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ORDINANCE NO. 16,111
M M M M M
AN ORDINANCE ESTABLISHING THE RATE
OF TAXATION OF PROPERTY FOR CITY
PURPOSES FOR THE YEAR 1992 FOR
VARIOUS FUNDS OF THE CITY OF LITTLE
ROCK.
401
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The rate of taxation on real and personal
property in the City of Little Rock, Arkansas for certain City
purposes are hereby fixed, 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 as may
be required for the City of Little Rock, Arkansas, for
Capital Improvement Bonds, approved at a special election
held on October 13, 1987, there is hereby levied a tax of
three and four hundred thirty -four thousandths (3.434)
mills;
For the purpose of paying Policemen's Pensions in
accordance with provisions of Amendment No. 31 to the
Constitution of the State of Arkansas, a tax of six
tenths (.6) mills;
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 six
tenths (.6) mills;
osi- --
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For the purpose of paying bonds and interest as may
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be required for the City of Little Rock, Arkansas,
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refunding General Obligation Industrial Development
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Bonds, Port Authority Project, approved at a special
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election held on November 5, 1985, a tax of three tenths
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7 (.3) mills;
8 For the purpose of maintaining the City Library, in
9 accordance with the provisions of Amendment No. 30 to the
10 Constitution of the State of Arkansas, a tax of one
11 (1) mill.
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SECTION 2. Since the City achieved equalization in 1989
under the provisions of Amendment 59 to the Arkansas Constitution,
the tax rates are the same for both real and personal property.
SECTION 3. 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 recited may be extended on the tax
books of Pulaski County and collected with the other taxes for the
year 1992-
PASSED: October 15, 1991
ATTEST:
CITY CLERK ROBBIE HANCOCK
APPROVED AS TO FORM:
THOMAS M. CARPENTER
CITY ATTORNEY
APPROVED:
YOR SHARON PRIEST
CJ