1985-10-14 Regular Meeting - Laserfiche WebLink

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• ORDINANCE N0. 14721 • AN ORDINANCE LEVYING TAXES UPON TAXABLE PROPERTY LOCATED WITHIN AND SUBJECT TO TAXATION IN THE CITY OF LA PORTS, TEXAS; AND MAKING APPROPRIATIONS FOR SUPPORT, MAINTENANCE, AND IMPROVEMENT OF THE CITY GOVERNMENT OF SAID CITY OF LA PORTS; CONTAINING A REPEALING CLAUSE; CONTAINING A SEVERABILITY CLAUSE; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTS. Sections That there is hereby levied for the current fiscal year beginning October 1, 1985, and ending September 30, 1986, on all real property situated and all personal property owned within the taxable limits of the said City of La Porte, on the first day of January, 1985, except so much as may be exempt under the Constitution and laws of the United States, this State, and the City of La Porte, the following taxes: (1) An Ad Valorem Tax of and at the nine cents ($.4647) on the ($100.00) cash value thereof, currency of the United States f for the support,maintenance, City Government of said City of rate of four six one one hundred dollars estimated in lawful ~r the current expenses and improvement of the La Porte,Texas. (2) An Ad Valorem Tax of and at the rate of two five zero nine cents ($.2481) on the one hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the United States, to pay current interest on and provide one year's sinking fund and to pay all of the principal and interest accruing on all outstanding bonds lawfully issued by the City of La Porte. Section 2. All property upon which a rate of taxation is hereinabove levied shall be assessed on a ratio of one hundred percent (100) of the estimated market value thereof. Section ~. That the sums hereinafter accruing and collected from the hereinabove taxes so levied be and the same are hereby appropriated for the support, maintenance, and improvement of the City Government of the City of La Porte. section 4. If any section, sentence, phrase, clause, or any part of any section, sentence,. phrase, or clause, of this Ordinance shall, for any reason, be held invalid, such invalidity shall not affect the remaining portions of this Ordinance, and it is hereby declared to be the intention of this City Council to have passed each section, sentence, phrase, or clause, or part thereof, irrespective of the fact that any other section, sentence, phrase, or clause, or part thereof, may be declared invalid. Section 5. All ordinances or parts of ordinances in conflict herewith are hereby repealed to the extent of such conflict only.