1254
RECEIVED
ijU~AS< COUNTY
5!:J-3!OfJ . ~~
EI_ECT'ON COM_v1_SS_0~
OOO(J~75
ORDINANCE NO. 1254 (#16 - 05)
AN ORDINANCE TO CALL A SPECIAL ELECTION ON THE QUESTON OF
LEVYING AN ANNUAL AD VALOREM TAX LEVY AT THE RATE OF ONE (1.0)
MILL FOR THE ACQUISITION, CONSTRUCTION, AND EQUIPPING OF LAND
AND CAPITAL IMPROVEMENTS FOR THE CITY'S PUBLIC LIBRARY, WHICH
TAX WILL EXPIRE UPON PAYMENT IN FULL OF BONDS TO WHICH IT IS
PLEDGED; SAID AD VALOREM TAX TO BE PLEDGED TO AN ISSUE OR
ISSUES OF BONDS OF THE CITY OF JACKSONVILLE, ARKANSAS, ISSUED
UNDER AMENDMENTS NOS. 30 AND 72 OF THE CONSTITUTION OF THE
STATE OF ARKANSAS AND ACT 920 OF 1993, NOT TO EXCEED $2,500,000
IN AGGREGATE PRINCIPAL AMOUNT TO FINANCE THE COST OF
ACQUIRING, CONSTRUCTING, AND EQUIPPING LAND AND ADDITIONAL
CAPITAL IMPROVEMENTS FOR THE PUBLIC CITY LIBRARY OPERATED BY
THE CITY OF JACKSONVILLE AND THE CENTRAL ARKANSAS LIBRARY
SYSTEM; PRESCRIBING OTHER MATTERS PERTAINING THERETO; AND,
DECLARING AN EMERGENCY.
WHEREAS, the City of Jacksonville, Arkansas (the "City") is a city of the first
class;
WHEREAS, t le City Council has determined that it would be in the best
interests of the City to acquire, construct, and equip land and additional ca Jital
improvements for a city library and re ated facilities (the "Improvements") at an
estimated cost not to exceed Two Million Five Hundred Thousand Dollars
($2,500,000);
WHEREAS, it las Jeen determined t lat t le cost of t le Improvements,
inc uding incidental expenses and expenditures in connection with accom Jlishing the
Improvements and ex Jenses in connection with authorizing and issuing the bonds
(lereinafter defined) can be financed JY t le issuance of bonds in one or more
series in the principal amount not to exceed Two Million Five Hundred Thousand
Dollars ($2,500,000);
WHEREAS, tle bonds can Je issued under tle autlority of Amendments
Nos. 30 and 72 to the Constitution of the State of Arkansas (the "Amendments")
and Act No. 920 of the Acts of Arkansas of 1993, a) Jroved April 7, 1993 ("Act
No. 920");
WHEREAS, the City can pay the principal of and interest on the bonds from
the proceeds of an ad va orem tax not to exceed One (1.0) mi on tle do lar of the
assessed va ue of taxa J e rea and persona property tax in t le City to be evied
under t le aut lority of the Amendments and Act No. 920, w lic, tax will expire upon
payment in full of the bonds; and,
WHEREAS, the purpose of this Ordinance is to submit to the electors of the
City the question of issuing bonds under the Amendments and Act No. 920 at a
Special Election to be le d on Tuesday, Ju y 5, 2005, and to levy and extend the
OOOO~76
ORDINANCE NO. 1254 (#16 - 05)
PAGE TWO
existing library capita improvement ad va orem tax to be collected at t le rate of not
to exceed One (1.0) mi on tle do ar of tle assessed va ue of tle taxa J e rea and
personal property within the City (the '"I ax").
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF JACKSONVILLE, ARKANSAS, THAT:
SECTION ONE: T lere be and hereby is called a Special Election to be held
on Tuesday, July 5, 2005, at w lic 1 election there sha I be submitted to the electors
of the City of Jacksonville, Arkansas, the question of issuing bonds under the
Amendments and Act No. 920 for the Jur Joses s Jecified in Section Two hereof. The
maximum rate of t le tax to retire the bonds shall be stated on the Jallot.
