0757
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ORDINANCE NO.
757
AN ORDINANCE FOR THE PURPOSE OF LEVYING FIVE MILLS, ONE-HALF MILL
AND ONE-HALF MILL TOTALING SIX MILLS AGAINST PERSONAL AND REAL
PROPERTY WITHIN THE CORPORATE LIMITS OF THE CITY OF JACKSONVILLE,
ARKANSAS; FOR THE PURPOSE OF LEVYING A TAX SUFFICIENT TO PAY THE
PRINCIPAL AND INTEREST ON GENERAL OBLIGATION IMPROVEMENT BONDS OF
THE CITY OF JACKSONVILLE, ARKANSAS; FOR THE PURPOSE OF SUSPENDING
THREE AND ONE-HALF MILLS TAX FOR INDUSTRIAL DEVELOPMENT BONDS FOR
THE YEAR 1985; FOR THE PURPOSE OF EFFECTING CERTIFICATION OF THE
COUNTY CLERK OF PULASKI COUNTY OF THE TAX LEVIED; PRESCRIBED
OTHER MATTERS PERTAINING THERETO; AND DECLARING AN EMERGENCY.
WHEREAS, it is necessary to meet current obligations and
expenses of the City of Jacksonville, Arkansas (called "City"),
to levy upon all real and personal property within the City, a
tax of five (5) mills to be collected with the taxes collected in
the year 1985; and,
WHEREAS, Ordinance No. 172, dated May 19, 1966, was passed
by the City Council of the City and called for a special election
to determine the question of levying a tax of one-half (1/2) mill
on all real and personal property within the City for the purpose
of establishing and funding a Firemen's Relief and Pension fund;
and an election was subsequently held at which the qualified
electors of the City voted in favor of that tax to be collected
with the taxes collected in the year 1985; and,
WHEREAS, Ordinance No. 172, dated May 19, 1966, was passed
by the City Council of the City, and called for a special elec-
tion to determine the question of levying a tax of one-half (1/2)
mill on all real and personal property within the City for the
purpose of establishing and funding a Policemen's Pension and
Relief Fund; and an election was subsequently held at which the
qualified electors of the City voted in favor of that tax to be
collected with taxes collected in 1985; and,
WHEREAS, Ordinance No. 179, dated August 25, 1966, was
passed by the City Council of the City authorizing the issuance of
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Industrial Development Bonds, under Amendment No. 49 of the
Constitution of the State of Arkansas, levying a tax sufficient
to pay the principal of and interest on these Industrial Develop-
ment Bonds; and finding that a levy of three and one-half (3 1/2)
mills would be sufficient to pay these sums; and, whereas, it
will not be necessary to levy and tax upon the real and personal
property assessed during the year of 1984 and to be collected
during the year 1985 for the payment of these Industrial Develop-
ment Bonds; ~nd,
WHEREAS, the City of Jacksonville, Arkansas, has issued
Bonds under Amendment No. 13 to the Constitution of the State of
Arkansas; and,
WHEREAS, it is necessary that the City levy a tax
sufficient to pay the Bonds as they mature, with interest thereon,
in time for the tax to be collected in 1985.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
JACKSONVILLE, ARKANSAS;
SECTION 1: That a tax of six (6) mills on each dollar of
assessed valuation of all real and personal property within the
City, be and hereby is levied by the City Council of the City to
be collected with the taxes collected in the year 1985 for the
purpose of general revenues, funding Firemen's Relief and Pension
Fund, and funding policemen's Pension and Relief Fund.
SECTION 2: That the tax of three and one-half (3 1/2) mills
on each dollar assessed valuation of all real and personal
property within the City ~for the purpose of paying the principal
of and interest on Industrial Development Bonds under Amendment
No. 49 of the Constitution of the State of Arkansas, be and that
tax is suspended for the year 1984 and shall not be collected in
the year 1985.
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SECTION 3: That in order to pay the aforementioned Bonds
as they mature, with interest thereon, there is hereby levied upon
all taxable real and personal property within the City a tax of
one (1) mill on each dollar of assessed valuation; to be collected
with the taxes collected in the year 1985.
SECTION 4: That a certified copy of this Ordinance be
delivered by the City Clerk of the City of Jacksonville,
Arkansas, to the County Clerk of Pulaski County, Arkansas, whose
duty it shall be to collect said seven (7) mills tax against all
real and personal property assessments made against properties
within the corporate limits of the City of Jacksonville,
Arkansas.
SECTION 5: That it is hereby ascertained and declared to
be essential to the operation of the City, and to the health,
safety and welfare of its inhabitants, that the rate of taxation
set out above in this Ordinance be levied and certified to the
County Clerk of Pulaski County immediately, in order that it may
be extended on the tax books of Pulaski County for collection in
the year 1985. It is, therefore, declared that an emergency
exists and this Ordinance shall be in force and take effect
immediately upon its passage.
PASSED this 18th day of October, 1984.
ORDINANCE APPROv~D AND ADOPTED WITH EMERGENCY CLAUSE; EFFECTIVE
IMMEDIATELY.
CITY OF JACKSONVILLE, ARKANSAS
ATTEST:
y~ ~. /'
CIT~LERK-TREASURER
/ - 6 . 4- ~()
JAMES G. R~ID, -MA~R~
APPROV AS TO ../F6i~M :
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~i ATTORJf.EY {)
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