0795
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ORDIN.ANCE NO. 7 9 5 (f2B-85)
AN ORDINANCE AUTHORIZING A ONE TIME CAPITAL CONTRIBUTION OF
$200,000.00 FROM THE STREET DEPARTMENT TURNBACK FUNDS OF THE CITY
OF JACKSONVILLE TO THE REVENUE FUND, SERIES 1985 MUNICIPAL STREET
REVENUE BONDS FOR PARTIAL FUNDING OF CONSTRUCTION OF THE RAILROAD
OVERPASS AND FOR OTHER PURPOSES.
BE IT ORDAINED AND ENACTED BY THE CITY COUNCIL OF THE CITY
OF JACKSONVILLE, ARKANSAS:
1. That the Finance Director of the City of Jacksonville
is hereby directed to remove $200,000.00 from the City of
Jacksonville Street Department Turnback Funds and deposit said sum
into the Revenue Fund, Series 1985 Municipal Street Revenue
Bonds.
2. That said $200,000.00 shall be a one time capital
contribution to the Railroad Overpass Project for the City of
Jacksonville.
3. That said funds are necessary to complete the financial
requirements of construction of the Railroad Overpass.
4. That all ordinances and resolutions in conflict
herewith are hereby repealed to the extent of such conflict.
PASSED AND APPROVED THIS 7th
day of NOVEMBER, 1985.
4 L2_r~
JAMES REID; MAYO~
ATTEST:
~~.0
CI~CLERK ~
APPROVED AS TO FORM:
KEI,?Ae~H~rk AfTORNEY -
O~dinanQe p~~ed on FIRST REAVING Oetoben 3, 1985.
Seeond Reading ~Qheduled 60~ Oetoben 17, 1985 Reguian C~y Counei! Meeting.
Ordinance passed UlL ~ ~j)]K; ~ 17, 1985.
'.J.~ ~ I-(JJ ~IR; sJ.eduled for ~LVcll~ 7, 1985.