HomeMy WebLinkAboutORD 1068 - ORD Levying & Assesing Valorem TAX Year 1976ORDINANCE NUMBER 1068
AN ORDINANCE LEVYING AND ASSESSING AN AD VALOREM TAX
ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF
THE CITY OF WEST UNIVERSITY PLACE, TEXAS, FOR THE YEAR
1976; PROVIDING THE BASIS OF ASSESSMENT OF APPRAISED
VALUE AND PROVIDING FOR THE COLLECTION THEREOF AT THE
RATE OF $1.46 ON THE ONE HUNDRED ($100.00) ASSESSED
VALUATION.
BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF WEST
UNIVERSITY PLACE, TEXAS:
Section 1. That there is hereby levied and assessed against
all taxable property, both real and personal, within the corporate limits
of the City of West University Place, Texas, and there shall be collected
by.such city, a tax of $1.46 on the one -hundred ($100.00) assessed tax
valuation for the year 1976.
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 of
West University Place City Charter and the applicable Statutes of the State
of Texas, such levy and assessment is made for the following purposes,
to -wit:
(A) For the upkeep and maintenance of the Department
of Health and Sanitation $0.04
(B) For current expenses and operation of the Gen- $1.30
eral Fund and its various departments
(C) For Tax Revenue Sinking Fund to pay the
principle, interest and fiscal agent's fees $0.12
on $1,700,000 bond issue of the City
Section 3. That the Tax Assessor and Collector for the City
of West University Place, Texas is hereby directed to assess and collect
taxes on all of the property, both real and personal, within the corporate
limits of the City of West University Place, Texas on the basis of 70% of
assessed valuation as herein provided.
PASSED AND APPROVED this day of 1976.
Commissioners Voting Aye:
Commissioners Voting No:
r it
r ja
s.
ATTEST; Mayor
Assistant City Sec ear�!
APPROVED AS TO FORM:
Charles F. Cockrell, City Attorney