SECTION TWO: The ballot shall be in substantially the following form:
PROPOSED PUBLIC LIBRARY CAPII AL IMPROVEMENTS:
AUTHORIZA lION OF BONDS FOR THE JACKSONVILLE PUBLIC
LIBRARY CAPll AL IMPROVEMENTS PROJEL I TO FINANCE THE
ACQUISIIION, CON~ I KUllION, AND EQUIPPING OF LAND AND
ADDIIIONAL CAPII AL IMPROVEMENTS, TOGt: I HER WI I H
APPROVAL TO PLEDGE RECEIPTS FROM AN AD VALOREM TAX OF
ONE (1.0) MILL FOR PAYMENT I HEREOF.
The issuance of bonds by the City of Jacksonville in the aggregate principal
amount of up to Two Mi ion Five Hundred Thousand Do lars ($2,500,000.00) for the
purpose of paying the costs of acquiring, constructing, and equipping land and
additional capital improvements for the Jublic library owned and operated by the
City of Jacksonville and tle Centra Arkansas Library System. Approva slall
aut lorize t le City Counci to p edge a of t le receipts from an ad va 'orem tax evied
by the Jacksonville City Council at the millage rate of One (1.0) mill on the dollar of
the assessed value of all real and Jersonal Jro Jerty subject to taxation in the City,
and said tax shall expire upon payment in full of the principal of and interest on the
bonds and all fees and expenses in connection therewith.
Vote on measure JY placing an "X" in tle square opposite the measure either
for or against:
FOR the levy of the library tax at the rate of One (1.0) mill on real and
persona pro Jerty within t le City of Jacksonvil e, Ar <ansas, to Je
pledged to an issue or issues of bonds not to exceed Two Million Five
Hundred Thousand Dollars ($2,500,000) in the aggregate principal
amount to finance t le acquiring, constructing, anc equipping of land
and additiona capita improvements for a PU-) ic city -i Jrary owned
and operated JY t le City of Jac <sonvi Ie and t le Central Arkansas
Library System and to authorize the issuance of the bonds on such
terms and conditions as s lall be a Jproved by the
City. . . . . . . . . . . . . . . . . . . . . " . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . " . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
OOOO~7?
ORDINANCE NO. 1254 (#16 - 05)
PAGE THREE
AGAIN~ I tle evy of tle i Jrary tax at the rate of One (1.0) mill on
real and persona property wit 1in t le City of Jac <sonvi e, Ar <ansas,
to be pledged to an issue or issues of Jonds not to exceed Two Mi ion
Five Hundred Thousand Dollars ($2,500,000) in the aggregate
principal amount to finance t le acquiring, constructing and equip Jing
of land and additional capital improvements for pu J ic city library
owned and operated by the City of Jacksonville and the Central
Ar <ansas Li Jrary System and to aut lorize the issuance of the bonds
on suc 1 terms and conditions as s 1a Je approved JY t le
City. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SECTION THREE: A co JY of t lis Ordinance shall be given to the Pulaski
County Board of Elections Commission so t lat the necessary election officials and
supp ies may be provided.
SECTION FOUR: T le City C er < is aut lorized and directed to give notice
of the election as required by law.
SECTION FIVE: The specia e ection s la Je held and conducted and the
vote canvassed and the results declared under the law and in the manner now
provided for specia elections, unless otherwise provided in the Amendments and
Act No. 920. On y qua ified e ectors of the City s lall have the right to vote on the
question.
SECTION SIX: The results of the election shall be certified by the Election
Commissioners and proc aimed by the Mayor, anc his Proclamation shall be
published one time in a newspaper having genera circulation in the City. The
Proc amation s la advise that the results, as proclaimed, shall be conclusive unless
suit cha enging tle resu ts is fi ed in tle Circuit Court of Pulaski County within Thirty
(30) days after the date of publication.
