attested by the City Clerk and impressed with the seal of the City. The ordinance was given No. 1324., Ordinance I ORDINANCE NO. 1324 No, 1324 AN ORDINANCE AUTHORIZING THE REFUNDING OF THE CITY'S GENERAL OBLIGATION REFUNDING AND IMPROVEMENT BONDS DATED NOVEMBER 10 1959; THE ACQUISITION OF A SITE FOR AND CONSTRUCTION AND EQUIPPING OF A CITY JAIL AND COURT BUILDING; THE ACQUISITION OF SITES FOR AND THE CONSTRUCTION AND EQUIPPING OF BUILDINGS FOR THE HOUS] OF FIRE FIGHTING APPARATUS; THE PURCHASE OF FIRE FIGHTING APPARATUS; AND THE CONSTRUCTION AND EQUIPPING 0� AN EXTENSION TO THE EXISTING CITY HOSPITAL; LEVYING A TAX SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS; PRESCRIBING OTHER NATTERS RELATING THERETO; AND DECLARING AN EMERGENCY, 2 WHEREAS, by Ordinance No. 1321, duly passed by the City Council of the City of Fayetteville, Arkansas, and approved on the 3rd day of October, 1962, there was submitted to the qualified electors of the City o Fayetteville, Arkansas, the question of issuing bonds in the amount of $1,090,000.00 for the purpose of acquiring a site for and constructing and equipping a city jail and.court building, acquiring sites for and constructing and equipping buildings for the housing of fire fighting apparatus, purchasing fire fighting apparatus, constructing and equipping an extension to the existing city hospital, and refunding the City's outstanding General Obligation Refunding and Improvement Bonds dated November 1, 1959; and WHEREAS, due notice of the election was given as required by law and said election was duly held on November 6, 1962, at which election the electors approved the issuance of bonds for said purposes; and WHEREAS, the results of the election were announced by the Mayor by proclamation duly published in a newspaper published in the City of Fayetteville on November 15, 1962; and WHEREAS, After due advertisement for the time and in the manner required by law, bonds in the princi amount of $1,090,000.00 were offered for sale on auction bids in the office of the Mayor, Fayetteville, Arkansas, on November 26, 1962, at 2:00 o'clock P. M., and at said sale the best bid was that of E. L. Villareal & Company, Hill, Crawford,&. Lanford, Inc., Southern Securities Corporation and George K. Baum & Company, Kansas City, Missouri, who offered the price of 165.58 cents on the dollar and accrued interest to date of delivery for bonds bearing interest at the rates set forth in the Notice of Sale, and this being the best bid said bonds were sold to said firms at said price; and WHEREAS, pursuant to the authorization in the notice of sale the purchasers have elected to convert the $1,090,000.00 of 3.40%, 3.70%, and 3.4% to an issue of $1,211,000.00 of A 3K 3.40%, 321% and 1% bonds, hereinafter described in detail, and the Council has examined said conversion and has found the same to be within the provisions of the Notice of Sale and that by virtue of which the City will pay no more and receive no less than it would pay and receive if the bonds were not converted. Ordinance No. 1324 (Continued) YEAR NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Ordinance No. NOS. AMOUNT 1324 Section 1. That the above described acquisitions, purchases, construction, improvement and refunding (Continued) 1966 ipproved by the electors of the City at said election be accomplished. - 27 $27,000.00 Section 2. That the sale of $1,090,000.00 of bonds at the above described price to the above set fort 28 - 54 firms and the conversion of said bonds as set forth above ve, and the same hereby are, approved and 1968 55 on£irmed. 28,000.00 1969 Section 3. That under the authority of the Constitution and laws of the State of Arkansas, including - 112 30,000.00 rticularly Amendment No. 13 to the Constitution of the State of Arkansas, City of Fayetteville General 113 - 143 bligation Refunding and Improvement Bonds are hereby authorized and ordered issued in the total principal 1971 144 mount of $1,211,000.00, the proceeds of the sale of which are necessary to provide sufficient funds for 32,000.00 1972 he above d&scribed acquisitions, purchases, construction, improvement and refunding and to pay necessary - 208 33,000.00 xpenses incidental to the issuance of the bonds and the accomplishing of the said acquisitions, purchases 209 - 241 onstruction, improvement and refunding, including an amount sufficient to pay interest on the bonds until 1974 242 ax collections are available. 