0652
/3;l.
ORDINANCE NO. ,6 5.~
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 SEVERAL 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 1982; 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) mills to be collected with the taxes collected in the
year 1982; 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 elec-
tors of the City voted in favor of that tax to be collected with
the taxes collected in the year 1982; 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 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 the taxes collected in 1982; and,
WHEREAS, Ordinance No. 179, dated August 25, 1966, was passed
by the City Council of the City authorizing the issuance of Indus-
trial Development Bonds, under Amendment No. 49 of the Constitution
of the State of Arkansas, levying a tax sufficient to pay the prin-
cipal of and interest on these Industrial Development Bonds; and
finding that a Levy of three and one-half (3~) mills would be
/33
ORDINANCE NO.
652
Page Two
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 1981 and to be collected during the
year 1982 for the payment of these Industrial Development Bonds;
and,
WHEREAS, the City of Jacksonville, Arkansas, proposes to
issue bonds under Amendment No. 13 to the Constitution of the
State of Arkansas; and,
WHEREAS, it is necessary that the City levy a tax suffi-
cient to pay the Bonds as they mature, with interest thereon, In
time for the tax to be collected in 1982.
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 1982 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~) mills
on each dollar assessed valuation of all real and personal prop-
erty 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 1981 and shall not be collected in the
year 1982.
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 three and one-half (3~) mills on each dollar of assessed
valuation, to be collected with the taxes collected ln the year
1982.
SECTION 4: That a certified copy of this Ordinance be
(34
ORDINANCE NO. 6 5 l
Page Three
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 nine and one-half (9~) 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 1982. It is, therefore, declared that an emergency
exists and this Ordinance shall be in force and take effect im-
mediately upon its passage.
PASSED this 5th day of
I\bvember
, 1981.
CITY OF JACKSONVILLE, ARKANSAS
~L7
, , I
ATTEST:
{(~iLtt~
APPROVED AS TO FORM:
.,._-~ ~
\. ') ~--. ...--~,.....,
\.. .--'- . )
L c ,-9 ~ ./-------<----
CI TY A1"rORNEY
~.......
(~GENCY ClAUSE AFFIXED. ORDlNANc~ t;t'.t'ECTIVE IjYJrv~UIA:l'.tLY)
Deborah D. Waltuon, City Clprk