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892,,~ e~*' t{~1~ 4 ORDINANCE NO. ~ ~ ~° AN ORDINANCE DISCHARGING THE COMMISSIONERS AND ' _ DISSOLVING CURB AND GUTTER IMPROVEMENT DISTRICT NO. 1 `' OF WEST MEMPHIS, ARKAP6 AS . WHEREAS, Gilbert D. Jay, III, Hugh Chalmers and Edwin F. Bledsoe, the duly appointed, qualified and acting Commissioners of Curb and Gutter Improvement District No. 1 of West Memphis, Arkansas, a municipal improvement district organized in accordance with the statutes of the state of Arkansas and under ordinances duly passed by this Council, have reported to the Mayor of the city of West Memphis and to the members of the City Council of the city of West Memphis, Arkansas: 1. All improvements contemplated and authorized have long since been constructed by said District; 2. All bonds issued by the District and interest thereon have been paid in full, and there are no outstanding debts owed by the District; 3. No taxes are being collected by the District; 4. No title to lands purchased at foreclosure sale for delinquent taxes is held by the District; 5. There are some delinquencies, but same represent a small amount of money and are reflected upon the record books in the office of the Collector of Crittenden County, Arkansas; F11rr'" 6. The Chancery Court of Crittenden County, Arkansas, has entered an order providing that redemptions as to delinquent taxes shall be paid directly to the city of West Memphis, Arkansas; 7. Reports reflecting receipts and disbursements as to all monies paid to and expended by said District have been filed with the city of West Memphis, Arkansas, and final settlement has been made, and there are no monies at this time held by said District. BE IT ORDAINED by the City Council of the city of West Memphis, Arkansas: SECTION 1. That Gilbert D. Jay, III, Hugh Chalmers and Edwin F. Bledsoe, each be discharged as Commissioner of Curb and Gutter Improvement District No. 1 of West Memphis, Arkansas, and that each of said persons be relieved of any and all liability by reason of serving as such Com- missioner; SECTION 2. Curb and Gutter Improvement District No. 1 of West Memphis, Arkansas, is hereby dissolved. SECTION 3. This ordinance shall take effe ct and be in force from ahnd after irt~s passage. PASSED : `/ ,l /+T ~ ~ ~ ~' , 1977 . ~~ APP ROVED • , Joy T. Ferguson, Ma r ATTEST : _~ .•_.r-~..- Y Charles F. DeGraff, City of West Memphis, Arkansas - 2 -