HomeMy WebLinkAboutOrd 900 Levying & Assessing an AD Valorem TAX year 1968
72
ORDINANCE ~Rn~BER 900
AN OEDINANCE LEVYING ILl\JD ASSESSING AIIJ AD VALOEEM TAX. ON
ALL TAXABLE PHOPERTY WITHIN THE CORPORATE LIJ:vIITS OF THE
CITY OF vIE ST UNIVER SITY PLACE, TEXAS FOR THE YEAR 1968;
PROVIDING T}IE BASIS OF ASSESSMENT OF Mfu'iKET OR ACTUAL
VALUE ARm PROVIDING FOR THE COLLECTION THEEEOF AT THE RATE
OF .48 ON THE ONE-lilJT\m:RED DOLIAR ($100) ASSESSED VALUA-
TION.
BE IT OHDAINED BY THE CITY COJvIMISSION OF THE CITY OF 1ilEST UNIVERSITY
PLACE, TEX.AS:
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 $1.48 on the one-hundred dollar ($100) assessed tax
valuation for the year 1968.
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 'I'exas, sucb levy and assessment is made for the following purposes, to 'Ivi t:
(A) For the upkeep and maintenance of the Department
of Health and Sanitation
$ .05
(B) For current expense and operation of the General 1.
FQnd and its various departments
( C) For 'rax Revenue Sinking Fund, to pay the princ i pal .38
on the bonded indebtedness of the City, as follows:
$1.
Date of Issue
City of West University Place, Refunding Bonds $ 33,000.00
City of West University Place, Fire Fighting 000.00
ECluipment Bonds
1946 City of vJest University Place, Storm Se'lver Bonds 5,000.00
1946 City of West University Place, Pub li c Park Bonds 4,000.00
1952 City of West University Place, Refunding Bonds 64,000.00
1954 City of West University Place, City Hall Bonds 15,000.00
$122,000.00
Section 3. The Tax Assessor and Collector for the Ci of West Univer-
sity Place, Texas is hereby directed to assess and collect taxes on all of the
property, both real and ~ersonal, within the corporate limits of the City of
73
West University Place) Texas on the basis of percent ( 40%) of market
or actual value for the year 1968 and collection thereof at the rate of
$1.48 on the one-hundred ($100) assessed valuation as herein
PASSED AND ft2PROVED this the 26th day of
st) 1968.
CorrlD1issioners Voting
Cowrrissioners Voting No:
ATTEST:
All
None