34,000.00 1975 rhe bonds shall be numbered consecutively from one(I1) to twelve hundred eleven(1211), inclusive, and all - 309 34,000.00 shall be in the denomination of $1,000.00 each. The bonds shall be dated December 1, 1962, and inter 310 - :345 �onds hall be payable semi=annually on January 1 and July 1 of each year, commending July 1, 1963. 1977 346 he bonds shall bear interest as follows: Bonds Nos. 1 to 275, inclusive, shall bear interest at the rate 36,000.00 1978 f 3% per annum; Bonds Nos. 276 to 381, inclusive, shall bear interest at the rate of 3�% per annum; - 418 37,000.00 Nos. 382 to 457, inclusive, shall bear interest at the rate of 3.40% per annum; Bonds Nos. 458 to 419 -;1457 1onds 051, inclusive, shall bear interest at the rate of 3z% per annum; Bonds Nos. 1052 to 1111, inclusive, sha 1980 458 Pear interest at the rate of 3% per annum; and Bonds Nos. 1112 to 1211 shall bear interest at the rate of 41,000.00 1981 r% per annum. The principal and interest shall be payable in lawful money of the United States of America - 541 43,000.00 pon presentation bf the bond or proper coupon at the office of Bank of Arkansas, Little Rock, Arkansas. 542 - 584 he bonds shall mature on January 1 of each year as follows, but shall be callable as hereinafter set fort YEAR BOND NOS. AMOUNT 1966 1 - 27 $27,000.00 1967 28 - 54 27,000.00 1968 55 -- 82 28,000.00 1969 83 - 112 30,000.00 1970 113 - 143 31,000.00 1971 144 - 175 32,000.00 1972 176 - 208 33,000.00 1973 209 - 241 33,000.00 1974 242 - 275 34,000.00 1975 276 - 309 34,000.00 1976 310 - :345 36,000.00 1977 346 - 381 36,000.00 1978 382 - 418 37,000.00 1979 419 -;1457 3% 000.00 1980 458 - 498 41,000.00 1981 499 - 541 43,000.00 1982 542 - 584 43,000.00 1983 585 - 629 45,000.00 1984 630 - 675 46,000.00 1985 676 - 724 49,000.00 1986 725 - 775 512000.00 1987 776 - 827 52,000.00 1988 828 - 880 533000.00 1989 881 - 935 55,000.00 1990 936 - 993 58,000.00 1991 994 - 1051 583000.00 1992 1052 - 1111 60,000.00 1993 1112 - 1211 1000000.00 Section 4. That the bonds shall be executed on behalf of the City by the Mayor and City Clerk and s impressed thereon the seal of the City. Interest coupons attached to each of the bonds may have the imile signature of the Mayor of the City lithographed or printed thereon, which signature shall have same force and effect as if he had personally signed each of said coupons. Section 5. That the bonds and coupons shall be in substantially the following form: UNITED STATES OF AMERICA STATE OF ARKANSAS COUNTY OF WASHINGTON CITY OF FAYETTEVILLE GENERAL OBLIGATION REFUNDING & IMPROVEMENT BONDS $1,000. ALL MEN BY THESE PRESENTS: That the City of Fayetteville in the County of Washington and State of Arkansas acknowledges itself owe and for value received promises to pay to bearer the sum of ONE THOUSAND DOLLARS 'n lawful money of the United States of America on the first day of January, 19_, and to pay interest ereon at the rate of per cent ( %) per annum from date, semiannually on January 1 and July 1 f each year, commencing July 1, 1963, upon presentation and surrender of the annexed coupons as they everally become due. Both principal and interest of this bond are hereby made payable at Bank of Arkansas, Little Rock, In nance This bond is one of series of twelve hundred eleven (1211) bonds, aggregating One Million Two Hundred 1324 Eleven Thousand Dollars ($1,211,000.) dated December 1, 1962, and numbered from one (1) to twelve hundre inued) eleven (1211), inclusive, all of like tenor and effect except as to number, rate -of interest and maturi and the bonds are issued for the purpose of -acquiring a site for and constructing and equipping a city 3 and court building, acquiring sites for and constructing and equipping buildings for the housing of fire fighting apparatus, purchasing fire fighting apparatus, construction and equipping an extension to the existing city hospital, and refunding the outstanding general obligation refunding and improvement bonds of the City dated November 1, 1959• T}is bond and the series of which it forms a part are issued pursuant to and in full compliance with the Constitution and laws of the State of Arkansas, including particularly Amendment No. 13 to the Consti tution of the State of Arkansas, and pursuant to ordinances of the City Council of said City and an election duly held at which the majority of the legal voters of the