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ORDINANCE NO. S5 -1 - 1 <br /> AN ORDINANCE ESTABLISHING THE CITY OF BATESVILLE, <br /> ARKANSAS STREET, RECREATION FACILITY, WATER AND <br /> SEWER MUNICIPAL IMPROVEMENT DISTRICT NO. 2 AND <br /> DECLARING AN EMERGENCY. <br /> WHEREAS, the parties claiming to be the owners of more than <br /> majority in value, as shown by the last county assessment , of <br /> the real property within the limits of the proposed municipal <br /> improvement district hereinafter described have filed a petition <br /> (the "Petition" ) praying that a municipal improvement district <br /> be established for the purposes hereinafter described; and <br /> WHEREAS, after due notice as required by law, the City <br /> Council of the City of Batesville, Arkansas , has heard all <br /> parties desiring to be heard and has ascertained that said <br /> Petition is signed by the owners of more than a majority in <br /> value, as shown by the last county assessment , of the real <br /> property within the limits of the proposed municipal improvement <br /> district; <br /> NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE <br /> CITY OF BATESVILLE, ARKANSAS : <br /> SECTION 1 : There is hereby established a municipal <br /> improvement district (the "District" ) embracing the real <br /> property described below: <br /> A tract of land being a part of Section 14 , Section 15 , <br /> Section 23 and Section 26 in Township 13 North, Range 6 <br /> West of the 5th Principal Meridian, Independence County, <br /> Arkansas , more particularly described as follows : <br /> Beginning at the corner to Sections 14 , 15 , 22 and 23 of <br /> said Township 13 North, Range 6 West; thence run South <br /> along the West line of said Section 23 to a point that <br /> is 775 feet North of the Southwest Corner of said <br /> Section 23; thence run S 82020 ' E, a distance of 1 , 005 . 6 <br /> feet; thence run S 62050 ' E, a distance of 960 . 2 feet; <br /> thence run S 49017 ' E, a distance of 344 . 7 feet ; thence <br /> run S 40016 ' E, a distance of 434 . 9 feet; thence run S <br /> 14038 ' E, a distance of 300 . 6 feet; thence run S 29029 ' <br /> E, a distance of 321 . 7 feet ; thence run S 02°36 ' E , a <br /> distance of 119 . 2 feet; thence run N 72002 ' E , a <br /> distance of 150 . 2 feet; thence run S 49012 ' E, a <br /> distance of 593 . 2 feet; thence run S 48042 ' E, a <br /> distance of 314 . 3 feet to the left bank of the white <br /> River ; thence run Easterly along said left bank to the <br /> East line of the SW 1/4 of the NE 1/4 of said Section <br /> • <br />