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ORDINANCE NO.MLL L - 5 <br />J vJ� <br />AN ORDINANCE LEVYING TAXES UPON TAXABLE PROPERTY LOCATED WITHIN AND <br />SUBJECT TO TAXATION IN THE CITY OF LA PORTE, TEXAS; MAKING APPROPRIATIONS <br />FOR SUPPORT, MAINTENANCE, AND IMPROVEMENT OF THE CITY GOVERNMENT OF SAID <br />CITY OF LA PORTE; FINDING THAT ALL REQUIRED NOTICES HAVE BEEN PUBLISHED AND <br />ALL REQUIRED HEARINGS HELD; CONTAINING A REPEALING CLAUSE; CONTAINING A <br />SEVERABILITY CLAUSE; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND <br />PROVIDING AN EFFECTIVE DATE HEREOF. <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE <br />Section 1. That there is hereby levied for the fiscal year beginning October 1, 2014, and ending <br />September 30, 2015, on all real property situated and all personal property owned within the taxable <br />limits of the said City of La Porte, on the first day of January, 2014, except so much as may be <br />exempt under the constitution and laws of the United States, this State, and the City of La Porte, the <br />following taxes: <br />(1) An Ad Valorem Tax of and at the rate of sixty and five tenths cents ($.605) on the <br />one hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the <br />United States for the current expenses for the support, maintenance, and <br />improvement of the City Government of said City of La Porte; and <br />(2) An Ad Valorem Tax of and at the rate of ten and five tenths cents ($.105) on the one <br />hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the <br />United States, to pay current interest on and provide one year's sinking fund and to <br />pay all of the Principal and Interest accruing on all outstanding general obligation <br />bonds and certificates of obligation lawfully issued by the City of La Porte. <br />That this provides the sum of total Ad Valorem tax at the rate of seventy-one cents ($.71) on the one <br />hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the United States. <br />Section 2. All property upon which a rate of taxation is hereinabove levied shall be assessed on a <br />ratio of one hundred percent (100%) of the estimated market value thereof. <br />Section 3. That the sums hereinafter accruing and collected from the hereinabove taxes so levied <br />be and the same are hereby appropriated for the support, maintenance, and improvement of the <br />City Government of the City of La Porte. <br />Section 4. The City Council officially finds, determines, recites and declares that all notices required <br />by law have been published, and that a public hearing as required by law was duly called and held, <br />and that all matters prerequisite to the establishment and levy of an ad valorem tax have been <br />accomplished, all as required by the laws of the State of Texas, and the Home Rule Charter of the <br />City of La Porte. <br />Section 5. If any section, sentence, phrase, clause, or any part of any section, sentence, phrase, or <br />clause, of this Ordinance shall, for any reason, be held invalid, such invalidity shall not affect the <br />remaining portions of this Ordinance, and it is hereby declared to be the intention of this City <br />Council to have passed each section, sentence, phrase, or clause, or part thereof, irrespective of <br />the fact that any other section, sentence, phrase, or clause, or part thereof, may be declared invalid. <br />Section 6. All ordinances or parts of ordinances in conflict herewith are hereby repealed to the <br />extent of such conflict only. <br />