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ORDINANCE NO. 6866
AN ORDINANCE AMENDING ORDINANCE NO. 5307
REREAS, the Board of Commissioners.of Sewer Improve-
ment District No. -111_ of Little Rock, Arkansas, has authorised
the issuance of $20,000 refunding bonds to refund its outstanding
And obtedness; and
WHEREAS, said Board of Commissioners by resolution qtly
adopted and filed with the City Clerk, as authorized by Act. No.
112 of the General Assembly of Arkansas of the year 1933, as
amended by Act No. 241 of 1937, has provided that the entire
talance of unpaid assessments of benefits against each lot,
block, parcel of land and railroad track and right of way in
said district due on November 11 1945, shall be the assessment
of benefits for said issue of refunding bonds and that said
unpaid assessments shall bear interest at the rate of th
per centum per annum from November 1, 191459 the date of said
refunding bonds, until said assessments have been paid is full.:` �
NOW THEREFORE, BE IT ORDAINED by the City Council
of the City of Little Rock, Arkansas:
Sec. 1. That Section One of Ordinance No. 5307 of
the City of Little Rock, passed and approved on the 10th day
of September, 19360 entitled "AN ORDINANCE FIXING THE ANNUAL
RATE AND DATE OF COLLECTION OF ASSESSMENTS OF BENEFITS IN
SEM IMPROVEMENT DISTRICT NO. 114 AND PROVIDING FOR INTERESS
@it SAID ANNUAL INSTALLMENT OF BENEFITS ", be and is hereby
.. §Ykd to road as follows
"Section 1. That the said several lots, blocks, and
parcels of real property, railroads and railroad rights of way
in Newer Improvement District Mo. 114 of Little Rock, Arkansas
be and the same are hereby assessed according to the assessment
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list of said District as fixed by the Commissioners of the
District and now on file in the office of the City Clerk of
said City, and as it may hereafter from time to time be re-
vised,,, or readjusted by the Board .of ssors, and that
thirteen and two - tenths per cent (13.2%) of the face of
said assessment against each of said lots, blocks, parcels
of land and railroad tracks and rights -of -way shall be paid
annually on or before the first day of March,beginning in
the year 1946, until the whole of said assessment shall have
been paid, said collections to be credited first upon the
�. intekest accruing upon the said assessment of benefits."
Section 2. That all ordinances or parts of or-
dinances in conflict herewith are hereby repealed, and this
ordinance shall be in Rill force and effect from and after
its passage.
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PASSED: December 10, 1945
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APPROVED:GLr�r/�
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