HomeMy WebLinkAboutO-1945-320
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ILECTION
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ORDINANCE NO. 32' '
AN ORDINANCE PROVIDING FOR THE LEVY, ASSESSMENT AND COL-
OF AN AD VALOREM TAX FOR THE YEAR 1945, OF AND AT THE RATES
IOF $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 S INK-
,lING FUND FOR, THE REDPl4PTION OF "CITY OF LA PORTE REFUNDING BONDS,
SERIES 1935", "CITY OF LA PORTE SEWER FUNDING BONDS, SERIES 1938"
AND "CITY OF LA PORTE SEWER IMPROVFMENT WARRANTS, SERIES 1943" AND
FOR PAYING CURRENT EXPENSES OF SAID CITY.
I BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ~'POR
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i TEXAS:
Section 1. There 1s hereby levied and shall be assessed
and collected tor the year 1945 on all the taxable property in the
Clty of La Porte, Texas on the 1st day of JanuarJ of the year 1945,
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 ln said City, estimated ln lawful currency of the United
States, for the purpose of paying the interest on, and a sinking
I fund for the redemption of, One Hundred Forty-Eight Thousand Doll
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1($148,000.00) "City of La Porte Refunding Bonds, Series 1935",
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.jEleven Thousand Five Hundred Dollar ($11,500.00) "CitJ of La Porte
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!I Sewer Funding Bonds, Series 1938", Fifteen Thousand Dollar
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il($l5,OOO.00) "CitJ of La Porte Sewer Improvement Warrants, Series
:11943", and ror paying current expenses of said City, and levied as
,t01l0WS, to-wit: ,
I (a): There is hereby levied a tax ot EigbtJ Cents (80ti)
Ion each One Hundred Dollar ($100.00) valuation of taxable property
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! 1n the C1ty of La Porte tor the yes.r 1945, for the purpose of pay-
i lng the current interest on, and to provide the necessary sinking
fund for, the One Hundred Forty-Eight Thousand Dollar ($148,000.00)
"City ot'La Porte Refunding Bonds" issued in the year 1935, and th
same sh~l be assessed and collected and.applied to the purpose
I named.
(b) There is hereby'levied a tax of Five Cents (5~) on
each One Hundred Dollar ($100.00) valuation of taxa~le property in
the City of La Porte for the year 1945, 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) nCity of
! La Porte Sewer Funding Bonds, Series 1938-, and the same shall be
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Ii assessed and collected and applied to the purpose named.
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II (c) '!here 1s hereby levied a tax of Twenty Cents (20si)
~ on each One Hundred Dollu ( $100.00) val ua t10n of taxable property
I in the City of La Porte tor the year 1945, for the purpose of pay-
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! ing the current interest on, and to provide the necessary sinking
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I fund for, the Fifteen Thousand Dollar ($15,000.00) nCity of La POl' e
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! Sewer Improvement Warrants, Series 1943", and the same shall be
I assessed and collected and applied to the purpose named.
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(d) There is hereby levied a tax of Fort y-Five, Cents
on each One Hundred Dollar ($lOO.OO) valuation of taxable
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i property in the Oi ty of La Porte for the year 1945, for the purpos
i of paying the various current expenses of the Oi ty of La Porte for
I the ,eu 1945, including street and bridge work and repairs, pa1-
ment of salaries of officers and all other necessary current ex-
penses of said City.
Section 2. The foregoing levies and assessments are
based on the valuation ot all taxable property in the City of
0z18 Million
La Porte, on January 1, 1945, amounting to the sum. of
SixHtmdred l':ineteen Thousand Fifty Dollars
Dollars ($ 1,619,050.00 ) .
Section 3. The fact that the best interest and general
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I welfare of said City require this tax levy tor the year 1945 In
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I order that it may meet its obligations promptly constitutes and
! creates an emergency and an urgent public necessity requiring that
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: the rules providing for Ordinances to be read at three several
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, meetings be suspended and that this ordiaance be passed as, and
take etfect as, an emergency measure and such rules and provisions
are accordingly suspended and this ordinance is passed and Shall
take effect as an emergency measure and shall be in full torce and
I ertec t
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Passed and approved this
ATTEST: