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HomeMy WebLinkAboutORD 580 - ORD Levying & Assessing Valorem Tax on all Taxable Property YR 1953 III I L. I ' 222 ORDINANCE. NO. 580 o AN ORDINANCE LEVYING AND ASSESSING AN ADVALQREM: TAX ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF THE CITY OF WEST UNIVERSITY PLACE, TEXAS, FOR THE YEAR.' 195~ AND PROVIDING FOR THE COLLECTION THEREOF. ::> -~ ' , BE IT ORDAINED BY THE CITY COWlITSSION OF THE CITY OF .WEST UNIVERSITY PLACE, TEn'S: .. :. ~ to e ' r . . . . Section I. That there is hereby levied and assessed against all taxable property, both personal and real, within the corporate limits of the City of West University Place, Texas, and there shall be collected by such city a tax of one and seventy-eight one hundredths percent (1.78%) of the assessed valuation of such property, or at the rate of One and seventy-eight one hundredths Dollars {$1.78) ,on the One Hundred Dollar ($100.00) assessed valuation for the year 1951... -t--- . >Section 2. . Such ta:X' is. hereby levied and assessed in accordance with the terms and provisions of Section 1 of Article XXI of the City Charter of the City of West Uni versi ty Place, Texas, and such levy and assessment is made: (A) For the upkeep and maintenance of the Department of 0 Health and Sanitation - - - - - - - - - - - - - - $ .050 (B) For current expense and operation of the General i, '.- It [; Fund and its various departments - - - - - - - - - - - 1.050 (C) For Tax Revenue Sinking Fund to pay the principal and interest on the bonded indebtedness of the City as follows: Percent Dollars 1936 Refunding Bonds $ 37,800.00 31.55522 .2145755 1936 Refunding Warrants 5,350.00 04.46615 .0303698 1942 Sanitary Sew'er 13,925.00 11.62451 .0790467 1942 Storm Sewer 9,985.00 08.33542 .0566809 1950 Refunding Bonds IO,730.00 68.95734 .0609099 1948 Garbage Disposal 1,772.50 01.47968 .0100618 1948 Storm Sewer 4,882.50 04.07588 .0277160 1948 Street Improvement 9,205.00 07.68428 .0522531 1946 Fire Fighting Equipment 287.50 00.24001 .0016322. 1946 Street Paving & Bridge 14,820.00 12.37165 .0841272 1946 Storm Sewer 1,702.50 01.42123 .0096643 1946 Public Park 1,415.00 01. 18124 .0080325 1945 Refunding Bonds 7.915.00 06.60739 .0449302 ~ ? $119,790.00 100% .68 ,.68 0 Total Tax Rate - $1.78 223 ] Section 3. The Tax Assess'or and Colle ctor of the City of West University Place, Texas, is herebydir'ectedto collect taxes on all of the property, both personal and real, within the corporate limits of the City of West Uni versttyPlace, Texas, for the year 1951, at the rate herein provided. ~ z-2--~ PASSED AND' APPROVED this the 27th day of August, A.D.19.5~ All Commissioners voting aye. No Commissioners voting no. ,........~'.'. '.:M~C~sr- . University Place, Texas ~I I I ~ ATTEST: ~~..--/ City Be . ' . , '. .. ' ..', -, '-' '. -' -. . ' . . ,-. - . ,'-' .. , APPROVED AS T o FORM : ~~Q.,~" ~~. City Attor ey ., 0 .~:- " . 'l '-----' "",L