HomeMy WebLinkAboutO-1931-239
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ORDINANCE l~O. 239
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'An ordinance providing for the levy, assessment
and collecting of an Ad Valor1JD1 tax for the year 1931 of
and at the rate of One and 50/100 Dollars (~~1,50) on the
One hundred dollar valuation of the taxable property in the
city of La Porte, Texas for the current expenses and sinking
fUnd of the city.
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Be it ordai~ed ~y the City Council of the City of
La Porte, Texas.
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There is hereby levied and shall be assessed and
collected for the year 1931, on all the taxable property of
the city of La Porte, Texas on the first aay of January 1931,
an Ad Valorem of and at the rate of One and 50/100 Dollars
($1,50) on the one hundred valuation of all taxable property
in said city, estimated in lawful currency of the United States.
to be divided as follows. Forty five cents for the current ex-
penses for the year 1931 and 011e and 05/l00~l- Doi1ars ($1,05)
on the one hundred valuation for a sinkinf fund for the pur~
pose of paying the interest and principal on the bonded indebttue&&~E-
edness of the city to-wit;For the purpose. of paying the interest
and principal on warrants issued by the city for certain street
paving. For the purpose of paying the interest and principal on
bonds issued by the city for a water works system. For the pur--
pose of paying the interest and pBincipal on a $25,000,00 funded .
indebtedness, For the purpose of pa.y1ng the interest and prin- .
cipal on a $100,000,00 bon~ msue for the purpose of constructing
a sewer system, errecting a city hall building, extending the
present water works system and paving certain streets. .
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O'A.:rtit&.z~de~:ttd.z~<'lt]a!1i".ll'~:.'V'ltiwtt.toR.z..'1}01t~l-t-]jtS-;l-s-t-a_*~';l-~on . .,
"'e:ttt-~m~l1tlt:tt1t~t-s--:l-he1te'boJto1f'e.zl-t-~8'\ld-:,"~OSt.;l-U'eXtt-g.t-ti~l-s-t-:eeetl.zt-plt9t-~.zE-:lf:n
~e':l-ot''b1o)foO~~liia';rJ01tt-e':l-
There is hereby levied a tax of .05 on the one hun-
dred valuation for the year 1931 for tlie s1nk1ng funa ror
cer~a1n warrants 'heretofore issued for street paving in the
city of'La Porte, Texaso
, There is hereby levied a tax ~lae of .20 on the
one hundred dollar valuation for .the year 1931 for the sink-
ing fund to care:1f'or the interest and principal oIlA' $25,000,00
funded indebtedness . ' ,.
There is hereby levied a.~ax of .20 on the one hun-
dred dollar valuation for the year,193l for the sinking fund
to take care of a $30,000,00 bond issue for the purpose of
installing a water works system. in the city of La Porte, Texas.
..
There is hereby levied a tax of .60 on the one hun-
dred dollar valuation for the year 1931 for the sinking fund
to take care of a $100,000,00 bond issue for the purpoes of
installing a swwer system, erecting a city hall and fire sta-
tion,extending water system and doing certain street improve-
ments in the city of La Porte, Texas.
The remainder of said tax assessment of $1,59. on
the one hundred dollar valuation of the taxable property in
the city of La Porte, Texas, amounting to .45 on the one
hundred dollar valuation Shall be set asside for the current
expenses for the year 1931, such current expenses meaning the
repair of streets and bridges, sal~ries of all city officials
and employes and any other expense not covered by.the several
bond issues. .
The foregoing assessments are based on a valuation
of all taxable property in the city of La Porte, Texas wit,hin
the city limits amounting to$1,4l7,485.
There being a public emergency requiril1g that the oN.i~
ordinance be passed finally on the date of it's introduction, I
the rules requiring that an ordinance be read at three separate ~
meetings are hereby suspended and the ordinance is declared by the .
Mayor to be iri full force and effect on the day of it's intro-
duction i e th 14th day of September 1931.
-rtrrryt4G-,"
Mayor of the City of La Por
'Texas.
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Ci t Y Secretary
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JRDI.(.i.tJW3 EO. 8JC
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