0724
~
ORDINANCE NO. 7 2 4
AN ORDINANCE FOR THE PUSPOSE 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 DEVELOPMENT BONDS FOR THE YEAR 1984; 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 "City"),
to levy upon all real and personal property within the City, a
tax of five (5) mil1s to be collected with the taxes collected
in the year 1984; 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 Firemen's 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 1984; 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) mil1 on all real and personal property within the City for
the purpose of establishing and funding a policemen's 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 1984; 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
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ORDINANCE NO.
724
PAGE TWO
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 1983 and to be collected during the
year 1984 for the payment of these Industrial Development Bonds;
and,
WHEREAS, the City of Jacksonville, Arkansas, has issued
bonds under Amendment No. 13 to the Constitution of the State of
Arkansas; and,
WHEREAS, it is necessary that the City levy a tax suf-
ficient to pay the Bonds as they mature, with interest thereon,
in time for the tax to be collected in 1984.
NOW, THEREFORE, BE IT ORDAINED by the City Council of
Jacksonville, Arkansas:
SECTION 1: That a tax of six (6) mills on each dol1ar
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 1984 for the
purpose 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 1983 and shall not be collected in
the year 1984.
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ORDINANCE NO. 7 2 4
PAGE THREE
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) mill on each dollar of assessed valuation; to be
collected with the taxes collected in the year 1984.
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.
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 1984. It is, therefore, declared that an emergency
exists and this Ordinance shall be in force and take effect
immediately upon its passage.
PASSED this
3nd
day of
NOVEMBER
1983.
ORDINANCE APPROVED AND ADOPTED WITH EMERGENCY CLAUSE: EFFECTIVE IMMEDIATELY.
CITY OF JACKSONVILLE, ARKANSAS
_4.~~
G. RE~ ~
ATTEST:
/i ( t/J
rXL4 4, L7{&~~
'CI'l'y CLERK-TREAStJRER
APPROVED AS TO FORM:
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