HomeMy WebLinkAboutORD 693 - ORD Levying & Assessing AD Valorem Tax on all Taxable Property Year 1955
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ORDINANCE NO. 693
AN ORDINANCE LEVYING AND ASSESSING AN AD VALOREM TAX ON ALL
TAXABlE PROPERTY WITHIN THE CORPORATE LJMITS OF THE CITY OF
WEST UNIVERSITY PLACE, TEXAS, FOR THE YEAR 1955, AND PROV~
DIG FOR THE COLLECTION 'IHEREOF.
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BE IT ORDAINED BY THE CITY COH1USSION OF THE CIIT OF WEST
UNIVERSITY PLACE, TEXAS:
Section 1. 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, Te:x:as, and there shall be collected by such City
a tax of one and seventy-eight one hundredths per cent (1.78%) of the
assessed valuation of such property or at the rate of One and seventy-
e~ht one hundredths Dollars ($1.78~ on the One Hundred Dollar ($100.00)
assessed valuation for the year 1955.
Section 2.. Such tax 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 University Place, Texas, and such levy and assessment is-
made:
(A) For the upkeep and maintenance of the
Department of Health and Sanitation $ .03
(B) For current expense and operation of 0
the General ]fund and its various
departments 1.02
(C) For Tax Revenue Sinking Fund to pay
the principal and interest on the
bonded indebtedness of the City as
follows:
Issue Amount Due Percent Dollars
. 1936 Refunding Bonds $ 40,122.50 28.856963 .2106658
1936 Refunding Warrants 2,675.00 01.923907 .0140445
1945 Refunding Bonds 8,850.00 06.365075 .0464334
1946 Street Paving & Bridge Bonds 14,950.00 "" 10.752301 .0784948
1946 Storm Sewer Bonds 1,702.00 <t-- 01.224108 .0089360
1946 Public Park Bonds 1,415.00 01.017693 .0074292
1946 Fire Equip,. Bonds 287.$0 00.206775 .0015095
1948 Street Improvement Bonds 8,645.00 06.217635 .0453887
1948 Storm Sewer Bonds 3,587.50 02.580193 . ()l88354
1948 Garbage Disposal Bonds 1,632.50 01.174125 .0085711
1951 Refunding Bonds 11,060.00 07.954545 .0580682
1952 Refunding Bonds 19.,887.50 14.303537 .1044259
1954 City Hall Bonds 19,600.00 14.096762 .1029149
1955 City Hall Bonds 4~625.00 ~ 03.326381 .0242826 a
$139,040.00 100% .73
Total Tax Rate - - - - - - $1.78
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Section 3. The Tax Assessor and Collector of the City of West University
Place, Texas, is hereby directed to collect taxes on all of the property,
both personal and real, with the corporate limits of the City of West
University Place, Texas, for the1955, at the rate herein provided.
PASSED AND .APProVED THIS THE 29th DAY OF AUGUST, 1955.
Commissioners voting Aye:
Commissioners voting No:
All
None
Mayor,
Place,
ATrEST: . /
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C'!.ij ecret
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