2027ORDINANCF, NO. 2027.
AN ORDINANCE ASSESSING THE BENEFITS TO BE RECFSVED BY EACH OF THE SEVERAL BLOCKS
LOTS AND PARCELS OF REAL ESTATE WITHIN THE BOUNDARIES OF IMPROVEMENT DISTRICT NO. 226,
OF THE CITY OF LITTLE ROCK] AND SETTING FORM THE TIME AND MANNER OF PAYMENT OF SAID
ASSESSMENT AND CREATING A LIEN ON ALL OF SAID PROPERTY TO SECURE THE PAYMENT THEREOF,
AND FOR OTHER PURPOSES.
WHEREAS, a majority in value of the property holders owning property adjoining
the locality to be affected and situated in Street Improvement-District No. 226, organ -
Szed for the purpose of grading, draining, curbing, guttering, laying sidewalks and
macadamizing and otherwise improving all that portion of D_n ison Street lying between
the south property line of West Seventh Street and the north property line of West
Fourteenth Street, In accordance with an act of the general assembly of the State of
Arkansas, entitled " An set to regulate the manner of assessing real property for loc-
al improvements in cities of first class ", approved March 22, 1881,- and amsndmenta
thereto, have petitioned the city council of the City of Little Rock for the construct-
ion of said improvement, and thatthe cost thereof shall be assessed upon the real
property of said district according to the benefits received: and
WHEREAS, said benefits received by each an, every block, lot and parcel of real
Property situated in said district equils or exceeds the local assessment thereon;
and
WHEREAS, the estimated cost of said improvement is 914,000.00, of which the cost
to the property _owners will be 99,591.50, and the balance will be paid by contributions
from thyp County of Pulaski and the City of Little Rock, NOW, THEREFORE: -
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK:
SECTION 1, That said several blocks, lots and parcels of real property in
said district be assessed, and the same are hereby assessed according to the assess-
ment list for said impeovement district �a the same now remains in the office of the
city clerk of the city of Little Rock, and that sixteen per cent of the benefit's assesed
on each of said blocks, lots and parcels of real property shall be paid annually on or
before the 31st day of January until the whole of said local assessment shall be paid.
SECTION 2. And that said local assessment shall be a charge and a lien
a;.ainst all real property in said district from the date of this ordinance, and shall
be entitled to preference over all judgments, executions, Encumbrances and liens when-
soever created, and shall continue until such local assessment, with any penalty and
costs that may accrue thereon, shall be paid; provided., as between grantor and grantee
all payments not due at the date of the transfer of any such real ; ;roperty shall be
payable by the grantee.
SECTION 3. That all ordinances and parts of ordinances in conflict herewith
are hereby repealed, and this ordinance shall take effect aryl be in force from and after
its passage.
PASSED: December 15th, 1913. Z ATTEST: ' 4�-*
ark. - M s y o r.