Ordinance — Jackson
Official courthouse record · Indexed in NoticeRegistry archive · AI-enriched for research
Jackson County's quorum court approves purchasing a 2026 John Deere motor grader for $277,237.14 and authorizes a loan from Merchants & Planters Bank up to that amount at 5.0% interest, repayable over no more than 60 months.
Key Takeaways
- County will buy a 2026 John Deere motor grader
- Purchase price: $277,237.14
- Bank loan authorized up to $277,237.14
- Loan interest rate: 5.0% per year
- Loan term: up to 60 months
Research context
What to do next
- 1
Confirm loan details with bank
Contact Merchants & Planters Bank to finalize loan documents for up to $277,237.14 at 5.0% with a term up to 60 months.
- 2
Complete equipment purchase
Coordinate with the vendor to purchase the 2026 John Deere motor grader at the stated price of $277,237.14.
Frequently asked questions
- What is this ordinance about?
- It authorizes Jackson County to purchase a 2026 John Deere motor grader and to borrow up to $277,237.14 to finance it.
- How much will the county borrow and at what rate?
- The loan authorized is up to $277,237.14 at an interest rate of 5.0% per year.
- What is the loan repayment term?
- The loan is payable over a period not exceeding 60 months.
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Legal terms in this notice
- ordinance
- A local law or rule adopted by a county or city governing body.
- quorum court
- The elected legislative body that governs county affairs in Arkansas.
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