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RESOLUTION TO LEVY A 1-1/4 MILL TAX ON ALL REAL AND PERSONAL PROPERTY FOR A MUNICIPAL COMMUNITY CENTER
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WHEREAS: Pursuant to the terms of Amendment No.13 to the Constitution of the State of Arkansas, authorizing Cities of the first and second class to issue by and with the consent of a majority of the qualified electors of said municipality voting on the question at an election held for the purpose of purchase of a sit, development of a building for a municipal community center, including therein an auditorium, library and recreation and comfort station, a public park and swimming pool in connection therewith; and further providing for a levy of a special tax, not to exceed 5 mills on the dollar, on the real and personal taxable property within said municipality sufficient to pay the interest of such bonds as the same matures, and also sufficient to pay and discharge the principal of such bonds; and ordinance being No.858, was passed, adopted and approved by the City Council of the City of Jonesboro, Arkansas, on September 29, 1953, a date at least 30 days prior to the General Election to be held as required by law on Tuesday, November 2, 1953. stating that propose for which the bonds are to be issued, the sum total of the issue as $75,000.00 the dates of maturity thereof fixing the date of election and calling for a tax levy, not to exceed 3 mills for the purpose of paying off said bond issue; whereupon said ordinance was published one time on October 1, 1953, in a newspaper published in said municipality, by the Mayor, by advertisement weekly for four times on October 2, 9, 16 and 23, 1953. The last date being not less than ten days prior to the date of election that the Craighead County Board of Election Commissioners duly certified to the Mayor and City Council of said municipality that a majority of the qualified electors of said municipality voting on the question at such election held November 3, 1953, voted in favor of the bond issue and tax, ...
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