1419 RESOLUTION # 1419.
WHEREAS, City of Little Rock owns property located in
various improvement districts in the city; and
uHEREA.S, City has been unable to pay the taxes on said
property, and much of the taxes are delinquent ; and
TIIREA:.3, it is unfair to the other tax payers in the
districts for the City not to bear its proportionate part of
the taxes ; and
HERE:A , City collects from the improvement districts a
two percent (2%) fee, and said money Gould be used to pay the
taxes of the city.
NO'' , THEREFORE, BE IT RESOLVIED, that the City Collector
is hereby authorized and directed to deposit all money accruing
to the city from the collections from improvement districts
in a special fund, and said fund shall be held by the collector
and paid to the improvement districts at such times and in such
amounts as the Finance Committee may from time to time direct .
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