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AN ORDINANCE CALLING AN ELECTION IN THE CITY OF JONESBORO FOR THE PURPOSE OF SUBMITTING TO THE ELECTORS OF SAID CITY THE QUESTION OF ISSUING BONDS FOR THE PURPOSE OF AIDING IN THE BUILDING AND EQUIPPING OF A CITY HALL INCLUDING A CENTRAL FIRE STATION AND A FIRE SUBSTATION; AND DECLARING AN EMERGENCY
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WHEREAS, the City of Jonesboro, Arkansas, a city of the first class, needs a City Hall to provide space and efficient facilities for the administration of the City’s affairs, and can combine with this building space for a central fire station; and
WHEREAS, the City must provide a second fire station to meet the requirements of the rating bureau and thus avoid a substantial increase in insurance rates; and
WHEREAS, the City has available for these purposes the sum of approximately $78,000, and it is estimated that an additional $180,000 will be needed, of which $150.000 will be for the City Hall and central fire station, and $30,000 for the fire sub-station, and this money can be secured by the issuance and sale of general obligation bonds of the city under the provisions of Amendment No.13 to the Construction of the State of Arkansas, provided the bonds are approved by the consent of a majority of the qualified electors of the city voting on the question at an election held for that purpose;
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Jonesboro, Arkansas:
SECTION 1: That a special election is hereby called to be held in said City on the 8th day of April 1958 for the purpose of voting on the questions of issuing $180,000 in bonds for the purpose of aiding in the building and equipment of a City Hall and Central Fire Station and a Fire Sub-station, of which $150,000 shall be for the City Hall and Central Fire Station and $30,000 for the Fire Sub-station, the bonds to bear interest at a rate acceptable to the City Council at the time of their sale and, at the option of the City Council, to be convertible to a rate or rates of interes...
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