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RESOLUTION TO PLACE A 1.0 MILL TAX ON ALL REAL AND PERSONAL PROPERTY FOR A PUBLIC LIBRARY TAX
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WHEREAS; Pursuant to the terms of Amendment No. 30 to the State of Arkansas Constitution, authorizing the qualified electors of cities having a population of not less than 3,000 to vote and levy a public library tax, a petition signed by more than 100 tax paying electors of the City of Jonesboro was filed with the Mayor asking that an annual tax on all real and personal property within the City, specifying a rate of taxation of one (1) mill on the dollar. Whereupon, said Mayor certified to the Board of Election with him, March 1, 1941, thirty (30) days prior to the General Election as required by law and that said petition was signed by more than 100 taxpayers.
WHEREAS; Said Board of Election commissioners placed the question on the ballot. A majority of the qualified voters voted for the levy and the mayor proclaimed it adopted as law.
Pursuant to the Millage Rollback Computation - Arkansas Statute 84-493.2; Section 3, Act 848, the taxation will be as follows:
On all real property the taxes are at the rate of 1.0 mills on the dollar and one all personal property, the rate is 1.0 mills on the dollar.
PASSED and ADOPTED this 5th day of November, 1990.