Ordinance — Jackson
Official courthouse record · Indexed in NoticeRegistry archive · AI-enriched for research
Jackson County passed Ordinance No. 2026-2 authorizing purchase of a 2026 John Deere motor grader for $277,237.14 and approving a loan from Merchants & Planters Bank up to that amount at 5.0% interest, payable over up to 60 months.
Key Takeaways
- Ordinance authorizes purchase of a 2026 John Deere motor grader
- Purchase price: $277,237.14
- Loan approved from Merchants & Planters Bank up to $277,237.14
- Loan terms: 5.0% annual interest, up to 60 months
- Action approved by Jackson County Quorum Court
Research context
What to do next
- 1
Confirm loan execution details
Contact Jackson County Judge's office or county finance officer to obtain final loan documents and payment schedule.
- 2
Arrange equipment delivery
Coordinate with Merchants & Planters Bank and the John Deere seller to schedule purchase completion and grader delivery.
- 3
Record ordinance and budget adjustments
Ensure the ordinance and loan are entered into county records and the budget reflects the financed purchase.
Frequently asked questions
- What does Ordinance No. 2026-2 approve?
- It approves purchase of a 2026 John Deere motor grader and a loan to finance it.
- How much will the motor grader cost?
- The stated price is $277,237.14.
- What are the loan terms approved in the ordinance?
- A loan up to $277,237.14 at 5.0% annual interest, payable over up to 60 months.
The suggestions and answers above are AI-generated for general information only. They can be wrong, and we don't take responsibility for their accuracy. Talk to a qualified professional before acting on them.
Legal terms in this notice
- ordinance
- A law or regulation passed by a local government body like the county quorum court.
- quorum court
- The county legislative body in Arkansas that enacts ordinances and approves expenditures.
Full Notice Text
ORDINANCE NO. 2026-2BE IT ENACTED BY THE QUOR-UM COURT OF THE COUNTYOF JACKSON, STATE OFARKANSAS, AN ORDINANCETO BE ENTITLED:AN ORDINANCE AUTHORIZ-ING AND APPROVING PUR-CHASE OF JOHN DEERE MO-TOR GRADER AND LOANFROM MERCHANTS & PLANT-ERS BANK IN ORDER TO FIN-ANCE SAID PURCHASE OFEQUIPMENTWHEREAS, the Jackson Countyis in need of a a motor grader inorder to continue efficient main-tenance of county roads, andWHEREAS, the county judge haslocated a 2026 John Deere mo-tor grader at a price of$277,237.14, andWHEREAS, Merchants & Plant-ers Bank has agreed to make aloan to Jackson County for thepurchase of the above describedequipment which loan will be notmore than $277,237.14 bearinginterest at the rate of 5.0% perannum and payable over notmore than 60 months,NOW, THEREFORE, BE IT OR-DAINED BY THE QUORU