0557
f?
ORDINANCE NO.
557
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 ~m PAY THE PRINCIPAL AND INTEREST ON SEVERAL OBLI-
GATION IMPROVMENT 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 1980; 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 Jacksonvill~, 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 1980; 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 deteJ.1l1ine the question of levying a tax of one-half (i) mill
on all real and personal property within the City for the puppose
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 1980; and,
WHEREAS, Ordinance No. 172, dated May 19, 1966, was passed
by the City Council of the City, and called for a special e~ection
to deteJ.wine the question of levying a tax of one-half (i) mill on
all real and personal property within the City for the pUL~ose of
establishing and funding a Pmlicemen's Pension and Relief Fund;
and an election was subsequently held at which the qualified
electors of the City voted in favo~::of that tax to be collected
with the taxes collected in 1980; 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
r~
557
ORDINANCE NO.
P AG E 2.
finding that a levy of three and one-half (3t) 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 1979 and to be collected during the
year 1980 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 sufficient
to pay the Bonds as they mature, with interest thereon, in time
for the tax to be collec~ed in 1980.
NOW THEREFORE, BE IT ORDAINED by the City Council of
Jacksonville, Arkansas:
SECTION 1..;. That a tax of six (6) mills on eac11 dollar of
assessed valuation of all real and personal property within I the
City, be and hereby is levied by the City Council of the City to
be collected with the taxes collected in the year 1980 for the
purpose of general revenues, funding Firemen's Relief and Pension
Fund, and funding P~licemen's Pension and Relief Fund.
SECTION ~ That the tax of three and one-half (3t) mills
on each dollar assessed valuation of all real and personal property
within the City for the purpose of p~ying the principal of and
interest on Industrial Development Bonds under Amendment No. 49
of the Constitution of the State of A~kansas, be and that tax is
suspended for the year 1979 and shall not be collected in the
year 1980.
SEe'LION 1: 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
2t mills on each dollar of assessed valuation, to be collected
with the taxes collected in the year 1980.
s1
557
ORDINANCE NO. PAGE 3.
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 extend said eight and one-half (8t) 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 1980.
It is, therefore, declared that an emergency exists and this
Ordinance shall be in force and take effect il111l1ediately upon its
passage.
PASSED this 1st
day of
November
" 19i9.
CITY OF JACKSONVILLE, ARKANSAS
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ATTEST:
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APPROVED AS TO FORM:
~~~N~. ~ ~