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ORDINANCE NO. 5 2 2
AN ORDINANCE AMENDING ORDINANCE NO. 516, ADOPTED
AND APPROVED OCTOBER 19, 1978, AS AMENDED BY
ORDINANCE NO. 518, ADOPTED AND APPROVED NOVEMBER 2,
1978; PRESCRIBING OTHER MATTERS PERTAINING THERETO;
AND DECLARING AN EMERGENCY. (CONCERNS: RESIDENTIAL
HOUSING FACILITIES BOARD . LOANS WITHIN OR NEAR THE CITY)
WHEREAS, the City of Jacksonville, Arkansas (the "City "),
adopted Ordinance No. 516, adopted and approved October 19, 1978,
as amended by Ordinance No. 518, adopted and approved November 2,
1978 (collectively "Ordinance No. 516") , which Ordinance No. 516
created the City of Jacksonville, Arkansas Residential Housing
Facilities Board (the "Board "); and
WHEREAS, it is necessary to amend Section 2 of Ordinance
No. 516 to authorize the Board to act pursuant to the provisions and
authority of Ark. Acts of 1975, No. 142 (the "Act "), both within or
near the City;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF JACKSONVILLE, ARKANSAS:
Section 1. That Section 2 of Ordinance No. 516 be amended
to read as follows:
"Pursuant to the authority of the Act there is hereby
created and established the "City of Jacksonville, Arkansas
Residential Housing Facilities Board" (hereinafter referred to as
the "Board ") with authority as hereinafter provided to accomplish,
finance, contract and make or purchase mortgage loans concerning,
and otherwise act in such manner as may be permitted by the Act to
provide decent, safe and sanitary residential housing facilities
within or near the City."
Section 2. That Ordinance No. 516, as amended hereby,
is continued in full force and effect.
Section 3. That it is hereby found and determined that
there is an immediate and urgent need for residential housing
loans within or near the City, and that the creation of the Board and
the exercise of the duties and powers provided in Ordinance No. 516,
as amended hereby, is therefore necessary to the preservation of the
public peace, health and safety. Therefore, an emergency is declared
to exist and this Ordinance shall be in full force and effect from
and after its passage.
PASSED: 20 November , 1978
ATTEST: APPROV D:
/ 4 ( 1 '
1Jf'�
Ct,.,4 Mayor
City Clerk
(SEAL)
K,.
APPROVED AS TO FORM:
'IN MILLS, CITY A 0.1
CERTIFICATE
The undersigned, City Clerk of the City of Jacksonville,
Arkansas, hereby certifies that the foregoing pages, numbered from
1 and 2, are a true and perfect copy of Ordinance No. fl r,
adopted at. a 4",,f session of the City Council of the
City of Jacksonville, Arkansas, held at the regular meeting place
in said City atG3o.m., on the :. day of y;,y,lr.,. , 1978, and
that the Ordinance is of record in Ordinance Record Book No. _ .c ,
Page j8jL , now in my possession.
GIVEN under my hand and seal on this -.22 of
2 n i .w , 197T.
City Clerk
(SEAL)