said City voting on the question vote in favor of the issuance of the bonds. This bond and the series of which it forms a part are general obligations of the City of Fayetteville, Arkansas, payable from the proceeds of a four(4) mill special tax levied by theeCity Council under the authority of Amendment No. 13 to the Constitution of the State of Arkansas, and the City of Fayetteville hereby pledges its full faith, credit and taxing power, including the said four(4) mill special tax, for the payment of this bond and the series of which it forms a part. The City has agreed that all revenues received from the said special continuing tax in excess of the amount necessary to insure the prompt payment of the principal of, interest on and Paying Agent's fees in connection with the bonds as they mature, must be used from time to time on each interest paying date for calling the bonds for paying prior to maturity as soon as funds are available therefor. The bonds of this issue will be callable for payment prior to maturity in inverse numerical order at par and accrued interest as follows: From surplus proceeds of the sale of the bonds not required for com- pleting the projects and from surplus tax collections on any interest paying date; from funds from any source on any interest paying date on and after January 1, 1968. Notice of the call for redemption shall be published once a week for two(2) weeks in a newspaper published in the City of Little Rock, Arkansas, and having a general circulation throughout the State of Arkansas, giving the number and maturity of each bond being called, the first publication to be at least fifteen (15) days prior to the redemption date, and after the date fixed for redemption each bond so call shall cease to bear interest, provided funds for its payment are on deposit with the Paying Agent at that time. IT IS HEREBY CERTIFIED, RECITED AND DECLARED that all acts, conditions aril things required to exist, happen and be performed, under the Constitution and laws of the State of Arkansas, particularly Amendment No. 13 -to the Constutution of the State of Arkansas, precedent to and in the issuance of this bond have existed, have happened and have been performed in due time, form, and manner as required by law; that the indebtedness represented by this bond and the issue of which it forms.a party does'not exceed Any;c6nsti- tutional ort:statutdry,limitati6n;-and that-aitaic suffidient to.pay.tfiis bond and the issue of which it fo a part; together with interest thereon, has been duly levied in accordance with said Amendment No. 13 to the Constitution of the State of Arkansas and made payable annually until all of the bonds and interest t have been fully paid and discharged. 1. This bond shall not be valid until it shall have been authenticated by the certificate hereon duly signed by First National Bank, Fayetteville, Arkansas. IN WITNESS WHEREOF, the City of Fayetteville, Arkansas, has executed this bond by the hands of its Mayor and City Clerk and attested it with its corporate seal and has caused the coupons heretoattached to be authenticated by the facsimile signature of its Mayor, all as of the first day of December, 1962. ATTEST City Clerk (SEAL) No. (Form of Coupon) CITY OF FAYETTEVI E, ARKANSAS By V1.LAIIJA Mayor January, On the first day of July, 19 , the City of Fayetteville, Washington County, Arkansas, unless the bond to which this coupon is attached is paid prior thereto, hereby promises to pay to bearer Dollars in lawful money of the United States -of America at the office of the Bank of Arkansas, Little Rock, Ark, being six(6) months' interest then due on its General Obligation Refunding and Improvement Bonds, dated December 1, 1962, and numbered CITY OF FAYETTEVILLE, ARKANSAS By Mayor On each bond shall appear the following: CERTIFICATE This is to certify that this one of the twelve hundred eleven (1211) bonds of the issue mentioned and described within. FIRST NATIO14AL BANK FAYETTEVILLE) ARKANSAS By Fayetteville, Arkansas Authorized Signature 1962 1 eon sk Ordinance 1324 (Contin 1811 Section 6. That in order to pay the bonds as they mature, with interest thereon, there is hereby levied upon all taxable real and personal property within the City of Fayetteville, Arkansas, a tax of four (4) mills on each dollar of assessed valuation to be collected with the taxes collected in the year 1963 and continuing through the