12737ORDINANCE NO. 12,737
AN ORDINANCE APPROPRIATING 50% OF THE FUNDS
RECEIVED FROM ACT 9 INDUSTRIES TO CERTAIN
TAXING ENTITIES DURING THE YEAR 1973; AND
FOR OTHER PURPOSES
WHEREAS, in accordance with Act 9 of the General Assembly
of the State of Arkansas dated January 21, 1960, the City of
Little Rock receives certain monies from a number of industries
as payment to the City in lieu of taxes; and
WHEREAS, the City of Little Rock has agreed that 50% of these
said monies to be collected during the year 1973 would be given
to certain other taxing entities.
NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS.
SECTION 1. Upon receipt of payment of Act 9 funds, the City
Manager and Director of Finance are hereby authorized and directed
to transfer 50% of the monies so received during the year 1973
from the industries set out below to the taxing entities also set
out below with the amounts to be transferred and distributed pro
rata according to the current millage for that particular taxing
entity:
INDUSTRY
Jacuzzi
A. 0. Smith
Strickland Transportation
Armstrong Rubber Co.
1973 Payments Little Rock
TOTAL 50%
$ 5,000.00 $ 2,500.00
10,000.00
12,000.00
5,000.00
6,000.00
Pulaski Pulaski
Schools County
55 mills 6k mills
$2,236.00 $ 264.00
4,472.00 528.00
5,366.00 634.00
30,870.00 15,435.00 13,804.00 1631.00
Eastern Associated Terminals 12,500.00 6,250.00 5,589.00 661.00
Merico Company 21,000.00 10,500.00 9,390.00 1110.00
TOTALS $91,370.00 $45,685.00 $40,857.00 $4828.00
SECTION 2. This Ordinance shall be in full force and effect
from and after its passage.
Passed: January 16, 1973
Attest:
Clerk
APPROVED: G�
Mayor