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0686 Tl ORDINANCE NO. 6 8 6 AN ORDINANCE FOR THE PURPOSE OF LEVYING FIVE MILLS, ONE-HALF MILL AND ONE- HALF MILL TOTALING SIX MILLS AGAINST PERSONAL AND REAL PROPERTY WITHIN THE CORPORATE LIMITS OF THE CITY OF JACKSONVILLE, ARKANSAS; FOR THE PURPOSE OF LEVYING A TAX SUFFICIENT TO PAY THE PRINCIPAL AND INTEREST ON GENERAL OBLI- GATION IMPROVEMENT BONDS OF THE CITY OF JACKSONVILLE, ARKANSAS; FOR THE PURPOSE OF SUSPENDING THREE AND ONE-HALF MILLS TAX FOR INDUSTRIAL DEVELOP- MENT BONDS FOR THE YEAR 1983; FOR THE PURPOSE OF EFFECTING CERTIFICATION OF THE COUNTY CLERK OF PULASKI COUNTY OF THE TAX LEVIED; PRESCRIBED OTHER MATTERS PERTAINING THERETO; AND DECLARING AN EMERGENCY. WHEREAS, it is necessary to meet current obligations and expenses of the City of Jacksonville, Arkansas (called IICityll), to levy upon all real and personal property within the City, a tax of five (5) mills to be collected with the taxes collected in the year 1983; and, WHEREAS, Ordinance No. 172, dated May 19, 1966, was passed by the City Council of the City and called for a special election to determine the question of levying a tax of one-half (1/2) mill on all real and personal property within the City for the purpose of establishing and funding a Firemen1s Relief and Pension Fund; and an election was subsequently held at which the qualified electors of the City voted in favor of that tax to be collected with the taxes collected in the year 1983; and, WHEREAS, Ordinance No. 172, dated May 19, 1966, was passed by the City Council of the City, and called for a special election to determine the question of levying a tax of one-half (1/2) mill on all real and personal property within the City for the purpose of establishing and funding a Policemen1s Pension and Relief Fund; and an election was subsequently held at which the qualified electors of the City voted in favor of that tax to be collected with taxes collected in 1983; and, WHEREAS, Ordinance No. 179, dated August 25, 1966, was passed by the City Council of the City authorizing the issuance of Industrial Development Bonds, under Amendment No. 49 of the Constitution of the State of Arkansas, levying a tax sufficient to pay the principal of and interest on these Industrial Develop- ment Bonds; and finding that a Levy of three and one-half (3 1/2) mills would be sufficient to pay these sums; and, whereas, it will not be necessary to levy and tax upon the real and personal property assessed during the year of 1982 and to r~ ORDINANCE NO. 6 8 6 PAGE TWO oe collected during the year 1983 for the payment of these Industrial Develop- ment Bonds; and, WHEREAS, the City of Jacksonville, Arkansas, has issued bonds under Amendment No. 13 to the Constitution qf the State of Arkansas; and, WHEREAS, it is necessary that the City levy a tax sufficient to pay the Bonds as they mature, with interest thereon, in time for the tax to be collected in 1983. NOW THEREFORE, BE IT ORDAINED by the City Council of Jacksonville, Arkansas: SECTION 1: That a tax of six (6) mills on each dollar of assessed valuation of all real and personal property within the City, be and hereby is levied by the City Council of the City to be collected with the taxes collected in the year 1983 for the p~rpose of general revenues, funding Firemen's Relief and Pension Fund, and funding Policemen's Pension and Relief Fund. SECTION 2: That the tax of three and one-half (3 1/2) mills on each dollar assessed valuation of all real and personal property within the City for the purpose of paying the principal of and interest on Industrial Development Bonds under Amendment No. 49 of the Constitution of the State of Arkansas, be and that tax is suspended for the year 1982 and shall not be collected in the year 1983. SECTION 3: That in order to pay the aforementioned Bonds as they mature, with interest thereon, there is hereby levied upon all taxable real and personal property within the City a tax of one (1) nlill on each dollar of assessed~" valuation; to be collected with the taxes collected in the year 1983. SECTION 4: That a certified copy of this Ordinance be delivered by the City Clerk of the City of Jacksonville, Arkansas, to the County Clerk of Pulaski County, Arkansas, whose duty it shall be to collect said seven (7) mills tax against all real and personal property assessments made against properties within the corporate limits of the City of Jacksonville, Arkansas. , (3 ORDINANCE NO. 6 8 6 PAGE THREE SECTION 5: That it is hereby ascertained and declared to be essential to the operation of the City, and to the health, safety and welfare of its inhabitants, that the rate of taxation set out above in this Ordinance be levied and certified to the County Clerk of Pulaski County immediately, in order that it may be extended on the tax books of Pulaski County for collection in the year 1983. It is, therefore, declared that an emergency exists and this Ordinance shall be in force and take effect immediately upon its passage. PASSED this 4th day of November , 1 982 . CITY OF JACKSONVILLE, ARKANSAS ~~;/ --~, .~ ATTEST: ~~~ ~LERK APPROVED AS TO FORM: CITY ATTORNEY (EMERGENCY CLAUSE APPROVED AND ADOPTED. ORDINANCE EFFECTIVE IMMEDIATELY.)