HomeMy WebLinkAboutORD 54 Levying taxes for 1931
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ORDINANCE NO. ,[ f
i\N ORDINANCE lEVYING TAXES FOR THE; YEAR 1931
FOR AND WITHIN 1~ CITY OF 1~ST UNIVERSITY
PLACE, ffEXAS, AGAINST ALL TAXABLE PROPERTY IN
SAID CITY FOR ALL 1\1UNICIPAL PURPOSES AND PRO-
VIDING TH.-\T SAID ORDINANCE TAKE EFFEC B'!MED-
lATELY.
BE IT ORDAINED BY THE BOARD OF C01VTh!lISSrONERS OF TEE CITY OF 1)VEST UNI-
VERS ITY PLACE.
SECTION 1.
That there be and there is hereby levied against all tax-
able property vii thin the corporate limits of the Ci ty of West Uni ver-
.y
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sity Place, Texas, as the same existed on the 1st day of January 1931,
an ad valorem tax of and at the rate of one dollar fifty cents ($1.50)
on each one-hundred dollar valuation of property against the property
in said city for the purpose of raising revenue for all municipal pur-
poses, for the year 1931, as provided by the laws of this state.
Said tax is hereby segregated, and levied, more in detail,
for the following purposes, to-wit:
(a) For the purpose of paying interest and providing sink-
ing fund for the three-hundred fifty thousand dollar
($350,000) funding ~onds that are dated on and about
March 1st, 1927, forty-eight cents (481), on each one
hundred dollar valuation of taxable property.
(b) For the purpose of paying interest and providing sink-
ing fund for the payment of the three-hundred and t,l\fEln-
ty- six thousand dollar ($326,000) funding bonds that are
dated on or about January l'st, 1929, forty-one cents (4l~)
on each one hundred dollar valuation of taxable property.
,(c) For the purpose of paying interest and providing sink-
ing fund for the payment of thewo-hundred sixty thou-
sand, eight'hundred seventy-seven dollars seventy eight
cents ($260,877.78) which are dated on or about October
lOth, 1931, thirty seven cents (37t) on each one hun-
dred dollar valuation of taxable property.
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(d) For the purpose of providing funds for current ~xpenses
of said city, twenty four cents (24~) on each one hun-
dred dollar valuation of taxable property.
Aggregating one dollar fifty cents ($1.50) on each one
hundred dollar valuation on all taxable property of said city.
There being no rule of this commission requiring ordin-
ances to be read or passed at more than Qne meeting, it is further
ordained that this ordinance take effect and be transferred from and
after its passage.
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PASSED .t\l\1D APPROVEID thi s the )r.--- day of December, A. D.
1931.
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