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RESOLUTION NO. S`{ -9 - 3 <br /> A RESOLUTION APPROVING AND ENDORSING PROPOSED AMENDMENT NO. 62 THE LOCAL CAPITAL <br /> • IMPROVEMENT BOND AMENDMENT. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BATESVILLE, STATE OF <br /> ARKANSAS: <br /> WHEREAS, the Arkansas Constitution of 1874 imposes undue financial restric- <br /> tions and limitations on cities and counties ; and <br /> WHEREAS, in effort to alleviate the situation , the Arkansas General Assem- <br /> bly approved Proposed Constitutional Amendment No. 62 the LOCAL CAPITAL IMPROVE- <br /> MENT BOND AMENDMENT during its regular session in 1983; and <br /> WHEREAS, Proposed Constitutional Amendment No. 62 the LOCAL CAPITAL IM- <br /> PROVEMENT BOND AMENDMENT will be on the ballot at the general election November <br /> 6, 1984; and <br /> WHEREAS, for cities and counties to provide the basic and essential ser- <br /> vices for the people of Arkansas, cities and counties must have the authority <br /> • to seek voter approval of public capital improvements; and <br /> WHEREAS, Proposed Amendment No. 62 the LOCAL CAPITAL IMPROVEMENT BOND <br /> AMENDMENT would give the voters in cities and counties the choice to approve <br /> needed public capital improvements , thus insuring the orderly growth of Arkan- <br /> sas while at the same time providing the citizens of Arkansas with adequate <br /> governmental services ; and <br /> WHEREAS, Proposed Amendment No. 62 the LOCAL CAPITAL IMPROVEMENT BOND <br /> AMENDMENT will allow the voters the authority to adopt measures to promote <br /> industrial development thus creating jobs and ultimately broadening the tax <br /> base to pay for basic and essential services ; and <br /> WHEREAS, Proposed Amendment No. 62 the LOCAL CAPITAL IMPROVEMENT BOND <br /> AMENDMENT would foster a new concept and allow local government units - cities, <br /> towns and school districts - to join together to help attract industries to an <br /> • area. <br /> NOW, THEREFORE, BE IT RESOLVED that the Batesville City Council does here- <br /> by approve and endorse Proposed Amendment No. 62 the LOCAL CAPITAL IMPROVEMENT <br /> BOND AMENDMENT this 25th day of September, 1984. <br /> n <br /> �� <br />