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HomeMy WebLinkAbout4427rr r ORDINANCE N0. AN ORDINANCE REDUCING THE RATE OF COLLECTION IN STREET IMPROVEI,IENT DISTRICT NO. 492 OF TIM CITY OF LITTLE ROCK, ARI- iNSAS. WSEREAS, the annual rate of collection_ in Improvement District No. 492 is now eight per cent (8 %), which will produce more money than is needed for the bonds and in- terest maturities; TEEREFORE, IT IS NOW ORDaINED by the City Council of the City of Little Rock: Section 1. That the said several lots, blocks or other subdivisions of land within said Street Improvement District No. 492 be and they are hereby assessed according to the assessment list for said improvement district as the same now remains in the office of the City Clerk of the City cif Little Rock, and the same may be annually readjusted by the Board of Assessors, and that seven per cent (7 %) of said assessments of the value of the benefits on each of said lots, blocks or other subdivisions of land in said district shall be paid annually on or before the 1st day of October of each year, beginning October 1, 1929, until the whole of said assessments has been paid. Section 2. That all ordinances or parts of ordinances in conflict herewith are hereby repealed and this -ordinance shall he in full force and effect from and after its passage. Passed: May 13-_ , , 1929. Approved: Attest: Mayo 5r.' Gity,qle k.