0360 • o
•
ORDINANCE NO. -3&? 0
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 1975; FOR THE PURPOSE OF EF-
FECTING CERTIFICATION TO THE COUNTY CLERK OF PULASKI COUNTY
OF THE TAX LEVIED; PRESCRIBING OTHER MATTERS PERTAINING THERE-
TO; 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 1976; 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 1976; 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
andRelief 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 1976; and
WHEREAS, Ordinance No. 179, dated August 18, 1965, was passed
by the City Council of the City authorizing the issuance of Industrial Develop-
ment 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 and tax upon the real and personal property assessed
Page Two
during the year 1975 and to be collected during the year 1976 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 ac-
quisition 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 apparatus,
for purchasing and improving a city park (including the construction and equip-
ment of a community recreational center and swimming pool, with appropriate
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 1976; 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) milts 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 1976 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 thatlax is suspended for the year 1975 and shall not be collected in the year
1976.
Page Three
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 (11)
mills tax against all real and personal property assessments made against
prcperties 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 inhabi-
tants, 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
1976. It is, therefore, declared that an emergency exists and this Ordinance
shall be in force and take effect immediately upon its passage.
PASSED: /{itrf A.6a / , 1975.
APPROVED:
I
/iI 4
OR
Aei
City foterk
APPROVED AS TO FORM;
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, 1 (17 s
. e
Ben E. Rice, Ci•iry Atuo.ney