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ORDINANCE NO. 15,760
AN ORDINANCE ESTABLISHING THE RATE
OF TAXATION OF PROPERTY FOR CITY
PURPOSES FOR THE YEAR 1990 FOR
VARIOUS FUNDS OF THE CITY OF LITTLE
ROCK.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1: The rate of taxation on real property in the
City of Little Rock, Arkansas, for certain City purposes
computed in accordance with the roll back provisions of
Amendment 59, are hereby fixed, established and levied as
follows:
__For general _purposes-in _order to carry on the
affairs of the City Government under Section 4,
Article 12 of and Amendment 10 to the
Constitution of Arkansas of 1874, there is hereby
levied a tax of five (5) mills;
For the purpose of paying bonds and interest
as may be required for the City of Little Rock,
Arkansas, for Capital Improvement Bonds, approved
at a special election held on October 13, 1987,
there is hereby levied a tax of three and Four
Hundred Thirty -Four Thousandths (3.434) mills;
For the purpose of paying Policemen's
Pensions in accordance with provisions of
Amendment No. 31 to the Constitution of the State
of Arkansas, a tax of six tenths (.6) mills;
For the purpose of paying Firemen's Pensions,
in accordance with the provisions of Amendment
No. 31 to the Constitution of the State of
Arkansas adopted November 5, 1940, and Act 16 of
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the acts of the General Assembly of the State of
Arkansas for the year 1941, a tax of six tenths
(.6) mills;
For the purpose of paying bonds and interest
as may be required for the City of Little Rock,
Arkansas, refunding General Obligation Industrial
Development Bonds, Port Authority Project,
approved at a special election held on November
5, 1985, a tax of three tenths (.3) mills;
For the purpose of maintaining the City
Library, in accordance with the provisions of
Amendment No. 30 to the Constitution of the State
of Arkansas, a tax of one (1) mill.
SECTION 2: The amounts of the interim levies of personal
property taxes for the items referred to in Section 1 will be
the amounts deemed appropriate, pursuant to Amendment 59, by the
Arkansas Assessment Coordination Division and the Pulaski County
Collector.
SECTION 3: The City Clerk is hereby directed to transmit
a certified copy of this Ordinance to the County Clerk of
Pulaski County to the end that the taxes recited may be extended
on the tax books of Pulaski County and collected with the other
taxes for the year 1990.
PASSED: October 3, 1989
ATTEST: APPROVED:
1450 -4W
APPROVED S TO FOIi.
MARK STODOLA, CITY ATTRONEY
V /XXI,..t11�C1
MAYOR FL YD G. "BUDDYIN VILLINES
362