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AN ORDINANCE CALLING FOR A SPECIAL ELECTION IN THE CITY OF JONESBORO, ARKANSAS ON THE QUESTION OF LEVYING A ONE-HALF PERCENT (0.50%) SALES AND USE TAX WITHIN THE CITY OF JONESBORO, ARKANSAS; TO PROVIDE THAT ALL NET COLLECTIONS DERIVED FROM THE SALES AND USE TAX SHALL BE USED TO FUND THE ACQUISITIONS, IMPROVEMENTS OF A PUBLIC NATURE FOR THE CITY’S POLICE AND FIRE DEPARTMENTS, AND FOR THE OPERATION, MAINTENANCE AND STAFFING OF THE CITY’S POLICE AND FIRE DEPARTMENTS AND PRESCRIBING OTHER MATTERS PERTAINING THERETO
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WHEREAS, the City of Jonesboro, Arkansas (the “City”) is a city of the first class duly organized and existing under the laws of the State of Arkansas (the “State”); and
WHEREAS, the City Council of the City has passed on ___________, 2020 an ordinance (the “Tax Ordinance”) providing for the levy of a one-half percent (0.50%) sales and use tax within the City, which shall be dedicated to and used for acquiring, constructing, repairing, equipping, and improving capital improvements of a public nature, and to provide funds for the operation, maintenance, and staffing of the City’s Police and Fire Departments;
WHEREAS, the purpose of this Ordinance is to call a special election on the question of the levy of the Sales and Use Tax for the purposes described above.
THEREFORE, BE IT ORDAINED by the City Council for the City of Jonesboro, Arkansas that:
SECTION ONE: That there be and there is hereby called an election to be held in conjunction with the primary election to be held on March 3rd, 2020, at which election there shall be submitted to the electors of the City, the question of levying for collection within the City a one-half percent (0.50%) sales and use tax levied pursuant to Title 26, Chapter 75, Subchapter 3 of the Arkansas Code of 1987 Annotated (the “Authorizing Legislation”) to provide for the levy of a one-half percent (0.50%) sales and use tax within the City, which shall be dedicated to and used for the purpose of acquiring,...
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