No municipal corporation shall be authorized to pass any laws contrary to the general laws of the State; nor levy any tax on real or personal property to a greater extent, in one year, than five mills on the dollar of the assessed value of the same. Provided, that, to pay indebtedness existing at the time of the adoption of this Constitution, an additional tax of not more than five mills on the dollar may be levied.
Section 4
Ark. Const. art. XII, § 4 — under Municipal And Private Corporations.
Ark. Const. art. XII, § 4
Section 4