HomeMy WebLinkAboutO-1955-485
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ORDINANCE NO.
485
AN ORDINANCE PROVIDING FOR THE LEVY. ASSESSMENT AND COLLECTI ON OF AN AD VALOREM
TAX ~OR THE YEAR 1955. OF AND AT THE RATE OF ONE AND 15/100 DOLLARS ($1.15) ON
EACH ONE HUNDRED DOLLARS ($100.00) VALUATION OF TAXABLE PROPERTY IN THE CITY OF
LA PORTE. FOR THE PURPOSE OF PAYING THE INTEREST ON. AND A SINKING FUND FOR. THE
REDEMPTION OF "CITY OF LA PORTE REFUNDING BONDS. SERIES 1934". lICITY OF LA PORTE
WATER SYSTEM REFUNDING BONDS. SERIES 1946". lICITY OF LA PORTE STREET IMPROVEMENT
BONDS. SERIES 1949".' "CITY OF LA PORT E GARBAGE INCINERATOR BONDS, SERI ES 1949" I
"CITY OF LA PORT E SfREET IMPROVEMENT BONDS. SERIES 1953-A". "CITY OF LA PORT E
CITY HALL BONDS, SERI ES 1953" AND "CITY OF LA PORT E STREET REFUNDING BONDS.
SERIES 1954-, AND FOR PAYING CURRENT EXPENSES OF SAID CITY.
BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF LA PORTE. TEXAS
THAT:
Section l~ There is hereby levied and shall be assessed and collected
for the year 1955. on all the taxable property in the City of La Porte. Texas on
the 1st day of January of the year 1955) an ad valorem tax of, and at tbe rate
oft One and 15/100 Dollars,($1.15} on each One Hundred Dollars ($100.00) valu-
ation of taxable property in said City. estimated in lawful currency of the
United States. for the purpose of paying the interest on. and a sinking fund for
the redemption of. One Hundred Forty-Eigbt Thousand Dollars ($148.000.00) "City
of La Porte Refunding Bonds, Series 1934") Twenty-Two Thousand Dollars ($22.000. 0)
"City of La Porte Water System Refunding Bonds) Series 1946\ Seventy-Five Thou
sand Dollars ~$151000.00) "City of La Porte Street Improvement Bonds. Series
1949" 1 Twenty-Five Thousand Dollars ($25tOOO.00) I.City of La Porte Garbage In-
cinerator Bonds, Series 1949") Two Hundred Thousand Dollars ($200)000.00) "City
of La Porte Street Improvement Bonds. Series1953-A", Twelve Thousand Dollars
($12.000.00) "City of La Porte City Hall Bonds. Series 1953" and Twenty Thousand
Dollars ($20,000.00) "City of La Porte Street Refunding Bonds. Series 1954" and
for paying current expenses of said City) and levied as follows. to-wit:
(a) T'here is bereby levied a tax of fourteen cents 04~) on eacb One
Hundred Dollars ($100.00) ~al~ation ~f taxable ~roperty in the City of La Porte
for the year 1955. for the purpose' of paying the current interest on) and to
provide the necessary sinking fund fort the One Hundred Forty-Eight Thousand
Dollars ($148.000.00) nCity o~ La Porte Refunding Bonds" issued in the year 193 ,
and the same shall be assessed and collected and applied to the purpose named.
(b) There is hereby lev,ied a tax of four cents (4~) on each One Hun-
dred Dollars ($100.00) valuation of taxable property in the City of La Porte
for tbe year 19S51 for the purpose of paying the current interest on, and to
provide the necessary sinking fund fort tbe Twenty-Two Thousand Dollars
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($22,000.00) "City Of La Porte Water System Refunding Bonds. Series 194611J and
the same shall be assessed and collected and 'applied to the purpose named.
(c) There is hereby levied a tax of seven cents (14) on each One Hun-
dred Dollars ($100.00) valuation of taxable property in the City of La Porte for
tbe year 1955. for the purpose of paying the current interest on. and to provide
the necesiary sinking fund for} the Seventy-Five Thousand Dollars ($15.000.00)
"City of La Porte Street Improvement Bonds. Series 1949". and the same shall be
assessed and collect~d and applied to the purpose named.
(d) There is hereby levied a tax of ten cents (104) on each One Hun-
dred Dollars ($100.00) valuation of taxable property in tbe City of La Porte for
the year 1955. for the purpose of paying the current interest on. and to provide
the necessary sinking fund for. the Twenty-Five Thousand Dollars ($25.000l00)
"City of La Porte Garbage Incinerator Bonds} Series 194911. and the same ~hall be
assessed and collected and applied to the purpose named.
(e) Tbere is hereby levied a tax of twenty-cents (204) on each One Hun
dred Dollars ($100.00) valuation of taxable property in the City of La Porte for
tbe year 19551 for tbe ~urpose of paying the current interest on. and to provide
tbe necessary sinking fund for1 the Two Hundred Thousand Dollars ($200.000.00)
IICity of La Porte Street Improvement Bonds. Series 1953-A" J and the same shall
be assessed and collected ~nd applied to the purpose named.
(f) There is bereby levied a tax of four cents (44) on each One Hun-
dred Dollars ($100.00) valuation of taxable property in the City of La Porte for
the year 1955. for the purpose of paying the current interest on. and to provide
tbe necessary sinking fund fort the Twelve Thousand Dollars ($121000.00) "City
of La Porte City Hal] Bonds. Series 1953"J and the same shall be assessed and
collected and ap.plied to the purpose named.
(g) There is h'ereby levied a tax of two cents (24) on each One Hundred
Dollars ($lOO.OQ) valuation of taxable property in the City of La Porte for the
year 1955. for the purpose ~f p~ying the current int,rest on. and to provide the
necessary sinking fund 10r. the Twenty-Thousand Dollars ($20JOOO.00) "City of
La Porte Street Refunding Bondst Series 1954flt and the same shall be assessed
and collected ald applied to the purpose named.
(h) There is bereby levied a tax of eight cents (84) on each One Hun-
dred Dollars ($100.00) valuation of taxable property in the City of La Porte for
the year 1955J for the purpose of paying the current interest on. and to provide
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the necessary sinking funds fort the Sixty Thousand Dollars ($60,000.00) "City
of La Porte Sanitary, Sewer System Bonds, Series 1955\ and the same shall be
assessed and, collected ~~d appli~d to the purpose named.
(i) There is bereby levied a tax of One and 06/100 Dollars ($1.06) on
eacb One Hundred Dollar~ ($100~00) valuation of taxable property in the City of
La Porte for the year 19551 for the purpose of paying the various expenses of
the City of La Porte for the year 1955, including street and bridgework and re-
pairs, payment -of salaries of officers and all otber !lecessary expenses of said
City.
Section 2. The foregoing levies and assessments are based on the val-
uation of all taxable property in the City of La Porte on January I. 1955,
amounting to the sum of Four Million Two Hundred Eighty-Eight Thousand Four Hun-
dred Forty-One Dollars ($41288.441.00).
Section 3. This ordinance shall take effect from and after its passage
and,it is so ordained.
Passed and approved tbis the d.-~day of /g,/tli'1-,}'(~' A. D.
I
1955.
Jn4J .~ ~,
Mayor of the City Of~, Texas
ATT If :
ri~ r1B.d~ , ~
City Clerk of the City hf, La Portel Texas