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RESOLUTION NO. 3 1 0 ( #3 -83)
A RESOLUTION PROVIDING FOR THE EXPENDITURE OF REMAINING FUNDS
COLLECTED UNDER ORDINANCE NO. 442, GENERAL OBLIGATION BONDS
ISSUED FEBRUARY 1, 1977; AND FOR OTHER PURPOSES.
BE IT RESOLVED BY THE CITY COUNCIL OF JACKSONVILLE, ARKANSAS:
WHEREAS, a 22 mills General Obligation Bond was issued
pursuant to Ordinance No. 442 on February 1, 1977; and
WHEREAS, the expenditures allocated on said bond issue
for construction have been completed and there remains a
substantial sum in said account; and
WHEREAS, it is the purpose of this governmental body
to see that the remaining funds be used in a like manner
and purpose as was originally approved by the voters;of this
city;
THEREFORE, be it resolved that, the remaining funds collected
under the General Obligation Bonds of February 1, 1977, and
collected in accordance with Ordinance No. 442, shall be expented
as follows:
(1) 53.4% for equipment for the Police Department,
(2) 46.6% for equipment for the Fire Department.
This Resolution is put into full force and effect from
its passage and approval.
DATE PASSED: MAY 5, 1983
r ilkasee °Sr 4621.41
ATTEST:
1 /
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APPROVED AS TO FORM:
CJT�AT A ATTORNEY /�iQ
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