0096 O?OINQANCE NO. 96
Of Fri 'IF 1 1
l)r( j1 - k�
AN 0tDINANCE DIRECTING THAT THE QUESTIcA OF
ISSUING BONDS FUI THE PURPUu& OF PUMAS/TO
A SITE FOR, CONSTRUCTING AND EQUIPPING A CITY
HOSPITAL BE SUBMITTED TOME VOTERS OF THE
CTTY OF JACKSONVILLE, ARKANSAS; PRESCRIBING
MDR NATTERS MATING THERETO; AEW DECLARING
AN EMFRGENOY.
WHEREAS the City of Jacksonville. Arkansas is a city of the emend clans; avl
WHEREAS the City does not have a hospital and there in an immediate need for
the providing of necessary hospitalization facilities to the inhabitants of the City; and
WHEREAS it has been determined that the cost to the City of ouoh a hoapitol
will be $150,000, including architectural, logal and other nsoamsary expenses heel-
dental to the oonatruotion of the hospital and the issuance of the bonder it being
understood that in addition to the said $150,000 the City will utilize suoh Tondo
from other sources, including the Federal Government, as say be available; and
WHEREAS the City can obtain the fends for the cost to it of the oonstruation
of the hospital by the issuance of General Obligation Bonds under the provisions or
Amendment No. 13 to the Constitution of the State of Arkansas;
NOI, TIEtEF(RE, BE IT QtDAXNED by the City Connell of the City of Jacksonville,
Arkansas':
Section 1. That an °laction be. and the same is hereby, milled to be held in
the City of Jaokoonvllles Arkansas on the 4th day of November, 1950, at which election
thorn shall be submitted to the electors of the City the question of issuing 3150.030
in General Obligation Honda for the purpose of paying the aunt to the City of oca-
atruating a city hospital. The bonds shall be negotiable aonpon bonds. shall be dated
December 1, 1956, and interest thereon shall be payable semi - annually on June 1 as
December 1 of each year commencing June 1, 1959. The bonds shall be sold at publio
sale and shall bear interest at such rate so is fixed in the bid accepted by the City
at mid sale. The bonde shall be sold with the privilege of'conversion to an issue bearing
a lower rate or rates of interest, the conversion to be in accordance with the Univernal
Band Values Tables and upon such terms that the City receive no lea4ti& pay no more than
it would receive akitd pay if the bends were not converted, and the bonde to be sold shall
nature on December 1 of each year as foliose, but shall be callable for paysent prior to
maturity on soh terms as may be specified by the City in the notion mf sales
Year Amount
1961 t 2,000
1962 2000
1963 3.000
1964 3,000
1965 3,000
1966 3.000
1967 3.000
1960 3,000
1969 ,000
1970 14,000
1971 4,000
197 4,000
1973 4,001
1974 4,00O
1975 4.00
3976 5.000
1417 5,000
1970 5,000
1479 5,0Do
1980 6,coo
•
-( ! J •
•
ALOE 2 '
• QIDINANCX N0. 96 (C@Yl'1iu o)
Vim' Amount •
1981 0 6,00°
1982 6, COO
1983 7,000
1986 7,000
1985 7,000
1986 8,000
1987 80000
1988 80000
1989 9,000
1990 9.000
Section 2. That acid question shall be placed on the ballot for the *Motion
In substantially the following forme
Vote on msasere by placing an ° B ° in the square above the measure
either for ar againate
For the issuance of bonds in the amount of 0150,000
Against the lanunnoo d' bonds in the amount of $1500000. 7-7
It is proposed to issue 9150,000 in bonds
payable serially on Deoember 1, 1961 to
1990, lnolunive, for the purpose of financing
the cost to the City of oonstruoting a city
hospital. The bond° shall be sold with the
privilege of conversion to an issue bearing e
fewer rate or rates of interest. in the
event the issuance of the bonds is approved
by the elootir s, the City Couuoil will levy
a continuing annul tax for the purpose of
paying the principal of and interest on the
bonds as they nature.
Section 3. That the election shall be held and conduoted and the vote
canvassed and the results dealered under the law and in the manner now provided far
municipal sleet /one so far as the sane is applicable, and the Mayor of the City of
Jacksonville. Arkansas and having a bona fide circulation therein, the last publication
to be net less than ten days prior to the date of the olootion, and only qualified
rebore of the City of Jacksonville. Arkansas shall have the right to vote at said
election on said question.
Section k. That the results of said election shall be proclaimed by the
Mayor and his proclamation shall be published one time in a newspaper published in the
City of Jaoksonville, Arlannns and having a bona fide circulation therein, which proolena-
time shall advise that the results as proclaimed shall be eonolunive unless attacked in
the courts within thirty days after the date of such proolaovation.
Section 5. That the Mayor is authorized to advertise. according to the
Pulaski County Board of Election Cemm,issinnere so that the necessary elootion officials
and supplies may be provided.
Section 7. That all ordinances and pmts thereof in conflict herewith are hereby
repealed to the extent of such conflict.
Suction 8. That it is hereby ascertained and declared that the proppo°ed Im.
provement to be votod upon by the electors in the °lootion called by this ordinance ie
immediately needed in order that adequate hospital facilitie may be made available to the
citizens of the City of Jacksonville, Arkanana, without which the public welfare, safety
and health of the oititone are greatly endangered. Inasmuch as said facilities can be
made available only by the issuance of bonds, of which the election called heroin is the
initial stop, it is declared that an emergency exits and this erdinenoe being necessary
for the preservation of the public peace. health and safety shall be in force and take
effect immediately upon and after its passage.