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ORDINANCE N0. 410
AN ORDINANCE SUBMITTING AT THE GENERAL ELECTION IN THE
CITY OF JAGCSONVIT ARKANSAS ON NOVEMBER 2, 1976, THE
QUESTION OF ISSUING BONDS UNDER ANIENEt'B4T NO. 13 TO THE
CONSTITUTION OF THE STATE OF ARKANSAS FOR THE PURPOSE OF
FINANCING THE COSTS TO THE CITY OF PURCHASING A SITE FOR AND
CONSTRUCTING AND EQUIPPING A NEW CITY HALL; PURCHASING
SITES FOR AND CONSTRUCTING AND EQUIPPING FIRE STATIONS
AND CONSTRUCTING AND EQUIPPING EXTENSIONS, BETTERMENTS
AND IMPROVEMENTS TO EXISTING FIRE STATIONS; AND PUR-
CHASING A SITE FOR AND CONSTRUCTING AND EQUIPPING A
MUNICIPAL BUILDING, INCLUDING FACILITIES FOR THE POLICE
DEPARTMENT, THE MUNICIPAL COURT AND A JAIL; PRESCRIBING
OTHER MATTERS RELATING THERETO; AND DECLARING AN EMERGENCY.
WHEREAS, the City of Jacksonville, Arkansas (the "City "), is a city of
the first class; and
WHEREAS, it has been determined that the following improvements are
needed:
1. Pu>whasing a site for and constructing and equipping a new City
Hall;
2. Purchasing sites for and constructing and equipping fire stations
and constructing and equipping extensions, betterments and improvements to
existing fire stations; and
3. Purchasing a site for and constructing and equipping a Municipal
Building, including facilities for the Police Department, the Municipal Court and
a jail;
(the "improvements "), which estimates include expenses of authorizing and issuing
bonds (with the balance of the costs to be obtained from grant funds from the
United States of America and other available funds of the City);
NOW, THEREFORE, BE IT ORIY\INED by the City Council of the City
of Jacksonville, Arkansas:
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Section 1. That there be submitted to the electors of the City at the
general election to be held on November 2, 1976, the question of issuing General
Obligation Improvment Bonds under the provisions of Amendment No. 13 to the
Constitution of the State of Arkansas in an amount not to exceed $1,500,000 for
the purpose of purchasing a site for and constructing and equipping a new City
Hall; purchasing sites for and constructing and equipping fire stations and con-
structing and equipping extensions, betterments and improvements to existing
fire stations; and purchasing a site for and constructing and equipping a Municipal
Building, including facilities for the Police Department, the Municipal Court and a
jail.
Section 2. That the bonds shall be dated February 1, 1977, with
interest thereon to be payable semiannually on February 1 and August 1 of each
year, commencing August 1, 1977, and the bonds shall mature on February 1 of
each year as follows, but shall be callable for payment prior to maturity on
such terms as the City may specify in the Notice of Public Sale of the bonds:
YEAR AMOUNT
1980 $ 25,000
1981 25,000
1982 39,000
1983 30,000
1984 35,000
1985 40,000
1986 45,000
1987 50,000
1988 50,000
1989 55,000
1990 55,000
1991 60,000
1992 65,000
1993 70,000
1994 75,000
1995 80,000
1996 85,000
1997 90,000
1998 95,000
1999 100,000
2000 105,000
2001 115,000
2002 120,000
If the bonds for less than all of the purposes are approved, there will
be an appropriate reduction in the principal amounts in the above schedule.
At the discretion of the City Council, the bonds may be sold and
delivered in series as funds are needed upon such terms and pursuant to such
conditions as the City Council may specify in the ordinance authorizing the
issuance of a particular series. The various series may bear interest at different
rates.
