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0193 0 I • • .: 1' • • ORDINANCE NO. AN ORDINANCE FOR THE PURPOSE OF ASSESSING FIVE MILLS, THREE AND ONE -HALF MILLS, QNE -HALF MILL AND ONE -HALF MILL, TOTALLING NINE AND ONE -HALF MILLS TAX AGAINST PERSONAL AND REAL PROPERTY WITHIN THE CORPORATE LIMITS OF THE CITY OF JACKSONVILLE, ARKANSAS; AND FOR THE FURTHER PURPOSE OF SUSPENDING THREE AND ONE -HALF MILLS TA$_FOR INDUSTRIAL DEVELOPMENT BONDS FOR THE YEAR 1.67. WHEREAS, it is necessary to meet current obligations and expenses of the City, to levy upon all real and personal property within the City of Jacksonville, Arkansas, a tax of five (5) mills to be collected with the taxes collected in the year 1968; and WHEREAS, an Ordinance Numbered 113, dated December 1, 1960, was passed by the City Council of the City of Jacksonville, Arkansas, authorizing the issuance of bonds for the purpose of acquiring a site for, construction and equipping a municipal hospital, levying a tax sufficient to pay the principal and interest of such bonds; and WHEREAS, it is necessary, in order to pay the bonds, together with interest thereon, to levy upon all real and personal property within the City of Jacksonville, Arkansas, a continuing special tax of three and one -half (31) mills to be collected with the taxes collected in the year 1968; and WHEREAS, Ordinance Number 172, dated May 19, 1966, was passed by the City Council of the City of Jacksonville, Arkansas, and called for a special election to determine the question of levying a tax of one -half mill on all personal and real property within the City of Jacksonville, Arkansas, for the purpose of establishing and funding a Firemen's Relief and Pension Fund; and an election subsequently held at which the qualified electors of said city voted in favor of such tax to be collected with the taxes collected in the year 1968; and WHEREAS, Ordinance Number 172, dated May 19, 1966, was passed by the City Council of the City of Jacksonville, Arkansas, and called for a special election to determine the question of levy- ing a tax of one -half mill on all personal and real property within the City of Jacksonville, Arkansas, 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 said city voted in favor of such tax to be collected with the taxes collected in the year 1968; and WHEREAS, Ordinance Number 179, dated August 18, 1965, was passed by the City Council of the City of Jacksonville, Arkansas, authorizing the issuance of Industrial Development Bonds, under Amendment #49 of the Constitution of the State of Arkansas, levy- ing a tax sufficient to pay the principal and interest of such bonds; and finding that a levy of three and one -half (31) mills would be a sufficient amount to pay such sums; and whereas, it will not be necessary to levy any tax upon the real and personal property assessed during the year 1967 and to be collected during the year 1968 for the payment of such bonds; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS: SECTION 1. That a tax of Nine and One -Half (94) Mills on each dollar of assessed valuation of all real and personal pro- perty within the City of Jacksonville, Arkansas, be and the same is hereby levied by the City Council of the City of Jacksonville, Arkansas, to be collected with the taxes collected in the year 1968 for the purpose of general revenues, hospital bond issue, establishing and funding Firemen's Relief and Pension Fund and Policemen's Pension and Relief Fund; and SECTION 2. That the tax of Three and One -Half (3a) Mills on each dollar of assessed valuation of all real and personal property within the City of Jacksonville, Arkansas, for the pur- pose of paying the principal and interest on Industrial Develop- ment Bonds under Amendment 49 of the Constitution of the State of Arkansas, be and the same is suspended for the year 1967 and shall not be collected in the year 1968. SECTION 3. That a certified copy of this Ordinance be de- livered 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 nine and one -half (9a) mills tax against Ailli . �I 0 all real and personal property assessments made against pro- perties within the corporate limits of the City of Jacksonville, Arkansas. SECTION 4. That this Ordinance shall be in full force and effect from and after its passage and approval. PASSED THIS day of , A.D., 1967. MAYOR ATTEST: C C RK