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0299 ORDINANCE NO.67297 AN ORDINANCE FOR THE PURPOSE OF LEVYING FIVE MILLS, ONE - HALF MILL, ONE -HALF MILL, AND FIVE MILLS, TOTALING ELEVEN MILLS TAX AGAINST PERSONAL AND REAL PROPERTY WITHIN THE CORPORATE LIMITS OF THE CITY OF JACKSONVILLE, ARKANSAS; FOR THE PURPOSE OF SUSPENDING THREE AND ONE -HALF MILLS TAX FOR INDUSTRIAL DEVELOPMENT BONDS FOR THE YEAR 1973; FOR THE PUR- POSE OF EFFECTING CERTIFICATION TO THE COUNTY CLERK OF PULASKI COUNTY OF THE TAX LEVIED; PRESCRIBING OTHER MATTERS PERTAIN- ING 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 1974; 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 col- lected in the year 1974; 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 col- lected in the year 1974; and WHEREAS, Ordinance No. 179, dated August 18, 1965, 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 to pay the principal of and interest on these Industrial Development 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 any tax upon the real and personal property assessed during the year 1973 ORD. BOOK # # / — • Page two • and to be collected during the year 1974 for the payment of these Industrial Development Bonds; and WHEREAS, Ordinance No. 196, dated November 2, 1967, was passed by the City Council of the City and called for a special election to determine the question of issuing bonds (called "Combined Bonds ") for the purpose of the acquisition of a site for and the construction and equipment of a city library, for the acquisition of a site for and the construction and equipment of buildings for the housing of fire fighting apparatus, for the purchase of fire fighting appa- ratus, for purchasing and improving a city park (including the construction and equipment of a community recreational center and swimming pool, with appro- priate fixtures and appurtenances), and for the refunding of the hospital bonds; 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 1974; and WHEREAS, it is necessary, in order to pay the Combined Bonds, with interest thereon, to levy, upon all real and personal property within the City, a special tax of five (5) mills, in lieu of the tax to pay the hospital bonds. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS: Section 1. That a tax of eleven (11) 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 1974 for the purpose of general revenues, the Combined Bonds, estab- lishing and funding Firemen's Relief and Pension Fund, and establishing 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 of 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 1973 and shall not be collected in the ORD. BOOK #�_pAGE #____.L. Pag? Three • year 1974. Section 3. 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 eleven (1 1) mills tax against all real and personal property assessments made against properties within the corporate limits of the City of Jacksonville, Arkansas. Section 4. 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 1974. It is, therefore, declared that an emergency exists and this Ordinance shall be in force and take effect immediately upon its passage. 9.7 PASSED:. :/ /sGa -- 1973. APPROV +: i 1fl A i ATTEST: i ty Clerk APPPuvED AS mp FORM; F, r C .... 7 i t / J ORD. BOOK # FPGE # ril.. t c C E R T I F I C A T E I, the undersigned, City Clerk of Jacksonville, Arkansas, hereby certify that the fpregoing pages are a true and e)moared c of an Ordinance Number 2)) adonted at a Regular session of the City C'uncil )f Jacksonville, Arkansas, held at the regular meeting n'ace )f the C in the City at 7:30 p.m., an the 16th day if August 1)73, and that the Ordinance is of record in Ordinance Record Bo)k No. 2 at Page 73, now in my o)ssessi.ln. GIVEN under my hanc' and sea' this 16th da> >f August 1)73. ,City C'eof Jacksonville, Arkansas ORD. BOOK # ° PAGE #