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0415 • • r • ORDINANCE NO. 77.6 AN ORDINANCE FOR THE RJRPOSE OF LEVYING FIVE MILLS, ONE- HALF MILL AND ONE -HALF MILL, TOTALING SIX MILLS TAX AGAINST PERSONAL AND REAL PROPERTY WITHIN THE CORPORATE LIMITS OF THE CITY OF JACKSONVILLE, ARKANSAS; FOR THE PURPOSE OF SUS - PENDING THREE AND ONE -HALF MILLS TAX FOR INDUSTRIAL DEVELOP- MENT BONDS FOR THE YEAR 1976; FOR THE RJRPOSE OF EFFECTING CERTIFICATION TO THE COUNTY CLERK OF PULASKI COUNTY OF THE TAX LEVIED; PRESCRIBING OTHER MATTERS PERTAINING 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 the (5) mills to be collected with the taxes collected in the year 1977; 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 Fire- men'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 col- lected with the taxes collected in the year 1977; 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 collected in the year 1977; and WHEREAS, Ordinance No. 179, dated August 25, 1966 was passed by the City Council of the City authorizing the issuance of Industrial Devel- opment 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, Page Two and personal property it will not be necessary to levy and tax upon the real nd person pr ope assessed during the year 1976 and to be collected during the year 1977 for the payment of these Industrial Development Bonds; and NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS: Section 1. That a tax of six (6) 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 1977 for the purpose of general revenues, funding Firemen's Relief and Pension Fund, 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 Develop- ment Bonds under Amendment No. 49 of the Constitution cf the State of Arkansas, be and that tax is suspended for the year 1976 and shall not be collected in the year 1977. 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 six (6) mills tax against all real and personal property assessments made against pro- perties 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 in- habitants, 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 1977. It is, therefore, declared that an emergency exists and this • Pagefihrep • Ordinance shall be in force and take effect immediately upon its passage. PASSED: ` l4nJ ki 1976. APPROVED: IC/1 YOR ATTEST: Y City C rk uk e. �1`t %, CERTIFICATE The undersigned, City Clerk of the City of Jacksonville, Arkansas, hereby certifies that the foregoing pages are a true and correct copy of Ordi- nance No. 415 , adopted at a regular session of the City Council of the City of Jacksonville, Arkansas, held at the regular meeting place of the City Council in the City at 7:30 o'clock p Jn „ on the 4th day of November , 1976, and that the Ordinance is of record in Ordinance Record Bead No. 2 , Page 197 , new in my possession. GIVEN under my hand and seal this 01 tf day of 1 1976. // City Cl (SEAL)