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RESOLUTION NO.
A RESOLUTION ENCOURAGING THE CONGRESS OF
THE UNITED STATES OF AMERICA TO RETAIN THE
TAX EXEMPTION STATUS OF MUNICIPAL BONDS .
AND FOR OTHER PURPOSES .
WHEREAS, strong Congressional attacks are being made on
municipal bonds tax exemption at this time and
WHEREAS, the House Ways and Means Committee of Congress
has completed a series of hearings on tax reform and at present
is involved in the drafting of legislation to effectuate the
national administrationts taxation program, which bills will doubt-
less deal with municipal bond tax exemption. and
WHEREAS, the City of Little Rock desires to retain
tax exemption for municipal bonds ,
NOW, THEREFORE , BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS .
SECTION 1. The City of Little Rock, by this Resolution,
would encourage the Congress of the United States to retain tax
exemption for municipal bonds ,
SECTION 2 , The City Manager is requested to forward
a copy of this Resolution, duly certified, to the Honorable Wilbur
Mills, Congressman from this District and Chairman of the House
Ways and Means Committee so that he may be advised of the position
of the City of Little Rock
SECTION 3 This Resolution shall be in full force
and effect from and after its adoption,
ADOPTED: May 19, 1969
/ �:%, /�>
ATTEST: ` �
APPROVED: V
Actin City Clerk _yor