SECTION SEVEN: The Mayor and City Clerk, for and on behalf of the City,
be and they are 1ereby aut lorized and directed to do any and all things necessary
to call and hold the Special Election as herein provided and, if the issuance of the
Bonds is approved by the electors, to cause the Tax to be collected in accordance
witl tle Constitutional Amenc ments anc Act 920 of 1993 and to perform all acts of
whatever nature necessary to carry out t le aut lority conferred by t lis Ordinance.
SECTION EIGHT: All ordinances and Jarts thereof in conflict herewith are
lere JY repealed to t le extent of such conflict.
SECTION NINE: EMERGENCY. It is hereby ascertained and declared tlat
t lere is an immec iate need for t le City to fund the acquisition, construction, and
equipping of and and additiona capita improvements for t 1e City's pu Jlic Ii Jrary
which can be accomplis led wit 1 the evy of tle proposed One (1) mi ad va orem
OOOO~78
ORDINANCE NO. 1254 (#16 - 05)
PAGE FOUR
tax. Time is of t le essence to pace t le question Jefore t le voters at a Specia
E ection ca ec for Tuesday, July 5, 2005. It is, t lerefore, c ec ared t lat an
emergency exists, and this Ordinance, being necessary for the immediate
preservation of pu Jlic peace, lea t 1, anc safety, s la Je in fu I force and ta <e effect
immediately from and after its passage.
Lll Y OF JACKSONVILLE, ARKANSAS
1 r
h~
, MAYOR
) '" _. \ '.\\ ..)J
~\)~
SUS~A VII 1,61 '( CLERK
A I I E~ I :
OOOO~79
CERTIFICATE
~ I A II: OF ARKANSAS )
COUNTY OF PULASKI )
Cll Y OF JACKSONVILLE )
I, Susan Davitt, City Clerk within and for the aforesaid City, do lereby certify
tlat tle foregoing is a true anc correct copy of Ordinance No. 1254 (#16-05) of tle
Ordinances of t le City of Jac <sonvi e, Ar <ansas, entit ed: QUE~ lION OF LEVYING
AN ANNUAL AD VALOREM TAX LEVY AT I HE RATE OF ONE (1.0) MILL FOR THE
ACQUISll ION, CONSTRUe lION, AND EQUIPPING OF LAND AND CAPll AL
IMPROVEMENTS FOR THE Cll VIS PUBLIC LIBRARY, WHICH TAX WILL EXPIRE
UPON PAYMEN I IN FULL OF BONDS TO WHICH 11 IS PLEDGED; SAID AD VALOREM
TAX TO BE PLEDGED TO AN ISSUE OR ISSUES OF BONDS OF THE Cll Y OF
JACKSONVILLE, ARKANSAS, ISSUED UNDER AMENDMENTS NOS. 30 AND 72 TO
I HE CON~ 111 U lION OF THE ~ I A I t: OF ARKANSAS AND AL I 920 OF 1993, NOT TO
EXCEED $2,500,000 IN AGGREGA II: PRINCIPAL AMOUNT TO FINANCE I HE CO~ I
OF ACQUIRING, CON~ I KUt lING, AND EQUIPPING LAND AND ADDIIIONAL
CAPll AL IMPROVEMENTS FOR I HE PUBLIC III Y LIBRARY OPERATED BY I HE Lll Y
OF JACKSONVILLE AND THE CENTRAL ARKANSAS LIBRARY SY~ I EM; PRESCRIBING
OTHER MA I I ERS PERTAINING I HERt: I 0; AND, DECLARING AN EMERGENCY,
passec )y t le City Counci of t le City on Jac <sonvi e, Ar <ansas, on May 19, 2005,
said Ordinance now appearing of record in t lis office.
\. IN WI I NESS WHEREOF, I have hereunto set my hand and seal of office on
this tqLrt day of May, 2005. ... < -;. .~
susan)}~~itY CI rF
C~f Jacksonvill ,Arkansas