year 1992, and as long thereafter as may be necessary to pay the principa of, interest on and paving agent's fees in connection with the bonds authorized by this ordinance, being a sum sufficient to pay the principal of, interest on and paying agent's fees in connection with the bond5, as they mature, with more than five per cent (5%) added for unforeseen contingencies; and the City Clerk is directed to transmit a copy of this ordinance to the County Clerk of Washington County, Arkansas, to the end that said tax may be extended on the tax books of the County and collected annually along with th other taxes until the bonds aid interest thereon are paid in full. The City covenants and agrees that all of the revenues derived from said four (4).mill tax shall be placed in a separate fund which is hereby created and designated 111962 General Obligation Refunding and Improvement Bond Fund" and shall be used solely for the payment of the principal of, interest on and paying agent's fees in connection with the bonds of this issue, as set forth in this ordinance. The amount of said deposit in excess of that insured by the Federal Deposit Insurance Corporation must be continuously secured by bonds or other direct or fully guaranteed obligations of the United States of America. The City covenants that all revenues derive from said special tax in excess of the amount necessary to insure the prompt payment of the principal of, interest on and paying agent's fees in connection with the bonds, as they mature, shall be used from time to time on each paying date for calling the bonds for payment prior to maturity as soon as funds are available therefor. Section 7. That for the prompt payment of the bonds of this issue, with.interest, the City of Fayetteville, Arkansas, hereby pledges its full faith, credit and taxing power, including the tax levied in Section 6. Section 8. That in order to pay the principal of and interest on said bonds as they mature, there are hereby appropriated out of the proceeds of the tax herein levied, and if such proceeds be not suffi ient, then out of the general revenues of the City, the following sums: YEAR BOND NOS, PRINCIPAL INTEREST TOTAL 1963 $22,090.25 $ 221090.25 1964 $18,934.50 18,934.50 37,869.00 1965 18,934.50 18,934,50 37,869.00 1966 1 - 27 $27,000.00 18,934.50 183528.50 642464.00 1967 28 - 54 271000.00 18,529.50 18,124.50 63,654.00 1968 55 - 82 283000.00 18,124.50 172704.50 63,829.00 1969 83 - 112 30,000.00 17,704.50 17,254.50 64,959.00 1970 113 = 143 31,000.00 17,254.50 16,789.50 65,044.00 1971 144 - 175 321000.00 16,789.50 16009.50 65,099.00 1972 176 - 208 33,000.00 16009.50 15,814.50 65,124.GO 1973 209 - 241 333000.00 15,814.50 15019.50 64,134.00 1974 242 -- 275 34,000.00 15,319.50 143809.50 64,129.00 1975 276 - 309 34,000.00 14,809.50 14,257.00 63,066.50 1976 310 - 345 36,000.00 14,257.00 13,672.00 63,929.00 1977 346 - 381 36,000.00 135672.00 13,087.00 62,759.00 1978 382 - 418 37,000.00 133087.00 12,458.00 62,545.00 1979 419 - 457 392000.00 12,458.00 11,795.00 63,253.00 1980 458 - 498 41,000.00 11,795.00 11,097.50 63,872.50 1981 499 - 541 43,000.00 11,077.50 10,325.00 64,402.50 1982 542 - 584 43,000.00 10.;325.00 9';572.50 623897.50 1983 585 - 629 45,000.00 9,572.50 8,785.00 63057.50 1984 630 - 675 46,000.00 8,785.00 7,980.00 62,765.00 1985 676 - 724 49,000.00 7,980.00 7,122.50 64,102.50 1986 725 - 775 51,000.00 7,122.50 6,230.00 645352.50 1987 776 - 827 52,000.00 6,230.00 5020.00 63,550.00 1988 828 - 880 53,000.00 5,320.00 4,392.50 62,712.50 1989 881 - 935 55,000.00 4,392.50 33430.00 62,822.50 1990 936 - 993 582000.00 3,430.00 2,415.00 63,845.00 1991 994 - 1051 58,000.00 2,415.00 15400.00 61,815.00 1992 1052 - 1111 - 60,000.00 1,400.00 500.00 61,900.00 1993 1112 - 1211 100,000.00 500.00 100,500.00 Section 9. That the bonds of this issue shall be callable for payment prior to maturity in accordance wi the terms set out ih the face of the bond form in Section 5 of this Ordinance. Section 10. That the Treasurer of the City of Fayetteville, Arkansas, is hereby ordered and directed to place on deposit with the Bank of Arkansas, Little Rock, Arkansas, the paying agent, at least five(5) days before the maturity date of any bond or interest coupon issued hereunder, an amount from the funds herein appropriated equal to the amount of such bonds or coupons, for the sole purpose of paying the same together with the customary paying