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ORDINANCE NO. 9 1 2 (#13-89)
AN ORDINANCE CALLING A SPECIAL ELECTION IN THE CITY OF
JACKSONVILLE, ARKANSAS, FOR THE PURPOSE OF SUBMITTING TO
THE ELECTORS OF THE CITY THE QUESTIONS OF ISSUING BONDS
FOR VARIOUS CAPITAL IMPROVEMENTS; PRESCRIBING OTHER
MATTERS RELATING THERETO; AND DECLARING AN EMERGENCY
WHEREAS, the City Council of the City of Jacksonville,
Arkansas (the "City"), has determined that various needed
capital improvements, as specifically described in Section 2,
can be financed only by the issuance of bonds in the aggregate
principal amount of $710,000; and
WHEREAS, issuance of bonds for each purpose is subject
to the approval of the electors of the City; and
WHEREAS, the City Council has determined that in order
to retire the bonds it will be necessary to levy an ad va,lorem
tax on taxable property within the City at a rate of not to
exceed 0.8 mills on the dollar of the assessed value of the
property;
NOW, THEREFORE, BE IT ORDAINED by the City Council of
the City of Jacksonville, Arkansas:
SECTION 1. A special election shall be held on Novem-
ber 7, 1989. There sha,ll be submitted to the electors of the
City at the special election the questions of issuing bonds
for each of the purposes in the respective amounts specified
in Section 2. The m,ax,imum rate of the tax to retire the bonds
shall be stated on the ballot.
SECTION 2. The ballot shall be in substantially the
following form:
Vote on each question by placing an "X" in the
square opposite the question either for or
against:
Question One:
FOR the issuance of bonds in the m,aximum,
principal amount of $350,000 for the
purpose of acquiring, constructing and
equipping an air park and museum, relating to
the Little Rock Air Force Base and to
aviation, on lands of the United States Air
Force at the Little Rock Air Force Base, at
a total estimated cost of $650,000 (the
balance of the funds to be provided by
grants or donated funds). / /
AGAINST the issuance of bonds in the maximum
principal amount of $350,000 for the
purpose of acquiring, constructing and
equipping an air park and museum, relating to
the Little Rock Air Force Base and to
aviation, on lands of the United States Air
Force at the Little Rock Air Force Base, at
a total estimated cost of $650,000 (the
balance of the funds to be provided by
grants or donated funds). / /
,?I
Question Two:
FOR the issuance of bonds in the maximum
principal amount of $60,000 for the
purpose of renovation and repair of the
City's library. / /
AGAINST the issuance of bonds in the maximum
principal amount of $60,000 for the
purpose of renovation .and repair of the
City's library. / /
Question Three:
FOR the issuance of bonds in the maXlmum
principal amount of $300,000 for the purpose
of acquiring, constructing a,nd equipping
recreational facilities, including three
outdoor ball parks. / /
AGAINST the issuance of bonds in the maximum
principal amount of $300,000 for the purpose
of acquiring, constructing an,d equipping
recreational facilities, including three
outdoor ba,ll park,s. / /
The bonds that are approved will be combined
into a single issue of bonds, which may be
issued at one time or in series from time to
time. If bonds for all proposed purposes
are approved, there will be levied a con-
tinuing annual ad valorem tax on taxable
property located with the City of Jackson-
ville at a rate of not to exceed 0.8 mills
on the dollar of the assessed value of the
property. In the event that bonds for fewer
than all the proposed purposes are approved,
the rate of the ad valorem tax will be
sufficient to retire the bonds that are
approved and are issued.
SECTION 3. The City Clerk is authorized and directed
to give notice of the election by one publication in a news-
paper having general circulation within the City. The
publication shall be made not less than ten (10) days prior
to the election.
SECTION 4. The election shall be held and conducted
and the vote canvassed and the results declared under the
law and in the manner now provided for municipal elections.
SECTION 5. The Mayor shall proclaim the results of the
election by issuing a proclamation and publishing the same
one time in a newspaper having general circulation in the City.
The results as proclaimed shall be conclusive unless suit
challenging the results is filed in the Circuit Court of Pulaski
County within thirty (30) days after the publication of the
proclamation.
SECTION 6. A copy of this Ordinance shall be given to
the Pulaski County Board of Election Commissioners so that the
necessary election officials and supplies may be provided.
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SECTION 7. Subject to the approval of the electors, the
issuance of bonds for the purposes and in the amounts specified
in Section 2 is hereby authorized. The bonds shall be issued
under the authority of Amendment 62 to the Constitution of the
State of Arkansas and the Local Government Bond Act of 1985.
SECTION 8. All ordinances and parts thereof in conflict
herewith are hereby repealed to the extent of such conflict.
SECTION 9. It is hereby ascertained and declared that
there is an immediate need for the capital improvements
described in this Ordinance in order to promote and protect
the health, safety, and welfare of the City and its inhabitants
and that the improvements can be accomplished only by the
issuance of the bonds. It is, therefore, declared that an
emergency exists and this Ordinance being necessary for the
immediate preservation of public peace, health and safety shall
be in force and take effect immediately from and after its
passage.
APPROVED AND ADOPTED THIS 21,6t DAY OF SEPTEMBER
1989.
CITY OF JACKSONVILLE, ARKANSAS
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BY: ~ ~\ ".J~~ ..
TOMMY SWAIMj MAYOR
ATTEST:
~a) ~'~dMl)
LU~ M. LEONARD ;'-CITY CLE'RK
TO FORM:
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VAUGHAN, CIT