HomeMy WebLinkAboutOrd 942 - ORD Levying & Assessing Valorem Tax for the Year 1970
144
ORDINANCE ~mMBER 942
AN ORDINANCE LEVYING AND ASSESSING AN AD VALOREM TAX ON
ALL TAXABLE PROPERTY WITHIN THE CORPORATE LI~JTS OF THE
CITY OF "IV-EST UNIVERSITY PLACE, TEXAS FOR THE YF'-AR 1970;
PROVIDING THE BASIS OF ASSESSMENT OF M.A-RKET OR ACTUAL
VALUE AIiD PROVIDING FOR THE COLLECTION T}illREOF AT THE RATE
OF .48 ON THE ONE-HUNDRED ($100) ASSESSED VALUATION.
BE IT ORDAINED BY THE CITY cO~~rrSSION OF THE CITY OF "lillST UNIVERSITY
PLACE, TEXAS:
Section 1. That there is levied and assessed against all
taxable property, both real and personal, within the corporate limits of
the C of West Universi Place, Texas, and there shall be collected by
such , a tax of $1.48 on the one-hundred dollar ($100) assessed tax
valuation for the year 1970.
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 and assessment is made for the following purposes, to
wit:
(A) For the upkeep and maintenance of the Department
of Health and Sanitation
(B) For current expense and operation of the General
Fund and its various departments
(C) No levy, assessment or tax for the year 1970 is
required for the Tax Revenue Sinking Fund as
there are sufficient funds in the treasury of
the City to the credit of this Fund to pay the
principal and interest on the total outstand-
ing bonded indebtedness of the City, the last
of which matures November, 1973.
The City Treasurer has certified to the availability
of funds to pay the principal and interest on the
following bonds which mature during the fiscal year
Date of Issue
1946
City
of West University
prnent Bond
of vJest University
of West University
of West University
of II/est Univers
Place, Fire
1946
1946
1952
1954
Ci
City
City
City
Place, Storm Sewer Bonds
Place, Public Park Bonds
Place, Refunding Bonds
Place, City Hall Bonds
$ 0.06
$ 1. 42
$ 0.00
$ 1.48
$ 000.00
6,000.00
5,000.00
40,000.00
15,000.00
$6 000.00
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Section 3. The Tax ~ssessor and Collector for the City of West
University Place) Texas is directed to assess and collect taxes on all
of the property both real and personal) within the corporate limits of the
of West Univers Place) Texas on the basis of percent (40%) of
market or actual value for the year 1970 and collection thereof at the rate
of $1.48 on the one hundred ($100) assessed valuation as herein provided.
PASSED AlliD APPROVED this the 24th day of
) 1970.
Commissioners Voting Aye: All
ATTEST:
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~s/ e .'/
corefL. . ~ c:.;~tLf{::7-~?2'L;t;:~o~__ .0
Assistant City Secretary
Commissioners
No:
None