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0814 '7C' ..:::;::7" yl ORDINANCE NO. 814 (#5-86) AN ORDINANCE SUBMITTING THE QUESTION OF LEVYING AN ADDITIONAL ANNUAL TAX OF ONE-HALF MILL UPON THE ASSESSED VALUE OF THE REAL AND PERSONAL PROPERTY WITHIN THE CITY OF JACKSONVILLE FOR THE PURPOSE OF THE POLICEMEN'S PENSION AND RELIEF FUND TO THE QUALIFIED VOTERS OF THE CITY AT THE SPECIAL SCHOOL BOARD ELECTION ON MARCH 11, 1986; AND FOR OTHER PURPOSES. WHEREAS, the City of Jacksonville, Arkansas, is a city of the first class and is authorized by state statute to levy an annual tax of one mill upon the assessed value of all real and personal property within such city for the purpose of providing funding for the policemen's retirement and pension fund; and WHEREAS, at the present time an annual tax of one-half mill is being levied and such assessment is not sufficient to provide for an actuarily sound and judiciously administered pension fund for securing and retaining the services of a most faithful and efficient class of individuals connected with the police depart- ment a municipal service in which every property owner and resi- dent of this City is vitally interested; and WHEREAS, Jacksonville is one of the few municipalities which is not presently levying a one mill tax to provide for the benefit of the policemen's pension fund; and WHEREAS, it is the opinion of the City Council of the City of Jacksonville, that it is for the best interest of the City of Jacksonville, Arkansas, that the police department retirement and pension fund be actuarily sound and judiciously administered. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS THAT: SECTION 1: There shall be submitted to the qualified elec- tors of the City of Jacksonville, Arkansas, at the special school board election to be held on March 11, 1986, the question of the levy of an additional annual tax of one-half mill upon the assessed value of all real and personal property within the City of Jacksonville for the purpose of providing funding for the policemen's retirement and pension fund. SECTION 2: The ballot title shall appear as follows: "The Question of Levying an (additional) annual tax of one-half mill upon the Assessed Value of the Real and Personal Property within the City and for the Pur- pose of the POLICEMEN'S PENSION AND RELIEF FUND." SECTION 3: The question shall be placed on the ballot in substantially the following form: "Vote on measure by placing an 'X' in the square beside the measure either for or against: "FOR LEVYING AN ADDITIONAL ANNUAL TAX OF ONE-HALF MILL FOR THE POLICEMEN'S PENSION AND RELIEF FUND ,NOT TO EXCEED A TOTAL OF ONE MILL. . "AGAINST LEVYING AN ADDITIONAL ANNUAL TAX OF ONE-HALF MILL FOR THE POLICEMEN'S PENSION AND RELIEF FUND" NOT TO EXCEED A TOTAL OF ONE MILL. . ~~) ORDINANCE NO. 814 (#5-86) PAGE 2 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, so far as the same is applicable, and the Clerk of the City is hereby authorized and directed to give notice of such election by an advertisement published not less than ten (10) days prior to the election in a newspaper published in the City, and having a bona fide cir- culation therein, the last publication to be not less than ten days prior to the date of the election, and only qualified voters of the City shall have the right to vote at said election on said question. SECTION 5: The results of the election shall be proclaimed by the Mayor and his Proclamation shall be published one time in a newspaper published in the City and having a bona fide cir- culation therein, which Proclamation shall advise that the results as proclaimed shall be conclusive unless attacked in the courts within thirty (30) days after the date of such 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. SECTION 7: This Ordinance shall take effect on and after the date of its adoption, approval and passage. APPROVED THIS 16th DAY OF JANUARY , 1986. CITY OF JACKSONVILLE, ARKANSAS 1Z< By: .. 4. ames G. Reid ~ ATTEST: ~A, .. , LUL~. LEONARD,~Y CLERK APPROVE AS TO FORM: I~ ;;~ ~ K~rH VAUGflAN'L7~ITY ATTORNEY