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OFFICIAL BALLOT SPECIAL ELECTION BATESVILLE, ARKANSAS LJune 23, 1992 PROPOSED ARKANSAS SCHOOL LEVY OF ONE-HALF OF ONE PERCENT (0.5%) FOR MATHEMATICS AND SCIENCE PROJECT SALES AND USE TAX AUTHORIZATION OF SALES AND USE TAX AUTHORIZATION AND APPROVAL OF LEVY BONDS FOR THE ARKANSAS SCHOOL FOR OF ONE-HALF OF ONE PERCENT (0.5%) SALES MATHEMATICS AND SCIENCE PROJECT AND AND USE TAX WITHIN THE CITY OF BATES- APPROVAL TO PLEDGE RECEIPTS FROM CITY VILLE TO BE USED FOR REPAYMENT OF BONDS SALES AND USE TAX FOR PAYMENT THEREOF, FOR ARKANSAS SCHOOL FOR MATH AND TO BE ISSUED ONLY IF THE ARKANSAS SCHOOL SCIENCE, TO BE LEVIED ONLY IF THE OF MATHEMATICS AND SCIENCE IS LOCATED ARKANSAS SCHOOL OF MATHEMATICS AND IN BATESVILLE. SCIENCE IS LOCATED IN BATESVILLE. The issuance of sales and use tax bonds by the City of The authorization and approval of the levy of a one- Batesville in the aggregate principal amount of not to half of one percent (0.5%) sales and use tax within the exceed$5,000,000 for the purpose of paying the costs of City of Batesville, Arkansas, the proceeds of which constructing and equipping the Arkansas School for shall be pledged to repayment of bonds used to finance Mathematics and Science,to be located in Batesville for the Arkansas School for Mathematics and Science to be the purpose of educating gifted and talented 11th and located in Batesville. The sales and use tax shall be 12th graders from around the State of Arkansas,and to levied on the receipts from the sales at retail within the authorize the City Council to pledge all of the receipts City of all items which are subject to taxation under the from a one-half of one percent(0.5%)sales and use tax Arkansas Gross Receipts Tax Act of 1941,as amended, to be levied by the City to pay the principal of and and the receipts from storing, using or consuming interest on the bonds and all fees and expenses in within the City tangible personal property under the connection therewith. Arkansas Compensating Tax Act of 1949, as amended The sales and use tax bonds shall not be issued unless (the"Sales and Use Tax").The sales and use tax shall 1) Batesville is selected as the site for the Arkansas be levied and collected only to a maximum tax of School for Mathematics and Science, and (2) the twenty-five dollars ($25) on each single transaction, electors shall have also approved the levy of the sales pursuant to Arkansas Code Annotated Section 26-75- and use tax described above. 222. The levy and collection of the Sales and Use Tax shall terminate upon the repayment in full of the Vote On Measure By Placing An "X" In The Square Bonds, unless such Sales and Use Tax is extended by Opposite The Measure Either For Or Against vote of the electors of the City at a special election called for such purpose. FOR authorization of the issuance of bonds in the The sales and use tax shall not be levied and collected principal amount not to exceed $5,000,000 for the unless (1) Batesville is selected as the site for the purpose of constructing and equipping educational Arkansas School for Mathematics and Science,and(2) facilities for the Arkansas School for Mathematics and the electors shall have also approved the issuance of the Science in Batesville and approval of the pledge of a sales and use tax bonds to finance the school. 0.51 City of Batesville sales and use tax for payment thereof---."....""..............."....--------------------------------.........-------- ❑ """"" Vote On Measure By Placing An "X" In The Square AGAINST authorization of the issuance of bonds in Opposite The Measure Either For Or Against the principal amount not to exceed$5,000,000 for the purpose of constructing and equipping educational FOR adoption of a one-half of one percent sales and use facilities for the Arkansas School for Mathematics and tax within the City of Batesville for repayment of Science in Batesville and approval of the pledge of a Arkansas School of Math and Science bonds ............ ❑ 0.51/0 City of Batesville sales and use tax for payment thereof"".............."...-"---".........--------"--"-------"-"........--"......""--""...."" ❑ AGAINST adoption of a one-half of one percent sales and use tax within the Citv of Batesville for repayment of Arkansas School for Math and Science bonds---""- ❑ LIST OF VOTERS NUMBER