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• FOR the issuance of Parks Bonds in principal amount not to exceed $18,950,000 and bearing interest at rates not to exceed 7.90% for the purpose of financing all or a portion of the costs of the acquisition, construction, equipping and furnishing of City parks facilities and improvements, which may include a skate board park, an outdoor water and splash park, and a consolidated recreation facility consisting of baseball, softball and soccer playing and practice fields, and any necessary utility, road and parking improvements related thereto .................................❑ AGAINST the issuance of Parks Bonds in principal amount not to exceed $18,950,000 and bearing interest at rates not to exceed 7.90% for the purpose of financing all or a portion of the costs of the acquisition, construction, equipping and furnishing of City parks facilities and improvements, which may include a skate board park, an outdoor water and splash park, and a consolidated recreation facility consisting of baseball, softball and soccer playing and practice fields, and any necessary utility, road and parking improvements related thereto..............El Section 8. That the election shall be held and conducted and the vote canvassed and the results declared under the law and in the manner now provided for Arkansas municipal elections unless otherwise provided in the Local Government Bond Act, the 1981 City Sales and Use Tax Act and the 1975 City Sales and Use Tax Act, and only qualified voters of the City shall have the right to vote at the election. The City Clerk is hereby directed to give notice of the special • election by one advertisement in a newspaper of general circulation within the City, the publication to be not less than ten(10) days prior to the date of the election. Section 9. That a copy of this Ordinance shall be given to the Arkansas Secretary of State and the Independence County Board of Election Commissioners so that the necessary election officials and supplies may be provided. A certified copy of this Ordinance shall also be provided to the Director of the Department of Finance and Administration of the State of Arkansas as soon as practical. Section 10. That the results of the special election shall be proclaimed by the Mayor, and his proclamation shall be published one time in a newspaper of general circulation within the City. The proclamation shall advise that the results as proclaimed shall be conclusive unless attacked in the Circuit Court of Independence County within thirty (30) days after the date of publication of the proclamation. Section 11. That the Mayor and the City Clerk, for and on behalf of the City, be, and they hereby are authorized and directed to do any and all things necessary to call and hold the special election as herein provided and, if the issuance of both the Community Center Bonds and the Parks Bonds are approved by the electors, and the levies of the 1.000% Sales and Use Tax and the 0.250% Sales and Use Tax are approved by the electors, to cause the 1.000% Sales and Use Tax and the 0.250% Sales and Use Tax to be collected in accordance with the Local Government Bond Act, the 1981 City Sales and Use Tax Act and the 1975 City Sales and Use Tax Act, and to perform all acts of whatever nature necessary to carry out the authority conferred • by this Ordinance. 4821-8069-1718.2 8