0507 ORDINANCE NO. 5 0 7
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 SEVERAL OBLI-
GATION 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 1979; FOR THE
PURPOSE OF EFFECTING CERTIFICATION OF 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 1979; 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 (k) 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 elec-
tors of the City voted in favor of that tax to be collected with
the taxes collected in the year 1979; 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 (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 1979; and,
WHEREAS, Ordinance No. 179, dated August 25, 1966, was passed
by the City Council of the City authorizing the issuance of
Industrial Development Bonds, under Amendment No. 49 of the
ORDINANCE NO. 5 0 7 PAGE 2.
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 (31/2)
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 1978 and to be collected during the year
1979 for the payment of these Industrial Development Bonds; and,
WHEREAS, the City of Jacksonville, Arkansas, proposes to
issue 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 1979.
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 th
City, be and hereby is levied by the City Council of the City to
be collected with the taxes collected in the year 1979 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) 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 1978 and shall not be collected in the
year 1979.
SECTION 3, That in order to pay the aforementioned Bonds
as they mature, with interest thereon, there is hereby levied upon
ORDINANCE NO. 5 0 PAGE 3.
all taxable real and personal property within the City a tax of
21/2 mills on each dollar of assessed valuation, to be collected
with the taxes collected in the year 1979.
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 extend said eight and one -half (8i) 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 1979. It is, therefore, declared that an emergency exists
and this Ordinance shall be in force and take effect immediately
upon its passage.
7th September
PASSED this day of , 1978.
CITY OF JACKSONVILLE, ARKANSAS
2/ .1".---117'4( 4C17
MA OR
ATTEST:
y r/
2 CITY CLERK
APPROVED AS TO FORM:
Ponall C. Mills,
City Attorney
C E R T I F I C A T E
I, Floy Avants, City Clerk of Jacksonville, Arkansas, hereby
certify that the foregoing pages are a true and compared copy of
Ordinance Number 507 adopted at a Regular ^ession of the City Council
of Jacksonville, Arkansas, held at the regular meeting place of the
Council in the City of Jacksonville, at 7:00 F . M., on the r day of
51 9 d:. 1978, and that the Ordinance is of record in
Ordinance Record Book No. 2 at page ; , now in my possession.
_
GIVEN under my hand and seal this day of 1978.
Floy Avants
CITY CtERK OP JACKSONVILLE, ARKANSAS
(SEAL)
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