A. It is hereby declared to be the purpose of this division to provide revenues to fund the construction, support. and operation of healthcare facilities, equipment, and services serving the residents of the City of Purcell, Oklahoma, including but not limited to operation, maintenance, construction, acquisition, remodeling, and equipping of the Purcell Municipal Hospital facilities, and/or for the payment of debt service in connection with obligations issued to finance said improvements and related costs.
B. The provisions of this division and the collection of the one percent (1%) excise tax referenced herein shall become effective on and after August 28, 2018, subject to approval by a majority of the qualified electors of the City of Purcell, Oklahoma, voting on the same in the manner prescribed by law. The provisions of this division and the collection of the one percent (1%) excise tax referenced herein shall terminate and shall cease to be levied after December 31, 2039.
(Ord. No. 16-03, §§ 4 and 5, 4-25-2016)
HISTORY
Amended by Ord. 18-04 on 6/4/2018