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421ORDINANCE NO. ~ ~+' AN ORDINANCE ASSESSING THE BENEFITS IN STREET IMPROVEMENT DISTRICT NO. 5 OF WEST MEMPHIS, ARKANSAS. WHEREAS, the owners of more than two thirds in value of the real property (as shown by the last County assessment) adjoining the locality to be affected and situated in Street Improvement District No. 5 of West Memphis, Arkansast organized for the purpose of paving the streets set out in the petition, have petitioned the Council of the City of West Memphis for the construction of said improvement, and that the cost thereof be assessed upon the real property in sid District according to the benefits received; and WHEREAS, said benefits received by each and every block, lot and parcel of real property situated in said District equal or exceed the local assessment thereon; and WHEREAS, the estimated cost to the District of said improvement is $470,700; nowt therefore, BE IT ORDAINED by the City Council of the City of West Memphis, Arkansas: SECTION 1. That said several blocks, lots and parcels of real property in said District be assessed according to ~. the assessment list for said improvement district as the same now remains in the office of the City Recorder, or as / said assessment list may later be amended, and that five per centum (5%) of the assessment of each of said lots, blocks and parcels shall be collected by the County Col-- lector with the first irk allment of general taxes becoming due in 1963 and annually thereafter with the first install- ment of general taffies until the whole of said local assess- meat shall be paid. SECTION 2. This .ordinance shall take effect and be in force from and after its passage. J Passed: ~~, /~S , 1962. APPROVED: Attest: Mayor City Clerk CERTIFICATE I, the undersigned, City Clerk of West Memphis, Arkansas, certify the foregoing to be a true copy of an ordinance passed at a duly called and conceited meeting of the Council of said City, at which more than two thirds of the members-elect of the Council were present and voted in favor of the adoption of said ordinance, which is now of record in Ordinance Record Book 6 page 25 of the records of said City. CERTIFIED under my hand and the seal of said City this 20th day of June , 1962. City Clerk (Seal)