1028
S2
ORDINANCE NO. 1028 (#11-94)
AN ORDINANCE PROVIDING FOR THE SUBMISSION TO THE QUALIFIED
VOTERS OF THE CITY OF JACKSONVILLE, ARKANSAS, THE QUESTION OF
INCREASING THE LEVY OF AN ANNUAL TAX SO AS NOT TO EXCEED ONE
MILL ON THE ASSESSED VALUE OF THE REAL AND PERSONAL PROPERTY
WITHIN THE CITY OF JACKSONVILLE FOR THE PURPOSE OF PAYING
PENSIONS TO RETIRED FIREMEN AND PENSIONS TO WIDOWS AND/OR
MINOR CHILDREN OF DECEASED AND/OR RETIRED FIREMEN; DECLARING
AN EMERGENCY; AND, FOR OTHER PURPOSES.
----~----~--~~-~-~--~~------~--~----~---~-----~--------~----~
----~----~-----~~----~~----~--~~---~~--~--~~----~~-~--~~----~
WHEREAS, the City of Jacksonville, Arkansas, is a City
of the First Class and is authorized by Amendment 31 to the
Constitution of the state of Arkansas to levy an annual tax
not to exceed one mill on the dollar upon the assessed value
of the real and personal property of said City for the
purpose of paying firemen's retirement pensions, pensions to
widows and minor children of deceased firemen; and, pensions
to widows and minor children of deceased retired firemen;
and,
WHEREAS, the current levy of .5 mill, approved by the
voters in 1962 but reduced by reevaluation to .3 by state and
County governments in 1988, does not provide sufficient
income for the Pension Fund to become actuarialy sound and
will resul t in a deficiency upon the retirement of
approximately fifty-five percent (55%) of the current members
of the plan.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF JACKSONVILLE, ARKANSAS, THAT:
SECTION ONE: There shall be submitted to the qualified
voters of the City of Jacksonville, Arkansas, at the general
election to be held on the eighth day of November, 1994, the
question of an increase to the levy of an annual tax not to
exceed one mill on the dollar upon the assessed value of the
real and personal property within the City for the purpose of
paying pensions to retired firemen, pensions to widows and
minor children of deceased firemen, and pensions to widows
and minor children of deceased retired firemen.
SECTION TWO: The ballot title shall appear as follows:
"The Question of Increasing the Levy of an Annual Tax
so as Not to Exceed One Mi lIon the Doll ar Upon the
Assessed Value of the Real and Personal Property Within
the City of Jacksonville, Arkansas, for the Purpose of
Paying Pensions to Retired Firemen, Pensions to Widows
and Minor Children of Deceased Firemen, and Pensions to
Widows and Minor Children of Deceased Retired Firemen."
"FOR INCREASE OF FIREMEN'S PENSION MILLAGE"
"AGAINST INCREASE OF FIREMEN'S PENSION MILLAGE"
SECTION THREE: In the event of approval of said
increase in tax levy by the qualified voters of the City of
Jacksonvi 11 e, Arkansas, such steps shall be taken as are
necessary to comply with the will of the citizens expressed
in said election.
SECTION FOUR: The City Clerk shall cause this Ordinance
to be published and shall file a certified copy of this
Ordinance with the County Board of Election Commissioners in
order that this issue be placed on the General Election
Ballot for November 8, 1994.
53
Ordinance 1028 (#11-94)
Page Two
SECTION FIVE: All Ordinances, or parts thereof I in
conflict with this Ordinance are hereby repealed to the
extent of that conflict.
SECTION SIX: Because conditions affecting the Firemen's
retirement pension needs are of such a timely nature, it is
hereby necessary to the health, safety, and welfare of the
citizens of Jacksonville, Arkansas, that an emergency hereby
be declared. As such, this Ordinance shall take effect
immediately upon its passage and its publication, as provided
by applicable law.
APPROVED AND ADOPTED THIS
~
DAY OF AUGUST, 1994.
(
TOMMY
,~ CA/~
M ydR'
ATTEST:
~ ,fJ LZ&RD' CPrY CLERK
(~(iJ t.{~
ROBER' E. BAMBURG(J ATTO
CERTIFICATE
The undersigned, City Clerk of the City of Jacksonville,
Arkansas, hereby certifies that the foregoing pages are true
and perfect copy of Ordinance No. 1028 (#11-94), adopted at a
regular session of the City Council of the City of
Jacksonville, Arkansas, held at the regular meeting place in
the City at seven o'clock p.m., on the ,~~ day of
August, 1994, and that the Ordinance is of record in
Ordinance Book No. 10 at Page 5""2 ,.53 I now in my
possession.
GIVEN under my hand and seal on this
August, 1994.
$-tJ.,
day of
i~L~~R~~