12713r ,
ORDINANCE NO. 12,713
AN ORDINANCE ESTABLISHING THE RATE OF
TAXATION OF PROPERTY FOR CITY PURPOSES
FOR THE YEAR 1972 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 1972 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 required 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 Arkansas 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 Obligation Industrial 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.
A-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 1972.
SECTION 3. Inasmuch as the Quorum Court of Pulaski County,
Arkansas, convenes on the third Monday in November, 1972, 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 17, 19-72
ATTEST: APPROVED:
A'�Y
City Clerk May
-2-