agent's fees. Such deposit shall be at the risk of the City and shall not operate as a payment of the bonds or coupons until so applied. This instruction to the Treasurer is irrevocable and may be enforced by mandamus. Section 11. That the Bank of Arkansas in Little Rock, Arkansas, is designated as paying agent. The holders of a majority in value of the outstanding bonds at any time may by an instrument duly execut and recorded in the office of the City Clerk appoint a new paying agent, who shall have all of the power of the paying agent originally named, and the paying agent herein named may resign at any time upon ten (10) days' notice in writing mailed to the City Clerk. In the event of a vacancy in the office of paying agent and the failure of the holders of a majority in value of the outstanding bonds to take the necessa. action to appoint a new paying agent within thirty (30) days after such vacancy occurs, the City shall forthwith designate a new paying agent. Section 12. That if default is made and continues for thirty(30) days in the payment of any inter est coupon, the holder of the bond to which it is attached may declare the same immediately due and payable, and the failure of the holder to exercise this option upon any default shall not be a waiver of his right to exercise the option upon any subsequent default. 182 No! 1324 (C¢ntinued) r to nt a ittee to p with construc- station to Ordinance No. 1324(C Section 13• That when the bonds herein authorized to be issued have been executed by the Mayor and City Clerk and the seal of the City impressed as herein provided, they shall be delivered to First National Bank, Fayetteville, Arkansas, which shall authenticate them and deliver them to the purchasers o the bonds upon payment of the purchase price plus accrued interest from December 1, 1962, to date of delivery. The accrued interest plus such amount of the proceeds of the sale of the bonds as shall be necessary to pay interest on the bonds until the proceeds of the special tax heretofore levied are availap1 shall be deposited in the Bond Fund, heretofore created. The balance of the proceeds of the bonds shall e deposited in a special account to be known as the 11C6nstruction Fund" and the funds in the Construction Fund shall be used for no other purpose than the acquisitions, purchases, construction, and improvement and refunding described above and expenses necessary and incidental thereto and to the issuance of the bonds. Any unexpended balance remaining in the Construction Fund after the completion of said acquisition 3, purchases, construction, improvement and refunding may be used to call the bonds of this issue for paymen prior to maturity but, if not so used, shall be deposited in the Bond Fund. The City expressly reserves tie right to withhold from the first available proceeds of the special tax not required for meeting bond principal and interest payments an amount equal to the proceeds of the bonds used to pay interest before the proceeds of the special tax were available. Section 14. That the terms of this ordinance shall constitute a contract between the City of Fayetteville, Arkansas, and the holder or holders of the bonds and no variation or change in the under- takings herein set forth shall be made while any of these bonds are outstanding and the holder of any bonds may at any time for and on his own behalf or for and on behalf of all bondholders enforce the obligations of the City by a proper suit for that purpose. Section 16. That all ordinances and resolutions and parts thereof in conflict herewith are hereby repealed to the extent of such conflict. Section 17. That this ordinance shall not create any right of any character and no right of any character shall arise under or pursuant to it until the bonds authorized by this ordinance shall be is and delivered. Section 18. That it is hereby ascertained and declared that there is an immediate and urgent need £o a city jail and court building, city fire stations and fire fighting apparatus, and an extension to the existing city.hospital in order to promote and protect the health, safety and welfare of the City and its inhabitants, and that said improvements can be accomplished only by the issuance of bonds. It is, therefo declared that an emergency exists and this ordinance being necessary for the immediate preservation of th public peace, health, safety, and welfare shall be