12846r ,
ORDINANCE NO. 12,846
AN ORDINANCE ESTABLISHING THE RATE OF TAXATION
OF PROPERTY FOR CITY PURPOSES FOR THE YEAR 1973
FOR VARIOUS FUNDS OF THE CITY OF LITTLE ROCK;
DECLARING AN EMERGENCY; AND FOR OTHER PURPOSES
BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE
ROCK, ARKANSAS.
SECTION 1. That the rate of taxation of real and personal
property in the City of Little Rock for certain City purposes
for the year 1973 be and the same is hereby fixed and 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 for the City
of Little Rock Airport Improvement Bonds, issued on February
1, 1968, a tax of one and twenty -five one hundredths (1.25)
mills.
For the purpose of paying bonds and interest as may be re-
quired for the City of Little Rock, Arkansas, Refunding and
Capital Improvement Bonds approved at a special election held
on September 14, 1965, a tax of Three and Seventy -five one
hundredths, (3.75) mills.
For the purpose of paying Policemen's Pensions in accordance
with the provisions of Amendment No. 31 to the Constitution
of the State of Arkansas, a tax of One (1) mill.
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 Ark-
ansas for the year 1941, a tax of one (1) mill.
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.
For the purpose of paying bonds and interest for the City of
Little Rock as may be required for General Obligations Ind-
ustrial Development Bonds, authorized under Amendment No. 49
to the Constitution of the State of Arkansas, and authorized
in an election held on May 12, 1964, a tax of One and Eighty -
five one hundredths (1.85) mills.
I
SECTION 2. 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 herein recited may be extended
on the tax books of Pulaski County and collected with the other
taxes for the year 1973.
SECTION 3. Inasmuch as the Quorum Court of Pulaski County,
Arkansas, convenes on the third Monday in November, 1973, for
the purpose of levying taxes; and, whereas, the City of Little
Rock must certify to said Quorum Court the rate of taxation
for City purposes before the date of convenement of said Quorum
Court so as not to endanger health, lives and property of the
citizens of Little Rock; now, therefore, an emergency is hereby
declared to exist and this Ordinance being necessary for the
preservation of public peace, health and safety shall be in full
force and effect from and after its passage and approval.
PASSED: Octoher 2, 1973
ATTEST: R/Y1.C-
C ty Clerk
APPROVED:
Mayor
-2-