0417 e - .
ORDINANCE NO. �/
AN ORDINANCE LEVYING A TAX SUFFICIENT TO PAY THE
PRINCIPAL OF AND INTEREST ON GENERAL OBLIGATION
IMPROVEMENT BONDS OF THE CITY OF JACKSONVILLE,
ARKANSAS; PRESCRIBING OTHER MATTERS PERTAINING
THERETO; AND DECLARING AN EMERGENCY.
WHEREAS, the City of Jacksonville, Arkansas (the "City ") proposes
to issue bonds under Amendment No. 13 to the Constitution of the State of
Arkansas (the "Bonds "); and
WHEREAS, the Quorum ,Court of Pulaski County, Arkansas, convenes
on November 15, 1976, and it is necessary that the City levy a tax sufficient
to pay the Bonds as they mature, with interest thereon, in time for the tax
to be collected in 1977;
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City
of Jacksonville, Arkansas:
Section 1. That in order to pay the Bonds as they mature, with
interest thereon, there is hereby levied upon all taxable real and personal
property within the City a tax of 5 mills on each dollar of assessed valuation,
to be collected with the taxes collected in the year 1977.
Section 2. That the City Clerk is hereby directed to transmit a certified
copy of this Ordinance to the County Clerk of Pulaski County, Arkansas, to
the end that the tax herein levied may be extended on the tax books of Pulaski
County, Arkansas, and collected with the other taxes in the year 1977.
Section 3. It is hereby ascertained and declared that there is an
immediate need for the issuance of the Bonds in order to finance capital improvements
essential to the public peace, health and safety and that in order to issue the
Bonds it is necessary that the tax be certified to the Quorum Court by November 15,
1976, and collected in the year 1977. It is, therefore, declared that an emergency
exists and this Ordinance being necessary for the immediate preservation of
the public peace, health and safety shall be in force and take effect from and
after its passage.
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Page 2
PASSED: _ Itnem4..03 /O 1976.
APPROV
ATTEST:
Alla a rim I r - i
team,/
z rt
/1ity Clerk
(SEAL)
CERTIFICATE
STATE OF ARKANSAS )
COUNTY OF PULASKI )
The undersigned, City Clerk of Jacksonville, Arkansas, hereby certifies
that the foregoing pages, numbered 1 and 2, are a true end correct copy of
Ordinance No. 41 7 passed at a SPECIAL session of the City Council
of Jacksonville, Arkansas, held at the regular meeting place of the Council
at 8:30 P .m., on the 10th day of NOVEMBER , 1976, and that
the Ordinance is of record in Ordinance Record Book No. 2 , Page 199
now in my possession.
GIVEN under my hand and seal this 12thday of NOVEMBER
1976.
City Clerk
(SEAL)
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