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0795 \ 'J '-\ 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 That all ordinances and resolutions in conflict herewith are hereby repealed to the extent of such conflict.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.