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Section 3. The question shall be placed on the ballot for the election
in substantially the following form:
Vote on measure by placing an "X" in the square
above the measure either for or against:
For an issue of bonds in the amount of $935,000
for the purpose of purchasing a site for and con-
structing and equipping a new City Hall
Against an issue of bonds in the amount of $935,000
for the purpose of purchasing a site for and con-
structing and equipping a new City Hall ,e_7
For an issue of bonds in the amount of $305,000
for the purpose of purchasing sites for and con-
structing and equipping fire stations and constructing
and equipping extensions, betterments and improve-
ments to existing fire stations L—J
Against an issue of bonds in the mount of $305,000
for the purpose of purchasing sites for and con-
structing and equipping fire stations and constructing
and equipping extensions, betterments and improve-
ments to existing fire stations.
For an issue of bonds in the amount of $260,000
for the purpose of purchasing a site for and con-
structing and equipping a Mmicipal Building, including
facilities for the Police Department, the Municipal Court and
a jail �l
Against an issue of bonds in the amount of $260,000
for the purpose of purchasing a site for and con-
structing and equipping a Municipal Building, including
facilities for the Police Department, the Municipal Court and
1 a jail
If bonds for all of the above set forth purposes are approved by
the electors, they will be ccmbined into one issue. The bonds
will be issued under the provisions of Amendment No. 13 to the
constitution of the State of Arkansas. The bonds will be dated
February 1, 1977, with interest payable semiannually on February 1 and
August 1 of each year, commencing August 1, 1977, and will mature
serially on February 1 in each of the years 1980 to 2002, inclusive.
In the event that bonds are approved for fewer than all of the above
set forth purposes, the bonds for the purposes approved will be com-
bined and will be issued with the same maturity dates but for
proportionately less amounts. The bonds will bear interest at the
rate or rates accepted by the City at the public sale of the bonds
and may be sold with the privilege of converstion. The City Council
will levy and there will be collected a continuing annual tax in
the amount of five (5) mills in the event that bonds for all of the
above set forthe purposes are approved and issued. If bonds for
fewer than all of the above set forth purposes are approved and
a continuing annual tax in an amount sufficient to insure the pay-
ment of the principal of and interest on the bonds that are issued.
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Section 4. That the election shall be held and conducted and the
vote canvassed and the results declared under the law and in the manner now
provided for municipal elections, so far as the same is applicable, and the
Mayor of the City is hereby authorized and directed to .qive notice of such election
by an advertisement published weekly once a week for four times in a news-
paper published in the City, and having a bona fide circulation therein, the
last publication to be not less than ten days prior to the date of the election,
and only qualified voters of the City shall have the right to vote at said election
on said question.
Section 5. That the results of the election shall be proclaimed by the
Mayor and his Proclamation shall be published one time in a newspaper published
in the City and having a bona fide circulation therein, which Proclamation shall
advise that the results as proclaimed shall be conclusive unless attached in
the courts within thirty (30) days after the date of such Proclamation.
Section 6. That the Mayor is authorized to advertise, according to
the terms of Amendment No. 13 to the Constitution of the State of Arkansas, the
public sale of the proposed bond issue.
Section 7. That a copy of this Ordinance shall be given to the Pulaski
County Board of Election Commissioners so that the necessary election officials
and supplies may be provided.
Section 8. That all ordinances and parts thereof in conflict herewith
are hereby repealed to the extent of such conflict.
Section 9. That it is hereby ascertained and declared that there is an
immediate need for the construction of the above described improvements in
order that the public health, welfare and safety may be protected and that said
improvements can be constructed only by the issuance of the proposed bonds to
be voted on at the general election. It is, therefore, declared that an
emergency exists, and this Ordinance being necessary for the immediate
preservation of the public peace, health and safety and shall be in force
and take effect immediately fran and after its passage.
PASSED: 9 -16 -76 , 1976
ATTEST: APPROVED:
\ J-L« </— rci,z? ,/: --� -- LI
City Clerk i Mayor
(SEAL)
( .LI " i (1E r
er