Loading...
0449 ORDINANCE NO. 4 4 9� 6- if - /%y /i AN ORDINANCE FOR THE PURPOSE OF LEVYING TWO AND ONE -HALF MILLS, ONE - HALF MILL AND ONE -HALF MILL, TOTALING THREE AND ONE -HALF 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 THEYEAR 1977; FOR THE PURPOSE 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 per- sonal property within the City, a tax of two and one -half (2 1/2) mills to be col- lected with the taxes collected in the year 1978; 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 ques- tion of levying a tax of one -half (1/2) mill on all real and personal property with° in 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 1978; 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 ques- tion 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 1978; and WHEREAS, Ordinance No. 179, dated August 25, 1966 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, levy- ing a tax sufficient to pay the principal of and interest on these Industrial Develop- ment 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 during the year 1977 and to be collected during the year 1978 for the payment of these Industrial Development Bonds; and L Page Two NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS: Section 1. That a tax of three and one -half (31/2) 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 1978 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 Development Bonds under Amendment No. 49 of the Constitution of the State of Arkansas, be and that tax is suspended for the year 1977 and shall not be collected in the year 1978. 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 three and one -half (3 1/2) 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 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 1978. It is, therefore, h ore, declared that an emergency exists and this Ordinance shall be g Y in force and take effect immediately upon its passage. he PASSED: �d L�Lv/�/ , 1977. APPROVED: ATTEST: 1 / ayor A City C } rk APPROVED AS TO FORM: Ronald C. Mille, City Attorney Received of Mrs. Floy Avants, City Clerk of Jacksonville, � � Arkansas, this f — L � day of °j. , 1927 ORDINANCE 449: AN ORDINANCE FOR THE PURPOSE OF LEVYING TWO AND ONE -HALF MILLS, ONE -HALF MILL AND ONE -HALF MILL, TOTALING THREE AND ONE -HALF MILLS TAX AGAINST PERSONAL AND REAL PROPERTY WITHIN THE CORPORATE LIMITS OF THE CITY OF JACKSONVILLE, ARKANSAS. 4 yj- a , C A'LES JACKSON, Cef TY CLERK i