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<br />ORDINANCE NO. 1606
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<br />AN ORDINANCE LEVYING TAXES UPON TAXABLE PROPERTY LOCATED WITHIN
<br />AND S~BJE~T TO TAXATION 'IN THE'CITY OF LA PORTE, TEXAS; MAKING
<br />AP~ROPRIAr~ON~ FOR,SUPPORT,' MAINTENANCE, AND,IMPROVEMENT OF THE
<br />CITYGOVERNM~NT' QF SAID'~ITY'OF LA'PORTE; FINDING THAT ALL
<br />REQUIRED NOTlCES',HAVE '~EEN',PUBLISHED AND ALL' REQUIRED HEARINGS
<br />~ELD;'CONT4INJ;NG A, .REPEALING CLAUSE; CONTAINING A SEVERABILITY
<br />GLAVSE; FIND~NG'COMPLIANCE'WITHTHE OPEN'MEETINGS LAW; AND
<br />PROVIDING A"'"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 />"_ ,~ec~~~n. J~ ~hat the~~ ,is hereby levied for the, current
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<br />fiscal year begi~n~ng, October 1, 1988, and en~ing September 30,
<br />~~~~~ on_a~~ real ~~op~rt~ situated"~nd all personal property
<br />ow~ed ~~~hi~ ,t~e ta~~ble limits o~ t~e said_City of , La Po~~e, on
<br />~~~..~i,:,st d~}' ,~f Janu~ry" 1988, except so much as may be exempt
<br />~~de~,the ~on~tit~tion ~nd l~~s ,of the Uni~ed States, this State,
<br />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, four nine point
<br />zero nine cents. ($.4909) on the one hundred dollars
<br />($1nO~00) cash ,valu~ thereof, estimated in lawful
<br />cur~ency of, the United States fo~ the cu~rent expenses
<br />fo r. the suppo rt, "maintenance, and' imp rovement of the
<br />Ci~y Government of> said City of La Porte; and
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<br />(2) An Ad Valorem Tax of and at the rate of one eight point
<br />nine one cents' ($.1891) on the one hundred dollars
<br />($100.00) cash -value thereof, estimated in lawful
<br />currency of the United States, to pay current interest
<br />on and provide one year" s sinking fund and to pay all
<br />of the principal and interest accruing on all
<br />outstanding general obligation bonds and certificates
<br />of obligation laWfully issued by the City of La Porte.
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<br />~ha~ ~his p~ovi~es the sum of total Ad Valorem tax at the
<br />rate of six~y-eight cents ($.68) on the one hundred dollars
<br />(~19q~00) cash value thereof, ~stimated in lawful currency of the
<br />United States.
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<br />,Secti~n ~~ Al~,~roperty ~pon which a rate of taxation is
<br />hereinabove levied, shall be assessed on a ratio of one hundred
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<br />percen~,(109%) of the es~imated market value thereof.
<br />Secti~n ~~ T~~t,~~~ ,sums ~er~inafter accruing and co~lected
<br />from the hereinabove taxes so levied be and the same are hereby
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<br />ap~ropriated for the support, maintenance, and improvement of the
<br />City G~ve~nment of the City of La Porte.
<br />Section 4. The City Council officially finds, determines,
<br />r~cites and declares that all notices required by law have been
<br />~~b~ished, and, tha~ a public hearing as required by law was duly
<br />c~l~e~ ~nd ,~~ld, a~d that all mat~ers prerequisite to the
<br />e~~a~~i~h~~nt a~d l~vy ~f ,a~, Ad Valorem tax,have been
<br />~~complished, all as required by the laws of the State of Texas,
<br />and the Home Rule Charter of the City of La Porte.
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