HomeMy WebLinkAboutORD 825 - ORD Levying & Assessing AD Valorem Tax 1963
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ORDINANCE NO. 821)
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AN ORDINANCE. LEVYING AND ASSESSING AN .AD VALOREM TAXON
ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF THE
CITY .0;F WEST UNIVERSITY PLACE, TEXAS, FOR THE YEAR 1963,
AND PROVIDING FOR THE COLLECTION THEREOF.
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 personal and real, within the corporate limits
of the City of West University Place, Texas, and ther~ shall be col-
lected 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-eight one hundredths dollars ($1. 78) on the one
hundred dollar (~100.00) assessed valuation for the year 1963.
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 0
Department of Health and Sanitation $ .05
(B) For current expense and operation of
the General Fund and its various
departments 1.19
(C) For Tax Revenue Sinking Fund to pay
the principal and interest on the
bonded indebtedness of the City as
follows: .54 .,
Issue Amount Due Percent Dollars
Refunding Bonds $ 40,067.50 30.703066 .1657965
Fire Fighting ""E<lqipment Bonds 205.00 00.157088 .0008483
Street Paving and Bridge Bonds 16,470.00 12.620689 .0681517
Storm Sewer Bonds 932.50 00.714559 .0038586
Public Parks 837.50 00.641762 .0034655
Refunding Bonds, 1951 12,390.00 09.494252 .0512689
Refunding Bonds, 1952 20,425.00 15.65l341 .0845173
City Hall Bonds 17,812.50 l].649426 .0737069
Refunding Bonds, 1962 21,360.00 16.367817 .0883863
$130,500.00 100% .54 0
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Section 3. The Tax Assessor and Cblle,ctor of the City of West
University Place, Texas, is hereby directed to collect taxes on all the
, property, both personal and real, wi thin the corporate limits of the City
of,West UniversitY,PlacE;~ Texas, ,for, the year 1963,at the rate herein
provided.
, ,
P.t\SSEDAlw APPROVED THIS T~!26th DAY OF AUGUST, 1963.
COMMISSIONERS VOTTNG AYE All
COMMISSIONERS VOTING NO None
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MAYOR, CITY OF WEST UNIVERSITY PLACE
TEXAS
ATTEST:
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Assistant City ~ecretary
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