HomeMy WebLinkAboutO-1946-324
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ORDINANCE NO. ~'"
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e.,' AN ORDINANCE PROVIDING FOR THE LEVY, ASSESSli!li:NT AND COL-
i! LECTION OF AN AD VALORBi TAX FOR THE YEAR 1946, OF AND AT THE RATES
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:1 OF ~1.50 ON EACH ~100.00 VALUATION OF TAXABLE PROPERTY IN THE CITY
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OF LA PORTE FOR TEE PURPOSE OF PAYING THE INTEREST ON, AKD A SINK-
ING FU:ND FOR, THE RED~~PTION OF "CITY OF LA PORTE REFUKDDm BONDS,
SERIES 1935", "CITY OF LA PORTE SEtplER FUNDING BONDS, S~ilIgS 1938"
AND "CITY OF LA PqRTE SEWER REFUNDING BONDS, SERIES 1944" AND FOR
PAYING CURRENT EXPENSES OF SAID CITY.
BE IT ORDAINED BY THE CITY COUNCIL OF TH~ CITY OF LA PORT~,
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TEXAS:
Section 1. There is hereby levied and shall be assessed
and collected for the year 1946 on all the taxable property in the
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;!City of La Porte, Texas on the 1st day of January of the year 1946,
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'ian ad valorem tax of, and at the rate of, One and 50/100 Dollars
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:1 (~1.50) on each One Hundred Dollar ($100.00) valuation of taxable:
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:1 property in se,id City, estimated in lawful currency of the United
[,States, fOD the purpose of paying the interest on, and a sinking
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II fund f~r the r'edem.ptio~ of, One Hundred Forty-Eight Thousand Dol- I
!Ilars (t;148,OOO.00) "City of La Porte Refunding Bonda, Series 1935",;
:1 Eleven Thousand Five Hundred Dollar (till, 500.00) "City of La Porte.
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:i Sewer Funding Bonds, Series 1938", Fifteen Thousand Dollar
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:~ (tl15,000.00) " City of La Porte Sewer Refunding Bonds, Series 1944""
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, and for paying current expenses of- said City, and levied as follows:,
" to-wit:
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(a) There is hereby levied a tax of TwentY-ffive cents
:' (25~) on each One Hundred Dollar ($100.00) valuation of taxable
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I property in tl'.:e City of La Porte for the yea!" 1946, fo!" the pu!"pose:
of paying the current interest on, and to provide the necessary sirik-
, ing fund for, the One Hundred fforty-Eight Thousand Dollar
(':148,000.00) "City of La Porte Refunding Bonds" issued in the year,
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1935, and the same shall be assessed and collected and applied to i
'the purpose named.
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(b) There is hereby levied a tax of Five Cents (5~) on
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, each One Hundred Dollar (~100.00) valuation
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, City of La Porte for the 1946, for
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:; the current interest on, and to provide the
of taxable property in!
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the purpose of paying !
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necessary ~inking fundI
: for, the Eleven Thousand Five Hundred Dollar ($ll,SOO.OO) "City of
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::La Porte Sewer Funding Bonds, Series 1938", and the same shall be
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! assessed and collected and applied to the purpose named.
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(c) There is hereby levied a tax of Ten C,ents (lOt) on
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'; each One Hundred Dollar ($100.00) valuation of taxable property in.
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:1 the City o~ La. Porte for the year 1946, for the purpose of paying .
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'1 the current interest on, and to provide the necessary sinking fund
for, the Fifteen Thousand Dollar (~lS,OOO.OO) "City of La Porte
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Sewer Refundir~ Bonds, Series 1944", and the same shall be assessed
and collected and applied,to the purpose named.
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(d) There is hereby levied a tax of One and 10/100 Dol-
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~; lars ((?1.10) on each One Hundred Dollar (~~100.00) valuation of tax~
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:~ able property in the City of La Porte for the year 1946, for the
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:. purpose of pa~'ing the various current expenses of the City of
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iLa Porte for the year 1946, including street and bridge ~ork and
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'I repairs, payment of salaries of officers and all other necesoary
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!; current expenses of said City.
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ilbaaed on the valuation of all taxable property in the City of
:, La Porte, on January 1, 1946, amounting to the sum. of One rl:illion
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II Six Hundred Seventy-Four Thousand Seven Hundred Sixty end SO/lOO
;/ Dollars ($1,674, 760.S0).
!I Section 3. The fact that the best interest and general
ilwelfare of said City require this tax levy for the year 1946 in
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: order that it may meet its obligations promptly constitutes and
Section 2.
The foregoing levies and assessments are
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;'creates an emergency and an urgent public necessity requiring that
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j; the rules providing for ordinances to be road at three several
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ii m.eetings be suspended and that this ordinance be passed an, and
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I:take effect as, an emergency measure and such rules and provisions
: are ~ccordingly suspended and this ordinance is passed anu shall
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;: take effect as an emergency measure and shall be in full:'orce and
!i effect immediately from 8I1d after its passage, and it i.:; so ordained:.
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Passed and approved this the oL3~day of Soptcmber,
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.. D. 1946.
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Texas
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;' ATTEST ~
:! 7Jvw,~ }/~.
ii Secretary of the 01 ty of' L Porte,
:1 Texas
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