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Minutes for the City Council meeting on December 3, 1956
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The City Council of the City of Jonesboro, Ark. met in regular session on the above named date at 7:30 p.m. in City Hall. There were present: Mayor, City Attorney, City Clerk and the following named Councilmen: Keister, Fritz, Field, Copeland, Stricklin, Powell, Snow, Hamilton and Hart. Absent: Johnson.
Captola Bennett presented the report of the Colored Community Center to the Council. The November report was accepted.
Mr. Ray Worthington, Chamber of Commerce president, filed with the Council a petition containing over 60 names of business men of Jonesboro urging the City Council to approve issue of bonds for rental of parking lot as described in Ordinance #929. Mr. Stricklin offered the following ordinance and placed it on the first reading:
AN ORDINANCE APPROVING PROCEEDINGS UNDER ACT NO. 468 OF ARKANSAS LEGISLATURE FOR THE YEAR 1949; APPROVING FORM OF BONDS, COUPONS, DEED OF TRUST, PLEDGE AND ASSIGNMENT OF PARKING METER REVENUES, AND DIRECTING EXECUTION AND DELIVERY OF SAME FOR THE PURPOSE OF PROCURING FUNDS FOR THE RENTAL OF PARKING AREA; DECLARING AN EMERGENCY AND FOR OTHER PURPOSES
Mr. Charles Frierson read the ordinance in its entirety. In the discussion, Mr. Keister made the following statement and asked that the statement be a permanent part of the minutes:
In the consideration of the matter before this Council it seems to me that the most important aspect of the transaction has been completely ignored, namely its legality.
Act 12, Section 5 of the Constitution of Arkansas provides as follows:
No city, county, town or other municipal corporation shall become a stock holder in any company, association, or corporation; or obtain or appropriate money for, or loan its credit to any corporation, institution or individual.
It is true that this ordinance is described as an ordinance for the leasing of off-street parking facilities. However, if its legality is ever challenged, surely t...
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