ORD NO 29-1969 TAX LEVY 1969 CITY OF VAN BUREN, ARKANSAS
ORDINANCE NO. 29 -1969
AN ORDINANCE LEVYING A TAX FOR CITY GENERAL MUNICIPAL PURPOSES FOR THE
YEAR 1969, FOR PUBLIC LIBRiRY ;ND FOR THE PAYMENT OF THE GENERAL OBLIGA-
j TION MULTIPLE PURPOSE IMPROVEMENT BONDS OF THE CITY TO BE ISSUED UNDER
AMENDMENT PJO. 13 TO THE CONSTITUTION OF THE STATE OF ;,RKANS,.5, SUBJECT
Alp TO r,PPROVAL BY THE ELECTORS OF THE CITY OF VAN BUREN, IN AN ELECTION TO
BE HELD ON THE 16th DAY OF DECEMBER, 1969, AND DECLARING AN EMERGENCY
BE IT ORORINED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS:
5e,cticn 1, That the rate of taxation of all real and per.sonal
property. in Van Buren, Arkansas fur the year 1969 for general municipal
purposes under the authority of Section 4, Article XII of the Const-
itution pf 1074 of the State of Arkansas be and the same is hereby
affixed 'et five (5) mills on the dollar of the assessed valuation of all
real and personal property subject to taxation in the City of Van Buren,
Arkansas for the year 1969 for general municipal purposes.
Section 2. That the rate of taxation of all real and personal
property in the City of Van Buren, Arkansas for the year 1969 for the
maintenance of a City Public Library under the authurity of a vote of
the people of the City of Van Buren at the City General Election held cn
the 7th' of April 1942, be and the same is hereby fixed at One (1)
mill on the dollar of the assessed valuation of all real and personal
property subject to taxation in the City of Van Buren, Arkansas for the
year 1969 for library maintenance purposes.
Section 3. That in order to apy as they mature the General.
Obligation Multiple Purpose Improvement Bends of the City, subject tc
approval. by the electors of the City of Van Buren, Arkansas, in an
clectioryto be held on the 16th day of December 1969, to be issued under
the previsions of Amendment Nu. 13 to the Constitution of the State of
Arkansas in an amount not to exceed 5300,000.00 (before conversion), to
be sold at public sale with the privilege of conv•.:rsicn, at the option
of the City Council, with the interest thereon, there is hereby levied
upon all real and personal property within the City of Van Buren,
Arkansas;, a tax of five (f) mills for each cf the yuers 1970 to 2000,
inclusive, being a sum sufficient to meet said bonds and interest as
J
they mature, with five per cent (50) added for unforeseen contingencies;
and the.City Clerk is directed to transmit a certified copy of this
r ordinance to the County Clerk of Crawford County to the end that said
taxes they be extended on the Tax Books of said County and collected
annually along with the other taxes collected in 1970 and continuing
annaully until the said bonds and interest therein are paid in full.
'may Section 4. It is hereby ascertained and declared that there is an
immediate and urgent need for the construction er acquistion of the
various _municipal projects to ba financed through the issuance of the
General obligation Multiple Purpose Improvement Bonds of the City, and
levying a tax for the general municipal purposes and the Public Library,
in order to protect the health, lives and property of the inhabitants
of the'City of Van Buren, Arkansas: THEREFORE, an emergency exists and
e this ordinance, being necessary for the preservation of the public peace,
health.and safety, shall take affect and be in force immediately upon
and after its passage.
Pib5ED: November 10, 1969.
APPROVED:
Allen R. Toothaker (s)
Mayor
0 ATTEST:
Geo L Crofton (s)
City Clerk
(Seal)
STATE OF ARKANSAS
ss
COUNTY_0F CRA FORD)
I,'George L. Crofton, City Clerk of the City of Van Buren, Arkansas
duly elected, qualified and. acting do hereby certify that the above and
foregoing is a true and correct copy of the levying ordinance. unanimously
ID passed and adopted at the City Council meeting of Nevdmber, 10, 1969.
Geo L Crofton (s)
City Clerk