5118ORDINANCE NO. I �
AN ORDINANCE FIXING THE ANNUAL RATE AND
DATE OF COLLECTION OF ASSESSMENTS OF
BENEFITS IN WRIGHT AVENUE ANNEX TO STREET
IMPROVEMENT DISTRICT NO. 351, AND PRO-
VIDING FOR INTEREST ON SAID ANNUAL INSTALL -
MENTS OF BENEFITS.
WHEREAS, Wright Avenue Annex to Street Improvement
District No. 351 of the City of Little Rock has entered into an
agreement with the holders of its outstanding bonded indebted-
ness whereby it will issue refunding bonds to be exchanged for
the present outstanding bonds of said district, said refunding
bonds to provide for more time in which to pay the outstanding
bonded indebtedness, thus decreasing the annual requirements
to be collected from the property owners in the district; and
WHEREAS, it will be much easier for the property
owners in the district to pay the refunding bonds over a
period of years; and
WEEREAS, the statute permitting refunding bonds
provides for interest at six per cent per annum from the date
of the refunding bonds to be collected on each annual install-
ment of the assessment of benefits;
NOW, THEREFORE, Be It Ordained by the City Council
of the City of Little Rock, Arkansas:
Section 1: That the said several lots, blocks,
parcels and tracts of real property in Wright Avenue Annex to
Street Improvement District No. 351 of the City of Little
Rock, Arkansas, be and the same are hereby assessed according
to the assessment list for said improvement district as the same
how remains in the office of the City Clerk of the City of
Little Rock, Arkansas, and as it may hereafter from time to time
be revised or readjusted by the Board of Assessors, and that six
percent (6 %) of the said assessment of the value of the benefits
on each of said lots, blocks, parcels and tracts of real property
in said district, beginning with October 1, 1934, to be paid
annually on or before the first day of October of each year,
until the whole of said assessments have been paid. The
assessments shall bear interest from the first day of
January, 1934 until paid at the rate of six percent per annum,
but interest shall be collected upon each annual installment
separately and shall not be collected unless and until so
ordered by the Board of Commissioners.
Section 2: That all ordinances or parts of
ordinances in conflict herewith are hereby repealed, and
this ordinance shall be in full force and affect from and
after its passage. 110 4
Passed February ���,6 01934.
APPROVED:
r.
CITY OF LITTLE
Date 193._
ROLL CALL —CITY COUNCIL — OFFICIAL EAR 1932 -1933
WARDS
Names of Alder me
Long Term First
Votes
II
Aye No
FI T WAR
GL
Terral, Floyd
{
I
II
Q.
SECOND WARD
Leiser, H. G.
Tuohey, J. H.
I
II
IR WARD.
Wassell, Sam M.
I
II
Ai+i�i�••C.wr�e
F URTH RD
Winder, Ray
FIFTH WARD
Olive, A.
Turner, Roy C.
XARD
Duttlinger, C. H.
S VENTH WARD
Wherry, Geo. R.
/
Adams, George G.
EIGHTH WARD
Conner, Mrs. C. C.
Fisher, Merlin
{ I
II
I
T WARD ' Scougale, A.
t� �
CITY OFFICERS AND DEPART- yy Offic 1111 REMARKS
MENT HEADS Phone
MAYOR
Horace A. Knowlton y; 4 -8416 „
CITY TREASURER
Oscar D. Hadfield
II 4 -2020 II
MUNICIPAL JUDGE
Harper E. Harb
II 4 -3886 (I
CITY ATTORNEY
Linwood L. Brickhouse
II 4 -1123
CITY CLERK
John L. Krumm
I 9613
CITY COLLECTOR II
James Lawson
4 -1278 I
CHIEF OF POLICE II
II
J. J— mennetc
CHIEF OF FIRE DEPA
Charles S. Hafer
CITY HEALTH OFF
Dr. V. T. Webb
R. C. Rudisill
SUPT. CITY HOS
H. K. Ford
J. E. Nothwang
SUPT. AIRPORT
Joseph A. Young
4 -1234
?fficial term of Mayor, City Treasurer, Municipal Judge and appointive officers, expires in April,
1933; City Attorney and City Clerk in April, 1934.
(Over) 3 -C�9,.