4085ORDIrti-CE N0. 4085.
AN ORDINANCE ASSEISSING TFT VALUE OF THE BEIdrFITS
TO 3E RECFIVED BY THE OWNERS OF EACH OF THE SEVERA1
TOTS, BLACKS OR OTHER SUBDIVISIOITS OF REAL PROPERTY
WITHIN STREET II:PROVMIENT DISTRICT NO. 440 OF THE
CITY OF LITTLE ROCK, e.RXkNSAS
UpIEREAS, a majority in va.iue of the owners of real property
owning real property adjoining the locality to be affected and
situated within Street Improvement District No. 440 of the Cite of
little Pock, Arkansas, orgenized for the Durpose of making local
improvements therein by grading, draining, curbing, Fluttering aryl
paving,
in such manner
and with
such materials
as the commissioners
of said
district shall
determine
to be for the
best interests of the
district the street set out in their petition, have petitioned the
City Council of the City of Little Rock for the construction of
said improvements, and that the cost thereof shall be assessed upon
the real property within said district according to the benefits
received; and
ViHEREAS, said benefits received by each and every lot, block
or other subdivision of real broperty situated within said district
equals or exceeds the local assessment thereon; and
1HEREAS, the estimated cost of said improvement is
THEREFORE, IT IS ITOW ORDAINED BY THE CITY COUNCIL OF TFE CI TY OF
LITTLE ROCK, ARKANSAS:
Section 1. That the said several lots, blocks or other
subdivisions of real property within said Street Improvement District
No. 440 be, and they are, hereby assessed according, to the assessment
lift for said improvement district,as the same now remains in the
office of the City Clerk of the City of little Rock, and as the same
may be annually readjusted by the bo,_rd of assessors, and that
ten per centum (100) of said assessment of the value of the benefits
of each of said lots, blocks or other subdivisions of real property
H
• 1
in said district shall be paid annually on or before the
1st day of November of each yeL.r beginning November 1st, 1926,
ur.til the whole of said assessment shall have been paid.
Section 2. That all ordinances or parts of ordinances
in conflict herewith are hereby repealed, and this ordinance
shall be in full force and effect from and after its passage.
Passed: Sept. 27, 1926.
Attest: