HomeMy WebLinkAboutO-1943-308
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ORDINANCE NO. :aO z
AH ORDINAI~CE PROVIDING FOR THE LEVY, ASSESS~.iBNT ~ND COL-
LECTION OF J~H AD VALOREivI TAX FOR THE YEAR 1943, OF ~ND AT THE RATE
OF $1.50 ON EACH $100.00 VALUATION OF TAXABLE PROPERTY IN THE CITY
I: OF LA PORTE FOR THE PURPOSE OF PAYING THE INTEREST ON, AND A SINK-
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n'lG FU1l]) FOR THE REDEMPTION OF, "CITY OF LA PORTE REPUNDING BONDS,
SERIES 1935", "CITY OF LA PORTE SEWER FUNDING BONDS, SE-qIES 1938"
AND "CITY OT" r~A PORTE SE\iER IMPROVEMENT WARRANTS, SERIES 1943" AND
FOR PAYING CURRENT EXPENSES OF SAID CITY.
BE IT OJIDATInID BY THE CITY COUNCIL OF THE CITY OF LA POR E,
TEXAS:
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Section 1. There is hereby levied and shall be assessed
and collected for the year 1943, on all the taxable property in th
City of La Forte, Texas, on the 1st day of January of the year 194 ,
an ad valorem tax of, and at the rate of, One and 50/100 Dollars
($1.50) on each One Hundred Dollar ($100.00) valuation of taxable
property in said City, estimated in lawful currency of the United
States, far the purpose of paying the interest on, and a sinkine
fund for the redemption of, One Hundred Forty-Eight Thousand Dol-
lar (e148,000.00) "City of La Porte Refunding Bonds, Series 1935",
Eleven Thousand Five Hundred Dollar (~11,500.00) "City of LaPorte
I Sewer Funding Bonds, Series 1938", Fifteen Thousand Dollar
($15,000.00)"City of La Porte Sewer Improvement Warrants, Series
1943", and for paying current expenses of said City, and levied
I as follows, to-wit:
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I (a) There is hereby levied a tax of One Dollar ($1.00)
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on each One Hundred Dollar ($100.00) valuation of taxable property
in the Ci ty l)f La Porte, for the year 1943, for the purpose of pay
ine the current interest on, and to provide the necessary sinking
fUnd for, the One Hundred Forty-Eight Thousand Dollar (C148,000.00'
"City of La 70rte Refunding Bonds" issued in the year 1935, and th
, same shall be assessed and collected and applied to the purpose
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named.
(b) There is hereby levied a tax at Ten Cents (10~) on
each One Hundred Dollar (~100.00) valuation of taxable property in
the City of r,a Porte for the year 1943, for the purpose of paying.
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the current interest on, and to provide the necessary sinking fund
for, the Eleven Thousand Five Hundred Dollar ($11,500.00) "City of
La Porte Sewer Funding Bonds, Series 1938", and the same shall be
assessed and collected and applied to the purpose n~med.
(c) 'There is hereby levied a tax of Fifteen Cents (15~)
on each One Hundred Dollar ($100.00) valuation of taxable property
in the City of La Porte for the year 1943, for the purpose of pay-
inB the current interest on, and to provide the necessary sinking
fund for, the Fifteen Thousand Dollar ($15,000.00) "City of La Por e
Sewer Improvement Warrants, Series 1943, and the same shall be
assessed and collected and applied to the purpose named.
(d) There is hereby levied a tax of Twenty-Five Cents
(25~) on each One Hundred Dollar (~lOO.OO) valuation of taxable
property in the City of La Porte, for the year 1943, for the pur-
pose of paying the various current expenses of the City of La Port ,
for the year 1943, including street and bridge work and repairs,
payment of salaries of officers and all other necessary current
expenses of said City.
Section 2. The foregoing levies and assessments are
based on the valuation of all taxable pro~erty in the City of
La Porte, Texas, on January 1, 1943, amounting to the sum of One
Million, FivG Hundred Sixty-Eight Thousand, One Hundred Seventy-
Seven Dollaro ($1,568,177.00).
Section 3. The fact that the best interest and general
welfare of said City require this tax levy for the year 1943 in
order that it may meet its obligations promptly constitutes and
creates an emergency and an urgent public necessity re~,irinB that
the rules providing for ordinances to be read at three several
meetings be suspended and that this ordinance be passed as, and
take effect as, an emergency measure and such rules and provisions
are accordingly suspended and this ordinance is passed and shall
take affect as an emergency measure and shall be in full force and
effect immediately from and after its passaBe, and it is so or-
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dained.
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,tJassed and ap proved this the d/7-:.d., day of Bctober,
A. D. 1943.
ATTEST:
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.t~. .~;. .',y:t <_ ." ._-~-:..-i.. ........ ..".....t....f_~~~ "~... ~ .... ....
I! secretary of the Ci ty of La Porte,
, Texas