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0522 4` • 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)