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ORDINANCE NO. 12,392
AN ORDINANCE ESTABLISHING THE RATE OF
TAXATION OF PROPERTY FOR CITY PURPOSES
FOR THE YEAR 1970 FOR VARIOUS FUNDS OF
THE CITY OF LITTLE ROCK; DECLARING AN
EMERGENCY; AND FOR OTHER PURPOSES.
NOW, THEREFORE, 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 1970 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, issue 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 Constitu-
tion of the State of Arkansas, and authorized in
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an election held on May 12, 1964, a tax of
One and Eighty-Five One Hundredths (1.85)
mills.
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 1970. ,
SECTION 3. Inasmuch as the Quorum Court of Pulaski
County, Arkansas, convenes on the third Monday in November, 1970,
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: October 5, 1970
ATTEST:
City Cler
APPROVED.
Assistant Mayor