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• used for park and recreational purposes. The tax shall expire on the first date on which the tax can be administratively removed when (a) there are sufficient funds to pay in full any outstanding Bonds secured by a pledge of collections of the tax and (b) the City Council determines that the purposes of the tax cannot continue to be fulfilled because no Bonds secured by a pledge of collections of the tax will be issued or because no additional Bonds secured by a pledge of collections of the tax will be issued in the future. FOR................................................................................................................................ ❑ AGAINST...................................................................................................................... ❑ Section 3. 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 municipal elections unless otherwise provided in Title 26, Chapter 75, Subchapter 2 of the Arkansas Code of 1987 Annotated and only qualified voters of the City shall have the right to vote at the election. Section 4. The results of the election shall be proclaimed by the Mayor, and his Proclamation shall be published one time in a newspaper having a general circulation in the City, which Proclamation shall advise that the results as proclaimed shall be conclusive unless attacked in the courts within thirty days after the date of publication. • Section 5. A copy of this Ordinance shall be (a) filed with the Independence County Clerk at least 60 days prior to the election date and (b) given to 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 Commissioner of Revenues of the State of Arkansas as soon as practical. Section 6. The Mayor and City Clerk, for and on behalf of the City, are hereby authorized and directed to do any and all things necessary to call and hold the special election as herein provided and to perform all acts of whatever nature necessary to carry out the authority conferred by this Ordinance. Section 7. All ordinances and parts thereof in conflict herewith are hereby repealed to the extent of such conflict. PASSED: December 27, 2011 APPROVED: ATTEST: l_ 1\1j,'3 r n, ac��n.7 Mayor City Clerk (SEAL) 2