ORD NO 01-1961 OPAINA JCL NO. 1 -1961
CITY OF VAN OUr;EN, ARKANSAS
AN ORDINANCE SETTING UP A FUi'71 FJR THT PAYMENT t :TAIN OPEN
ACCOUNT OBLIGATIONS OF THE CITY OF VAN DUREN PARK AND RECREATION
COMMISSION, AND THE SOURCE OF THESE FUNDS, AND PROVIDING FOR PRD
RATA PAYMENT ON THESE ACCOUNTS.
NOW THEREFORE NE IT RESOLVED BY THE CITI' COUNCIL OF THE
CITY OF VAN DUREN, ARKANSAS.
SECTION 1. For the purpose of paying certain obligations of
the Van Buren Park and Recreation Commission, the same being the
open accounts as set forth in the 1960 City Audit, the sum of
Three Hundred Dollars (5300.00) per month is to be transferred
from the general fund of the Ci_y of Van Buren to a special park
obligation account.
SECTION 2. That all proceeds from the sale of lots as
provided by Ordinance dated the 2nd day of November, 1959 and a
resolution dated the lth day of December, 1959 over and above the
cost of constructing of sewer and other costs in making said lots
marketable, will be paid into this special park obligation
account.
SECTION 3. That each month hereafter until paid each
account as set forth in the 1960 City Audit, will receive a
Pro Rata payment out of the special park obligation account.
SECTION 4. That due to the immediate need to take some
step to take care of the obligations of the Van Buren,Park and
Recreation Commission, an emergency is therefore declared and this
ordinance being necessary for the preservation of the public
peace, health and safety shall be in full force and effect from
and after its passage and approval.
Passed and approved this 6th day of February, 1961.
Allen R: Toothaker (5).
Mayor
Attested:
Y.
,.y City Clerk