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R <br /> ORDINANCE NO. , <br /> AN ORDINANCE PROVIDING FOR THE LEVY OF A LOCAL SALES AND USE <br /> TAX AT THE RATE OF ONE PERCENT (1%) ON RECEIPTS FROM RETAIL SALES <br /> WITHIN THE CITY OF BATESVILLE, ARKANSAS; PROVIDING FOR A SPECIAL <br /> ELECTION ON SEPTEMBER 61 1988; PROVIDING THE EMERGENCY CLAUSE <br /> AND FOR OTHER PURPOSES . <br /> WHEREAS, there is a great need for immediate improvement of <br /> municipal services and a stable source of revenue to finance such <br /> vital local government services, and <br /> WHEREAS, Act 25 of 1st Extraordinary Session of 1981 , as <br /> amended by Acts 726 and 802 of 1983, provides for the local <br /> option of adoption of a city-wide sales and use tax . <br /> NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE <br /> CITY OF BATESVILLE, ARKANSAS : <br /> Section 1. Levy of Sales and Use Tax. As authorized by Act <br /> 25 of 1st Extraordinary Session of 1981, as amended by Acts 726 <br /> and 802 of 1983, there is hereby levied a sales and use tax at <br /> the rate of one percent (1%) on the receipts from the sale at <br /> retail within the city of Batesville, Arkansas , on all such items <br /> which are subject to taxation under the Arkansas Gross Receipts <br /> Tax Act , Act 386 of 1941 of the Acts of Arkansas, as amended <br /> subject to a maximum of $25 for a single transaction. <br /> Section 2. Special Election. Said question of the levy of <br /> a sales and use tax as provided in Section 1 hereof shall be <br /> submitted to a vote of the citizens of Batesville, Arkansas, by <br /> special election to be held on September 6, 1988 . <br /> Section 3. Emergency Clause. That the City Council for the <br />