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159491 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 • ORDINANCE NO. 15.949 • 419 AN ORDINANCE ESTABLISHING THE RATE OF TAXATION OF PROPERTY FOR CITY PURPOSES FOR THE YEAR 1991 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 and personal property in the City of Little Rock, Arkansas for certain City purposes 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 the acts of the General Assembly of the State of Arkansas for the year 1941, a tax of six tenths (.6) mills; v -4 a -a 1 For th wrpose of paying bonds an&'nterest as may 420 2 be required for the City of Little Rock, Arkansas, 3 refunding General Obligation Industrial Development 4 Bonds, Port Authority Project, approved at a special 5 election held on November 5, 1985, a tax of three tenths 6 (.3) mills; 7 For the purpose of maintaining the City Library, in 8 accordance with the provisions of Amendment No. 30 to the 9 Constitution of the State of Arkansas, a tax of one 10 (1) mill. 11 SECTION 2. The State Board of Equalization has notified 12 the City that it achieved equalization in 1989 under the provisions 13 of Amendment 59 to the Arkansas Constitution. 14 15 SECTION 3. The City Clerk is hereby directed to transmit 16 a certified copy of this Ordinance to the County Clerk of Pulaski 17 County to the end that the taxes recited may be extended on the tax 18 books of Pulaski County and collected with the other taxes for the 19 year 1991. 20 21 PASSED: October 16, 1990 22 23 ATTEST: APPROVED: 24 25 Qr, iYl n, s u 26 CI LERK CZECH MAY F G. "BUDDY" VILLINES tr 27 28 AP PRO E AS TO F RM: 29 30 MARK STODOLA, CITY ATTORNEY 31 32 33 34 35 36