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0ItDINANCE NO. 4494.
An Ordinance Assessing the Value of Benefits to be received
by the Owners of Each of the Several Blocks, Lots
and Parcels of Land Within Sewer Improvement District
No. 114 of the City of Little Rock, Arkansas.
WHEREAS, a majority in value of the property holders
owning property adjoining the locality to be affected and
situated in-Sower Improvement District loo. 114 in the City of
''Uttle hock, Arkansas, organized for the purpose of making
local improvements therein by constructing a system of sani-
tary sewers of such materials and in such maser and in such
locations as the commissioners of'the district deem to be for
the best interest of the district, have petitioned the City
Council of the City of Little Rock, Arkansas, for the construc-
tion of said improvements and that the cost thereof shall be
assessed upon the real property in said district according to
the benefits received, and;
WHEREAS, said benefits received by each and every
block lot and parcel of real property, railroad and railroad
rights -of -way, (there being no railroad or railroad rights -
of -way in said district), situated in said district, equals
or exceeds the local assessment thereon; and,
WHEREAS, the estimated cost of said improvement is
thirty -three thousand eight hundred and thirty three dollars
and twenty -five cents ($33,833.25), exclusive of interest,
and the assessed benefits amount'to sixty -six thousand five
hundred eighty -five dollars ($66,585.00);
Therefore, It Is Now Ordained by the City ;
Council of the City of Little Rock:
Section 1. That the said several blocks, lots and
parcels of real property, railroads, and railroad rights -of-
way in said Sewer Improvement District Ito. 114 of Little
Rock, Arkansas, be, and they are hereby assessed according
to the assessment list as the same now appears in the office
of the city clerk of the City of Little Rock; and as the
same may be annually readjusted by the board of assessors,
and that 5 per centum of said assessment of the value of
benefits to each of said blocks, lots and parcels of land,
railroads and railroad rights -of -way, shall be paid on or
before the first day of January of each year until the whole
of said local assessments shall have been paid, the first
payment to be made on or before Januaryl, 1930, and said local
assessment shall be a charge and a lien against all real
property is said district from the date of this ordinance and
shall -be entitled to preference over all judgments, ezeeu-
tions, ownWbrances, or liens whensoever sreated, until such
loeal-assessment, with any- penalty and cost that may accrue
thereon, shall be paid; provided, as between grantor and
grantee, all payments not due at the date of the transfer of
such real property shall be payable by grantee.
Section 2. That all ordinances or parts of ordinances
in conflict herewith be, and the same are hereby repealed,
and this ordinance shall be in full force and effect from
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and after its passage.
Passed: Ootober 14, 1929•
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Attest:
City Clark