in force and take effect immediately from and after its passage. PASSED: December 4, 1962, ATTEST: APPROVED: GUY E. vBROWN, GEO E V,%DAVIS, CITY CLERK Alderman Short then moved that the Mayor be authorized to appoint a committee of the Council to work with the Mayor and the Architects throughout the construction of all the buildings. The motion was seconded by Alderman Burgin and passed unanimously. The Mayor then appointed Aldermen Short, Burgin, Faucette, and Christie on the Committee. The Mayor reported that on April 30, 1962, at a special meeting of the Council, bids had been received and opened on some surplus City Property and that among the bids i+ras one from the McIlroy Banking Co., FAyetteville, Arkansas, on the No. 1 or Central Fire Station located on Block Avenue of $25,100.00. The Mayor further reported that most of the surplus property had been sold but no further action had been taken on the Central Fire Station.(These bids are recorded on page 135, Volume G, Procedure of City Counc Alderman Buri n moved that the bid of McIlroy Bank for $25,100.00 be accepted and that the Central Fire Stationg'�ck Street be sold to them for that sum. Alderman Burgin further moved that the Mayor and City Clerk be and they are hereby authorized to execute the necessary papers to complete the sale. The motion was seconded by Alderman Wheeler and passed unanimously. The purpose of the meeting having been accomplished, Alderman Short moved to adjourn. The motion was seconded by Alderman Burgin and passed unanimously, whereupon the Mayor declared the meeting adjourned. 1TTEST: �y r GEORGXJ.6"DAVIS� LERK APPROVED: -!''Lid GUY :C O. U Section 15. That the provisions of this ordinance are separable and in the event that any section or part hereof shall be held invalid, such invalidity shall not affect the remainder of this ordinance. Section 16. That all ordinances and resolutions and parts thereof in conflict herewith are hereby repealed to the extent of such conflict. Section 17. That this ordinance shall not create any right of any character and no right of any character shall arise under or pursuant to it until the bonds authorized by this ordinance shall be is and delivered. Section 18. That it is hereby ascertained and declared that there is an immediate and urgent need £o a city jail and court building, city fire stations and fire fighting apparatus, and an extension to the existing city.hospital in order to promote and protect the health, safety and welfare of the City and its inhabitants, and that said improvements can be accomplished only by the issuance of bonds. It is, therefo declared that an emergency exists and this ordinance being necessary for the immediate preservation of th public peace, health, safety, and welfare shall be in force and take effect immediately from and after its passage. PASSED: December 4, 1962, ATTEST: APPROVED: GUY E. vBROWN, GEO E V,%DAVIS, CITY CLERK Alderman Short then moved that the Mayor be authorized to appoint a committee of the Council to work with the Mayor and the Architects throughout the construction of all the buildings. The motion was seconded by Alderman Burgin and passed unanimously. The Mayor then appointed Aldermen Short, Burgin, Faucette, and Christie on the Committee. The Mayor reported that on April 30, 1962, at a special meeting of the Council, bids had been received and opened on some surplus City Property and that among the bids i+ras one from the McIlroy Banking Co., FAyetteville, Arkansas, on the No. 1 or Central Fire Station located on Block Avenue of $25,100.00. The Mayor further reported that most of the surplus property had been sold but no further action had been taken on the Central Fire Station.(These bids are recorded on page 135, Volume G, Procedure of City Counc Alderman Buri n moved that the bid of McIlroy Bank for $25,100.00 be accepted and that the Central Fire Stationg'�ck Street be sold to them for that sum. Alderman Burgin further moved that the Mayor and City Clerk be and they are hereby authorized to execute the necessary papers to complete the sale. The motion was seconded by Alderman Wheeler and passed unanimously. The purpose of the meeting having been accomplished, Alderman Short moved to adjourn. The motion was seconded by Alderman Burgin and passed unanimously, whereupon the Mayor declared the meeting adjourned. 1TTEST: �y r GEORGXJ.6"DAVIS� LERK APPROVED: -!''Lid GUY :C O. U