0206 ORDINANCE NO. 4 41 1 164,___
AN ORDINANCE FOR THE PURPOSE OF LEVYING FIVE MILLS, ONE -HALF
MILL, ONE -HALF MILL, AND FIVE MILLS, TOTALING ELEVEN MILLS
TAX AGAINST PERSONAL AND REAL PROPERTY WITHIN THE CORPORATE
LIMITS OF THE CITY OF JACKSONVILLE, ARKANSAS; FOR THE PURPOSE
OF SUSPENDING THREE AND ONE -HALF MILLS TAX FOR INDUSTRIAL
DEVELOPMENT BONDS FOR THE YEAR 1968; FOR THE PURPOSE OF EFFECT-
ING CERTIFICATION TO THE COUNTY CLERK OF PULASKI COUNTY OF THE
TAX LEVIED; PRESCRIBING 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 1969; 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;
was
and an election /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 1969; 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 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
the taxes collected in the year 1969; and
WHEREAS, Ordinance No. 179, dated August 18, 1965, was passed
by the City Council of the City authorizing the issuance of
Industrial Development Bonds, under Amendment No. 49 of the Con-
stitution of the State of Arkansas, levying a tax sufficient to
pay the principal of and interest on these Industrial Development
Bonds; and finding that a levy of three and one -half (3 -1/2) mil'b
would be sufficient to pay those sums; and, whereas, it will not
be necessary to levy any tax upon the rdal and personal property
Page Two
assessed during the year 1968 and to be collected during the
year 1969 for the payment of these Industrial Development Bonds;
and
WHEREAS, Ordinance No. 196, dated November 2, 1967, was
passed by the City Council of the City and called for a special
election to determine the question of issuing bonds (called
"Combined Bonds ") for the purpose of the acquisition of a site
for and the construction and equipment of a city library, for
the acquisition of a site for and the construction and equipment
of buildings for the housing of fire fighting apparatus, for the
purchase of fire fighting apparatus, for purchasing and improving
a city park (including the construction and equipment of a commu-
nity recreational center and swimming pool, with appropriate fix-
tures and appurtenances), and for the refunding of the hospital
bonds; and an election was subsequently held at which the quali-
fied electors of the City voted in favor of that tax to be collected
with the taxes collected in the year 1969; and
WHEREAS, it is necessary, in order to pay the Combined Bonds,
with interest thereon, to levy, upon all real and personal pro-
perty within the City, a special tax of five (5) mills, in lieu
of the tax to pay the hospital bonds.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF JACKSONVILLE, ARKANSAS:
Section 1. That a tax of eleven (11) 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 1969 for the
purpose of general revenues, the Combined Bonds, establishing and
funding Firemen's Relief and Pension Fund, and establishing and
funding Policemen's Pension and Relief Fund.
Section 2. That the tax of three and one-half (3 -1/2) malls
on each dollar of 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
Page Three
tax is suspended for the year 1968 and shall not be collected
in the year 1969.
Section 3. That a certified copy of this Ordinance be de-
livered by the City Clerk of the City of Jacksonville, Arkansas,
to the County Clerk of Pulaski County, Arkansas, those duty it
shall be to extend said eleven (11) mills tax against all real
and personal property assessments made against properties within
the corporate limits of the City of Jacksonville, Arkansas.
Section 4. 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 ex-
tended on the tax book of Pulaski County for collection in the
year 1969. It is, therefore, declared that an emergency exists
and this Ordinance shall be in force and take effect immediately
upon its passage. �
PASSED: ;% �rs / .2 2 , 1968.
APPROVED:
ATTEST: ;! h ✓. /44. /
✓ Mayor
City C' er