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6258ORDINANCE NO. 6259 AN ORDINANCE ASSESSING TIE BENEFITS TO BE RECEIVED BY THE OTC, MS OF EACH OF THE SEVERAL LOTS, BLOCKS AND PARCELS OF LAND WITHIN STREET ILTROVELMTT DISTRICT NO. 561 OF THE CITY OF LITTLE ROCK, ARKANSAS. 'F WHEREAS, the majority of two - thirds in value of the property owners owning property adjoining the locality to be affected and situated in Street Improvement District No. 561 of the City of Little Rock, Arkansas, organized for the purpose of grading, draining, curbing, guttering and paving Pierce Street as therein set out have petitioned the City Council of the City of Little Rock, Arkansas, for the construction of said improvement, and the cost thereof shall be assessed upon the real property of said District according to the benefits received; and vMREAS, said benefits received by each and every lot, block and parcel of real property situated in said District equals or exceeds the local assessment thereon; and 96,500.00. WHEREAS, the estimated cost of said improvement is NOW, THEREFORE, BE IT ORDAIIMD by the City Council of the City of Little Rock, Arkansas: Section 1. That the said several lots, blocks and parcels of real property in said Street Improvement District No. 561 of the City of Little Rock, Arkansas, be assessed according to the assessment list for said improvement district as the same now remains in the office of the City Clerk, and that ten per centum (100) of the assessment of benefits of each of said lots, blocks and parcels of real estate shall be paid annually on or before the lst day of October, of each year, beginning with October 1, 1941, until the whole of the said local assessment of benefits shall be paid. C J Section 2. All ordinances and parts of ordinances in conflict herewith are hereby repealed, and this ordinance shall be in full force and effect from and after its passage.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;���i , 1941.