O-1979-1169 - Laserfiche WebLink

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. e . . . . ORDINANCE NO. 1169 AN ORDINANCE LEVYING TAXES UPON TAXABLE PROPERTY LOCATED WITHIN AND SUBJECT TO TAXATION IN THE CITY OF LA PORTE, TEXAS; AND MAKING APPROPRIATIONS FOR SUPPORT, MAINTENANCE, AND IMPROVEMENT OF THE CITY GOVERNMENT OF SAID CITY OF LA PORTE, TEXAS; AND PROVIDING AN EFFECTIVE DATE HEREOF. BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF LA PORTE, TEXAS: Section 1. .That there is hereby levied for the current fiscal year beginning October 1, 1979, and ending September 30, 1980, on all real property situated and all personal property owned within the taxable limits of the said City of La Porte, Texas, on the first day of January, 1979, 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 rate of seventy-seven ($.77) cents on the one hundred ($100.00) dollars cash value thereof, estimated in lawful currency of the United States for the current expenses for the support, maintenance, and improvement of the City Government of said City of La Porte, Texas. (2) An Ad Valorem Tax of and at the rate of fourteen ($.14) cents on the one hundred ($100.00) dollars 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, Texas. Section 2. All property upon which a rate of taxation is hereinabove levied shall be assessed on a ratio of eighty (80) percent of the estimated market value thereof. Section 3. 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, Texas. Section 4. The above and foregoing ordinance shall take effect and be in full force from and after its passage and approval, and it is so ordained. PASSED AND APPROVED, this the 19th day of September, A.D., 1979. CITY OF LA PORTE BY-=- J. J. ~ Meza, Mayor \ ,-- ATTEST: . 6 4- . J C~ APPROVED AS TO FORM: