1041
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ORDINANCE NO. 1041 (15-95)
AN ORDINANCE PROVIDING FOR THE SUBMISSION TO THE QUALIFIED
VOTERS OF THE CITY OF JACKSONVILLE1 ARKANSAS I THE QUESTION OF
INCREASING THE LEVY OF AN ANNUAL TAX SO AS NOT TO EXCEED
SEVEN TENTHS OF ONE MILL ON THE ASSESSED VALUE OF THE REAL
AND PERSONAL PROPERTY WITHIN THE CITY OF JACKSONVILLE FOR THE
PURPOSE OF PAYING PENSIONS TO WIDOWS AND/OR MINOR CHILDREN OF
DECEASED AND/OR DECEASED RETIRED FIREMEN AND TO RETIRED
FIREMEN AND INCREASING THE LEVY OF AN ANNUAL TAX SO AS NOT TO
EXCEED SEVEN TENTHS OF ONE MILL ON THE ASSESSED VALUE OF THE
REAL AND PERSONAL PROPERTY WITHIN THE CITY OF JACKSONVILLE
FOR THE PURPOSE OF PAYING PENSIONS TO WIDOWS AND/OR MINOR
CHILDREN OF DECEASED AND/OR DECEASED RETIRED POLICEMEN AND TO
RETIRED POLICEMEN; DECLARING AN EMERGENCY; AND I FOR OTHER
PURPOSES.
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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 real and personal property in said City for the purpose of
paying pensi ons to widows and minor chi 1 dren of deceased
firemen; and, pensions to widows and minor children of
deceased retired firemen; and pensions to retired firemen;
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 real and personal property in said City for the purpose of
paying pensions to widows and minor children of deceased
policemen; and, pensions to widows and minor children of
deceased retired policemen; and pensions to retired
policemen;
WHEREAS, the current levy of .5 mill for each Plan,
approved by the voters in 1962 but reduced by reevaluation to
.3 mi 11 for each Pl an by state and County governments in
1988, fails to provide sufficient income for the Pension
Funds to become actuarialy sound. Insufficient funding will
resul t in a deficiency upon the retirement of addi tional
members of the Plans, with the Firemen's Plan currently at
Forty-four Percent (44%) retired members and the Policemen's
Plan currently at Fifty-two Percent (52%) retired members.
NOW1 THEREFORE I BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF JACKSONVILLE1 ARKANSAS I THAT:
SECTION ONE: There shall be submitted to the qualified
voters of the Ci ty of Jacksonvi 11 e / Arkansas, at a special
el ection to be held on Thursday, the eighth day of June,
1995, the question of an increase to the levy of an annual
tax not to exceed seven tenths of one mill on the dollar upon
the assessed value of real and personal property within the
City for the purpose of paying pensions to widows and minor
children of deceased policemen, pensions to widows and minor
children of deceased retired policemen, and pensions to
retired policemen.
SECTION TWO: There shall be submitted to the qualified
voters of the City of Jacksonville, Arkansas, at a special
72..
Ordinance 1041 (15-95)
April ~~, 1995
Page Two
election to be held on Thursday, the eighth day of June,
1995, the question of an increase to the levy of an annual
tax not to exceed seven tenths of one mill on the dollar upon
the assessed value of real and personal property within the
City for the purpose of paying pensions to widows and minor
children of deceased firemen, pensions to widows and minor
children of deceased retired firemen, and pensions to retired
firemen.
SECTION THREE:
follows:
The ballot titles shall appear as
"The Question of Increasing the Levy of an Annual Tax
for the Purpose of Paying Pensions to Widows and Minor
Children of Deceased Firemen Pensions to Widows and
Minor Children of Deceased Retired Firemen, and Pensions
to Retired Firemen, so as not to Exceed One Millon the
Doll ar upon the Assessed Val ue of Real and Personal
Property Within the City of Jacksonville, Arkansas."
"FOR INCREASE OF FIREMEN'S PENSION MILLAGE"
"AGAINST INCREASE OF FIREMEN'S PENSION MILLAGE"
"The Question of Increasing the Levy of an Annual Tax
for the Purpose of Paying Pensions to Widows and Minor
Children of Deceased Policemen, Pensions to Widows and
Minor Children of Deceased Retired Policemen, and
Pensions to Retired Policemen, so as not to Exceed One
Millon the Dollar upon the Assessed Value of Real and
Personal Property Within the City of Jacksonville,
Arkansas."
"FOR INCREASE OF POLICEMEN'S PENSION MILLAGE"
"AGAINST INCREASE OF POLICEMEN'S PENSION MILLAGE"
SECTION FOUR: In the event of approval of said increase
in tax levy by the qualified voters of the City of
Jacksonvi II e I Arkansas, such steps shall be taken as are
necessary to comply with the will of the citizens expressed
in said election.
SECTION FIVE: 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 Special Election
Ballot for Thursday, June 8, 1995.
SECTION SIX: All Ordinances or
conflict with this Ordinance are hereby
extent of that conflict.
parts thereof
repealed to
in
the
SECTION SEVEN: Because condi tions affecting the
Policemen's and Firemen's pensions needs are of such a timely
nature, it is hereby necessary to the heal th, safety I and
wel fare of the ci ti zens of Jacksonvi 11 e, Arkansas , that an
emergency hereby be declared. As such, this Ordinance shall
73
Ordinance No. 1041 (15-95)
Apri 1 (,-Ift, 1995
Page Three
take effect immediately upon its passage and its publication,
as provided by applicable law.
APPROVED AND ADOPTED THIS
~-fI,
DAY OF APRIL, 1995.
ATTEST:
~-
YOR~
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~ ~. ~-<~)
~ LEONARD~CITY CLERK
r;(JJ(,~~
ROBER'E. BAM~, CI~Y ATTfRNE~,
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,,,,,,..c.
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. 1041 (#5-95), adopted at a
regular session of the City Council of the City of
Jacksonville, Arkansas, held at the regularLmeeting place in
the City at seven o'clock p.m. I on the tp--f_" day of April,
1995/ and that the Ordinance is of record in Ordinance Book
No. /0 / at Page 7/--73 / now in my possession.
GIVEN under my hand and seal on this /O~~ day of April,
1995.
VA ~.~
~ LEONARDYCITY CLERK