820
ORDINANCE N0.
AN ORDINANCE TERMINATING THE LEVYING
OF A TAX AGAINST THE ASSESSMENT OF
BENEFITS AS TO LOTS AND PARCELS IN
STREET IMPROVEMENT DISTRICT N0. 2
OF WEST MEMPHIS, ARKANSAS, DECLARING
AN EMERGENCY, AND FOR OTHER PURPOSES
WHEREAS, on June 18, 1956, Ordinance No. 327 was
adopted by the City Council of the City of West Memphis,
Arkansas, confirming the assessment of benefits as to the
several lots and parcels of real property in Street
Improvement District No. 2 of West Memphis, Arkansas,
and levying a tax of 2-1/2/ against the assessment of
benefits as to each of said lots and parcels to be
collected by the County Collector with the first install-
ment of general taxes becoming due in 1957, and annually
thereafter with the first installment of general taxes
until the whole of said local assessment shall be paid;
and
WHEREAS, the tax aforesaid was levied for the purpose
of paying the estimated cost of the construction of a certain
improvement within the confines of the District estimated to
be in the amount of $x+48,113; and
WHEREAS, bonds were issued and the proceeds of same
were used for the purpose of the construction of said
improvement lying within the confines of the District, and
the District now has on hand sufficient monies to pay the
bonds outstanding as well as the interest thereon;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF WEST MEMPHIS, ARKANSAS:
SECTION 1. That the tax of 2-1/2/ levied against the
assessment of benefits as to each of the lots and parcels
in said District for the construction of the improvement
1.
lying within the confines of the District is hereby
terminated and no further tax will be collected by the
-- Collector of Crittenden County, Arkansas, after the
collection of the taxes collected with the general taxes
due and payable in 197.
SECTION 2. All ordinances or parts of ordinances in
conflict herewith are hereby repealed to the extent of
such conflict.
SECTION 3. Emergency Clause. It being found and
determined by the City Council of the City of West Memphis,
Arkansas, that there is immediate need to relieve and
alleviate the financial burden of the taxpayers of Street
Improvement District No. 2, in West Memphis, Arkansas, it
is, therefore, declared that an emergency exists and this
ordinance being necessary for the immediate preservation of
the public health, safety and welfare, shall be in full
force and effect immediately upon and after its passage
and approval. 1
PASSED AND APPROVED this _~ day of ~U Y~ m ~ ~,
197~I- .
i
MAYOR
ATTEST:
__""` CITY C ERK
CERTIFICATE
I, the undersigned, City Clerk of the City of West
`r
Memphis, Arkansas, duly qualified and acting, do hereby
certify that attached to this certificate is a copy of
Ordinance No. 820 , terminating the levying of a
tax against the assessment of benefits as to lots and
2.
r
parcels in Street Improvement District No. 2 of West
Memphis, Arkansas, and that said copy is a true, correct
E and complete copy of said Ordinance No. 820 , now
~ on file in my office.
Certified under my hand and seal of the City of West
Memphis, Arkansas, this 7th day of November
197+.
------,
~~ CITY CLERK
WEST MEMPHIS, ARK SAS
(SEAL)
3.