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HomeMy WebLinkAbout98424, r ORDINANCE NO 9842 E AN ORDINANCE RELATING TO THE INSTALLATION, OPERATION AND MAINTENANCE OF PARKING METERS, AND AUTHORIZING AND DIR ECTIIvG THE BOARD OF PUBLIC AFFAIRS TO ADVERTISE, TAKE BIDS ATE D PURCHASE PARKING 1ETERS FOR USE BY THE i CITY OF LITTLE ROCK, ARKANSAS, AND FOR OTHER PURPOSES. BE IT ORDAINED AND ENACTED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK, ATMINTSAS . SECTION 1. That from and after the passage _ of this ordinance the Board of Public Affairs of the City of Little Rock, Arkansas, is hereby empowered, �uthorized and directed to advertise and accept bids, based upon specifications to be prescribed by said board, enter into a contract or contracts for the purchase.and installation of Parking i,,ieters to be used to regulate the parking of all vehicles upon the streets and thoroughfares of said City. SECTION 2. That such Parking meters,- the 1 operation and collections made therefrom, shall be under the direction and supervision of the City Collector. SECTION 3. That the installation of said Par -king 1/leters, as provided herein, shall be limited to an area ,,iithin the corpaate limits of the City of Little Rock, Arkansas, viihich shall be bounded on the East by and including Rock Street, on the West by, but not including Broadway, on the North by and including lv',Iarkham Street, and on the South by, but not including; Eleventh Street. SECTION 4. That the "NET REVENUES" derived under the provisions of this ordinance and from the operation of said. Parking Ir }eters, shall be for the construction of public streets, alleys and boulevards, PAGE 1. r F or construction of, tinridening, straightening, paving or otherwise improving streets, �11eys and boulevards, all within the corporate limits of the City of Little Rock, Arkansas, or for any one or more of these purposes. SECTION 5. "NET REIETUES" mean that part of the revenue derived by the said City from the operation of said Parking IiJeters, which remains each year after paying all costs of operation, maintenance and enforcement for that year, making adequate provisions for the depreciation and obsolescence, and providing for the payments due that year of any indebtedness of the City arising from the purchase or installation or both of said Parking ureters and payable out of the revenues from such meters. SECTION 6. That should any part of this ordinance be held invalid by a court of competent jurisdiction the remaining parts shall be severable and shall continue to be in full force and effect. SECTION 7. That nothing in this ordinance shall limit, nor is it intended to prevent, the rights of the people under the Initiated. and Referendum Amendment to the Constitution of 1874. *TASSED : June 13, 1955 ATTEST: APPROVED: faAt- 0, 0. City Clerk Mayor APPROVED AT ORNERAL ELECTION HELD NOVEMBER 8, 1955 - (REFERENDUM) PAGE 2.