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AN ORDINANCE PROVIDING FOR THE PURCHASE OF A SITE, DEVELOPMENT AND IMPROVEMENT OF A BUILDING FOR A MUNICIPAL CENTER, INCLUDING THEREIN AN AUDITORIUM, LIBRARY AND RECREATION AND COMFORT STATION, AND A PUBLIC PARK IN CONNECTION THEREWITH, TO APPLY FOR GOVERNMENTAL AID THEREFOR; AND TO PROVIDE FOR A BOND ISSUE AND A TAX LEVY AND CALLING AN ELECTION FOR SUCH PURPOSE AND TO DETERMINE AS TO SUCH BOND ISSUE AND TAX LEVY
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SECTION 1. (Sets out needs for above)
SECTION 2. (Aid to be sought of PWA or any other agency of U.S. Government and application to be made.)
SECTION 3. (Require bond issue of $55,000 principal - evidenced by negotiable bonds of par value of $1,000.00 each, int. payable semi-annually at not to exceed 6%, bonds dates Sept. 1, 1935, mature serially over period of 20 years, the first maturities of principal not to become due before three years from date of bonds, note - first principal due 9/1/38, last 9/1/55 - and are 4%)
SECTION 4. (To pay principal and interest of bonds levy tax not to exceed 3 mills on all taxable property, real and personal, as assessed for City)
SECTION 5. (Election is called for Aug. 13, 1935, advertisement, etc.)
SECTION 6. (Form of ballot)
SECTION 7. Mayor and city officials authorized to take necessary steps to supervise matters covered by ordinance, subject to approval of City Council.
SECTION 8. In view of the fact that the PWA of U.S. may now provide for substantial aid in regard to matters herein, so that a Munic. Center, including therein auditorium, library, recreation and comfort stations and park in connection therewith may be acquired with less expense than ever before possible, and the further fact that Jonesboro has no auditorium nor city library nor parks and no sufficient recreation and comfort stations, and such improvements are needed for the public welfare.
NOW, THEREFORE, an emergency is declared and this ordinance is declared necessary for the immediate preservation of the public peace, health...
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