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<br />ORDINANCE NO. ~- ~ 5 0'1
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<br />AN ORDINANCE LEVYING TAXES UPON TAXABLE PROPERTY LOCATED WITHIN AND SUBJECT TO
<br />TAXATION IN THE CITY OF LA PORTE, TEXAS; MAKING APPROPRIATIONS FOR SUPPORT,
<br />MAINTENANCE, AND IMPROVEMENT OF THE CITY GOVERNMENT OF SAID CITY OF LA PORTE;
<br />FINDING THAT ALL REQUIRED NOTICES HAVE BEEN PUBLISHED AND ALL REQUIRED HEARINGS
<br />HELD; CONTAINING A REPEALING CLAUSE; CONTAINING A SEVERABILITY CLAUSE; FINDING
<br />COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF.
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<br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE
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<br />Section 1. That there is hereby levied for the fiscal year beginning October 1, 2001, and ending September
<br />30, 2002, on all real property situated and all personal property owned within the taxable limits of the said
<br />City of La Porte, on the first day of January, 2001, except so much as may be exempt under the constitution
<br />and laws of the United States, this State, and the City of La Porte, the following taxes:
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<br />(1) An Ad Valorem Tax of and at the rate of fifty-seven and one-half cents ($.575) on the one
<br />hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the United
<br />States for the current expenses for the support, maintenance, and improvement of the City
<br />Government of said City of La Porte; and
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<br />(2) An Ad Valorem Tax of and at the rate of thirteen and one-half cents ($.135) on the one
<br />hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the United
<br />States, to pay current interest on and provide one year's sinking fund and to pay all of the
<br />Principal and Interest accruing on all outstanding general obligation bonds and certificates
<br />of obligation lawfully issued by the City of La Porte.
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<br />That this provides the sum of total Ad Valorem tax at the rate of seventy-one cents ($.71) on the one
<br />hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the United States.
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<br />Section 2. All property upon which a rate of taxation is hereinabove levied shall be assessed on a ratio of
<br />one hundred percent (100%) of the estimated market value thereof.
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<br />Section 3. That the sums hereinafter accruing and collected from the hereinabove taxes so levied be and
<br />the same are hereby appropriated for the support, maintenance, and improvement of the City Government
<br />of the City of La Porte.
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<br />Section 4. The City Council officially finds, determines, recites and declares that all notices required by law
<br />have been published, and that a public hearing as required by law was duly called and held, and that all
<br />matters prerequisite to the establishment and levy of an ad valorem tax have been accomplished, all as
<br />required by the laws of the State of Texas, and the Home Rule Charter of the City of La Porte.
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<br />Section 5. If any section, sentence, phrase, clause, or any part of any section, sentence, phrase, or clause,
<br />of this Ordinance shall, for any reason, be held invalid, such invalidity shall not affect the remaining portions
<br />of this Ordinance, and it is hereby declared to be the intention of this City Council to have passed each
<br />section, sentence, phrase, or clause, or part thereof, irrespective of the fact that any other section,
<br />sentence, phrase, or clause, or part thereof, may be declared invalid.
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