HomeMy WebLinkAboutO-1940-283
e
.
'.
(' /:.
ORDI1WfCE WOe " () :;
AN ORDINANCE PROVIDING FOR THE LEVY, ASSESSMENT AND COLLECTION OF AN
AD VALOREM TAX FOR THE YEAR 1940 OF AND AT THE RATES OF .1.50 ON EACH $100.00
i
i VALUATION OF ~LE PROPERTY m THE CITY OF LA PORTE FOR THE PURPOSE OF PAYING
!
i THE INTEREST ON. AND A SINKING FUND FOR THE REDEMPTION OF. "CITY OF LA PORTE
I
,
REFUNDING BONDS. SERIES 1935" AND n CITY OF LA PORTE SEWER FUNDING BONDS. SERIES
I 1938" AND illR PAYDTG CtJRRENT EXPENSES OF SAID CITY.
I'
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORD. 'l'EXASt
Seotion 1. There is hereby levied and shall be assessed and co11eote
.
I
; for the year 1940. on all the tamb1e property in the City of La Porte. Tems.
I em the 1st day of January of the year 1940. an ad valorem tax of. and a't the
, rate of. One aDd 50/100 Dollars ($1.50) on each One Hundred Dollar ($100.00)
I
I. wluation of _bIe property in ea1d CitT. esilbated in la'wfUl ourr_ of -
, United States. for the purpose ot PLying the interest OD. and a sinking fund to
the redemption of. One Hundred Forty-Eight TPousand Dollar <$148.000.00) "Oity
of La Porte Ref'uJJd1Dg Bonds. Seriee 1935". E1e-nn Thousand Five HUDired Dollar
(811.500.00) "City of La Porte Sewer Funding Bonds. series 1938" and for paying
current expenses ot said City. and levied as to1lows. to-wit:
(a) There is hereby levied a tax ot One Dollar ($1.00) on eaoh One
I HUDlred Dollar <$100.00) valuation of 'taD.b1e property in the City of La Porte.
:1 far the year 1940. for the parpoee of paying the current interest on, and to
provide 'the neoessary si."ldng fuDd for. the One Hundred Forty-Eight Thousand
Dollar ($148.000.00) "City of La Porte RetuJ2ding Bonde" issued in the year 1935.
and the same shall be assessed am oollected and applied to the purpose named.
(b) There is hereby levied a tax of Tweaty oents (20s!) on eaoh One
HUDired Dollar ($100.00) valuation ot ta:xable property in the City of 16 Porte.:
-'.
.,.
tor the year 1940. for the purpose of paying the ourrent iJI\;erest em. am 1;0
provide the neoeB~ sinking fund tor, "hhe Eleven Thousand Fi va HUDdred Dollar
(111.500.00) "City of I4 Porte Sewer Funding Bonds. Series 1938", ami the same
shall be assessed and oOl1eoted and applied to the purpose named.
(0) There is hereby levied a tax of Thirty cents (30s!) on each One
Hundred Dollar ($100.00) 'VB.lua1;ion of taxable property in the City of La Porte.
for the year 1940. for the parpose of paying the "Iarious current expenses of
the City of IA Porte tor the year 1940. including street and bridge work and
repairs. payment of salaries of oftices and all o1#her necessary ourrent ex-
penues of said City.
e
e
.
-2.'
Section 2. The foregoing levies and assessments are based em the
: ft.l.uation of all ta:m.ble property in the City of La Porte. Tems. em. January 1.
11940. amounting to the BUIll of One Million Four Hundred Eighty-Two Thous8.Dd
I Seven HUDdred Twenty-Nine Dollars <$1.482.729.00).
Section 3. The faot that the best interest and general welfare of
said City require this tax levy for the year 1940 in order tbat it .1' meet its
obligations prcm.ptly oonstitutes and oreates an emergenoy am an urgerrt publio
! neoesBi'ty' requiring that the rules proridi:ng for ordinanoes to be rea.d at three
I
,
I several meetings be suspended and that thi"s ardi:canoe be passed as. am take
effect as. an emergenoy meaeure and such rules and prov:lsions are aooordingly
,
e :j suspended and 'this ordinance is passed and shall take effeot as an emergenoy
meaB1.U'e am shall be in tall force and etreot immediately trcm. am after its
e
e
passage aDd it is 80 ordained.
"
Passed and approved this the
A. D. 1940.
ATTEST:
.