5511(LEVYING TAX - NEGRO RECREATION PARK)
ORDINANCE N0. 5511
AN ORDINANCE LEVYING A TAX FOR THE
PAYMENT OF PRINCIPAL AND INTEREST OF
A BOND ISJTE OF $15,000.00 FOR THE
PURPOSE OF PAYING PART OF CONS`1'RUCTION
AND EQUIPMENT COST OF AND FOR THE
PURCHASE CP A PARK TO BE USED AS A
NEGRO RECREATION PARK.
uTHEREAS by Ordinance No. 5398 eleventh
passed on the /tom
day of December 1936 the Council of The City of Little Rock
submitted to the qualified electors of the said City the question
of whether or not the City should issue bonds in the amount of
X15,000.00 for the purpose of paying part of construction and
equipment cost of and for the purchase of a Park to be used as a
Negro Recreation Park.
Whereas, said election was duly and lawfully held and
conducted on the 26th day of January, 1937, after proper notice
thereof given and published for the time and in the manner re-
quired by law, at which election 1588 qualified electors voted
in favor of the issuance of such bonds, and 442 qualified
electors voted against the issuance of such bonds.
NOW, THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF ThE
CITY OF LITTLE ROCK ARKANSAS:
Section 1. In order to pay the principal and interest on
the bond issue of X15,000900 authorized at a special election
held in the City of Little Rock on the 26th day of January, 1937,
for the purpose of paying part of construction and equipment cost
of and for the purchase of a Park to be used as a Negro Recreation
Park, there is hereby levied upon all the real and personal property
within the said City a special tax of 605 mills upon each dollar
of assessed valuation thereof for each of the years 1937 to 19610
inclusive, being a sum sufficient to pay said bonds and interest
as they mature, with a reasonable amount added for unforseen con-
tingencies, said tax to be collected starting in the calendar year
1937.
(LEVYING TAX - NEGRO RECREATION VARY)
erection 2. The City Clerk is directed to transmit
a copy of this ordinance to the County Clerk of Pulaski County
to the and that said taxes may be extended on the taxbooks of
said county and collected annually along with the other taxes
until the said bonds and interest thereon are paid in full.
Section 3, It is ascertained and declared that by reason
of the present economic conditions many citizens of the City
are out of work,, and the improvements herein provided would
furnish wort for a large number of persons and thereby add to
the peace and happiness of the City; further, that the lack
of a Negro Recreation Park endangers the peace, health and safety
of the residents of said City. It is, therefore, declared
that an emergency exists, that this ordinance is necessary for
the immediate preservation of the public peace, health and
safety, and that this ordinance shall tame effect and be in force
from and after its passage.
PASSED; October 29, 1937
AffReVEB :
NONE.
Approve 'C
Mayor
ATTEST:
3� Cleric
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