4379c
ORDINANCE M. 437$.
AN ORDINANCE ASSESSING THE VALUE OF
BENEFITS TO:BE RECEIVED BY THE OWNERS
OF EACH OF THE SRAL BLOCKS, LOTS,
AND PARCLL3 OF LAM WITHIN SEWER rM-
PROVMXENT DISTRICT_ NUMBER 113 OF THE
CITY OF LITTLE ROCK, ARKANSAS.
t
Whereas, a majority in value of the property k_
oiAing the locality to be affected€
holders owning property ad j
r
tuated in Bearer`; Imp t nt District F;a*ber °1 t
City of Little Rock, Arkansan, organized for the purpose of
making local improvements therein by constructing a system of
sanitary sewers of such materials and in sue h manner and in
such locations as the commissioners of the district deem to
t
be for the best interest of the district, have petitioned the
City Council of the City of Little Rock, Arkansas, for the
construction of said improvements and that the cost thereof
shall be assessed upon the real property in said district
according to the benefits received; and,
Whereas, said benefits received by each and
o and
% - every block, lot, and paroel of real property, railr ad
railroad rights -of -way, (there being no railroad or railroad
rights -of -way in said district), situated in said district,
equals or exceeds the local assessment thereon; and,
Whereas, the estimated cost of said improvement
is Forty Two Thousand One Hundred Seventy -one Dollars and
Eighty Cents ($42,171.80)9 exclusive of interest, and the
Y assessed benefits amount to Seventy Nine Thousand Six Hundred
Ninety -eight Dollars ($790696.40);
THEREFORE, IT IS NOW ORDAINED BY THE C ITY CO13NC IL
OF THE CITY OF LITTLE ROCK:
Section 1: That the said several blocks, lots
and parcels of teal. property, railroads, and railroad rights
of -way in said Bower Improvement District Number 113 of
Little Rock, Arkansas, be, and they are hereby assessed according
to the assessment list as the same now appears in the office of
the City Clerk of the City of Little Rock; and as the same may
be annually readjusted by the Board of Assessors, and that
five per centum of said assessment of the value of benef its to
�f
h
• .11
Drd. No.4378.
each of said blocks, lots, and parcels of land, railroads and
railroad rights -of -way, shall be paid on or before the first
day of January of each year until the whole of said loual-
assessments shall have been paid, the first payment to be -made
on or before January 1, 1929,,.:-and said local assessment shall
le sand a l.i�gnin X31 real, : p4
trict from the date of this. or-dinanee and shall be entitled
to preference over all judgments, eXeeutions,,encumbrances
.: or liens whensoever created, until such local assessment, with
any penalty and cost that may ,accrue thereon, shall be paid;
provided, as between grantor and grantee,,. all ,payments not
due at the date Of the tranafeT ^4 a�irtH ,•dal i,c
payable by the grantee.
Section 2: That
ordinances in confl ict herewt .
repealed, and this ordinanoe.e
n . 4a, � ' After, its pass
Passed: /
dqa� a2.
Attest:
er