title
AN ORDINANCE APPROVING DEED OF TRUST AND DIRECTING ITS EXECUTION AND DELIVERY
body
BE IT ORDAINED by the City of Jonesboro, Arkansas:
SECTION 1: To accomplish the purposes as set out in Ordinances 933 and 942 of the City of Jonesboro, the words and figures of the following Deed of Trust, Pledge and Assignment, are approved, and the Mayor and City Clerk directed to execute and deliver said instrument and the bonds and coupons described therein, and to do and perform all the requirements thereof.
DEED OF TRUST, PLEDGE AND ASSIGNMENT
This Pledge, by and between the City of Jonesboro, Arkansas, and the Mercantile Bank, of Jonesboro, Arkansas, TRUSTEE, WITNESSETH:
WHEREAS, the City, in full compliance with ordinances, duly and lawfully adopted, and in full compliance with laws of the State of Arkansas for the improvement of public property, has authorized and directed that revenues for said property be pledged and interests and title therein be assigned, conveyed and pledged to the payment of such bonds; and
WHEREAS, pursuant to such laws and ordinances and in strict compliance with the terms thereof, the City of Jonesboro has, by signature of its Mayor and City Clerk, issued its negotiable serial bonds dated as of November 1, 1957, with interest payable semi-annually on May 1 and November 1 of each year, in denominations of $1,000.00, $500.00, and $100.00, and maturing serially on May 1 and November 1 of each year, as follows:
May 1, 1958 $ 9,100 May 1, 1967 $12,600
Nov. 1, 1958 9,400 Nov. 1, 1967 12,800
May 1, 1959 9,500 May 1, 1968 13,000
Nov. 1, 1959 9,700 Nov. 1, 1968 13,200
May 1, 1960 9,800 May 1, 1969 13,400
Nov. 1, 1960 10,100 Nov. 1, 1969 13,600
May 1, 1961 10,200 May 1, 1970 13,800
Nov. 1, 1961 10,300 Nov. 1, 1970 14,200
May 1, 1962 10,500 May 1, 1971 14,400
Nov. 1, 1962 10,800 Nov. 1, 1971 14,600
May 1, 1963 10,900 May 1, 1972 14,900
Nov. 1, 1963 11,100 Nov. 1, 1972 ...
Click here for full text