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HomeMy WebLinkAboutO-1947-353 ORDINANCE NO. 353 AN ORDINANCE PROVIDING FOR THE LEVY, ASSESSMENT AND COLLECTION OF AN AD VALOREM TAX FOR THE YEAR 1947, OF AND AT THE RATES OF $1.50 ON EACH $100.00 VALUATION OF TAXABLE PROPERTY IN THE CITY OF LA PORTE FOR THE PURPOSE OF PAYING THE INTEREST ON, AND A SINKING FUND FOR, THE REDEMPTION OF "CITY OF LA PORTE RE- i: FUNDING BONDS., SERIES 1935", "CITY OF LA PORTE SEWER FUNDING " II BONDS, SERIES 1938", "C;ITY OF LA PORTE SEWER REFUNDING BONDS; I I S1."'RIES 1944" AND "CITY OF LA PORTE WATER SYSTE)f REFUNDING BONDS, !j SERIES 1946", AND FOR PAYING CURRENT EXPENSES OF SAIn CITY. " ., i~ BE IT ORDAINED BY THE BOARD' OF COMMISSIONERS OF THE 'f I. CITY OF LA PORTE, TEXAS: Ii 'i ed and collected for the year 1947 on all the taxable property in : .1, ;1 the City of La Porte, Texas, on the 1st day of January of the ye"ar; :1 . 'I ;; 1947, an ad valorem tax of, and at the rate of, One and 50/100 it .; Dollars ($1.50) on each One Hundred Dollar ($100.00) valuation of 1I i: I) I: ;\ I; If .' e e Section 1. i There is hereby levied and shall be assess-: taxable property in said City, estimated in lawful currency of the United States, for the purpose of paying the interest on, and a sinking fund for the redemption of, One Hundred Forty-eight Thousand Dollars ($148,000.00) "City of La Porte Refunding Bonds, !, Series 1935", E1eventThousand Five Hundred Dollars ($11,500.00) "City of La Porte Sewer Funding Bonds, Series 1938", Fifteen Thousand Dollars ($15,000.00) "City of La Porte Sewer Refunding Bonds, Series 1944", Twenty-two Thousand Dollars ($22,OQO.00) "City of La Porte Water System flefunding Bonds, Series 1946", and >i\ I ! for paying current expenses of said City, and levied as follows, to-wi t : ) (a) There is hereby levied a tax of Fifteen cents (15~) on each Ond Hundred Dollars ($100.00) valuation of taxable property in the City of La Porte for the year 1947, for the pur- pose of paying the current ibterest on, and to provide the ne- cessary sinking fund for, the One Hundred Forty-Eight Thousand Dollars ($148,000.00) "City of La Porte Refunding Bonds" issued : I i I II I i: !f I I, I ,J r :1 I I I I . ! I. 'I , I - II 1/ I I I I f I e -2- e 10 the year 1935, and the same shall be assessed and collected and applied to the purpose named. (b) There is hereby levied a tax of One Cent (1st') on each One Hundred Dollar ($100.00) valuation of taxable property in the City of La Porte for the year 1947, for the purpose of pay-' I ing the current interest on, .and to provide the necessary sinking fund for, the Eleven Thousand Five Hundred Dollars ($11,500.00) , , "City of La Porte Sewer Funding Bonds, Series 1938", and the same i . , shall be assessed and collected and applied to the purposes named.i ! (c) There is hereby levied a tax of Six Cents (6st) on : , each Ond Hundred Dollars ($100.00) valuation of taxable property 1 I , in the City of La Porte for the year 1947, for the purpose of pay-! ing the current interest on, and to provide the necessary sinking fund for, the Fifteen Thousand Dollar ($15,000.00) "City of La Porte Sewer Refunding Bonds, Series 1944", and the same shall be assessed and collected and applie~ to the purpose named. (d) There is hereby levied a tax of Eight Cents (8~) I I on each One Hundred Dollars ($100.00) valuation of taxable proper~ ty in the City of La Porte for the year 1947, for the purpose of I i I paying the current interest on, and to provide the necessary sink1 I ing fund for, the Twenty-two Thousand Dollars ($22,000.00) "City I I I I I of La Porte Water System RefUnding Bonds, Series 1946", and the same shall be assessed and collected and applied to the purpose i named. ,: II II " :: II (e) I Dol- i I f , There is hereby levied a tax of One and 20/100 \Ii lars ($1.20) on each One Hundred Dollar ($100.00) valuation of taxable property in the City of La Porte for the year 1947, for I the purpose of paying the various current expenses of the City of ; I I La Porte for the year 1947, including street and bridge work and 11 repairs, payment of salaries of officers and all other necessary I fl current expenses of said City. I Section 2. The forego~lg levies and assessments are I I! based on the valuation of all taxable property in the City of La I Porte, on January 1, 1947, amounting to the sum of Two Million I ; I Five Hundred Thirty-one Thousand Twenty-seven Dollars 1 ($2,531,027.00). I. J: II :.! ;j il I e e -3. I ~ !! Ij era1 welfare of said City require this tax levy for the year 1947' I I i I Section 3. Th~ fact that the best interest and gen- in order that it may meet its obligations promptly constitutes and cre~tes an emergency and an urgent public necessi~ requiring I; that the rules providing for Ordinances .to be read at three sev- il ,. eral meetings be suspended and that this Ordinance be passed as. ! I ! I and take effect as, an emergency measure and such rules and pro- visions are accordingly SUspended and this Ordinance is passed :1 I. and shall take effect as an emergency measure and shall be in I ri fUll force and efrect immediately from and after its passage. and it is so ordained. II 'I D. 1947. I I I Passed and approved this the 30th day of December, A. e. I I' I . I I I I .I ,\,,1 /I I -_._~-- ) e e -r..... ,~, .- ORDINANCE NO. ;53 AN ORDINANOE PROVIDING FOR THE LEVY, ASSESSMENT AND OOLLEOTION OF AN AD VALOREM TAX FOR THE YEAR 1947, OF AND AT THE RATES OF $1.50 ON EAOH $100.00 VALUATION OF TAXABLE PROPERTY IN THE CITY OF LA PORTE FOR THE PURPOSE OF PAYING THE INTEREST ON, AND A SINKIMG FUND FOR, THE REDEMPTION OF "CITY OF LA PORTE RE- FUNDING BOliDS, SERIES 1935", ".cITY OF LA PORTE SEWER FUNDING BONDS, SERIES 1938", DeITY OF LA PORTE SEWER REFUNDING BONDS, S"..RIES 1944" A:ND "CITY OF LA PORTE WATER SYSTPX REFUNDING BONDS, SERIES 1946", AND FOR PAYING CURRENT EXPENSES OF SAID OITY. BE IT ORDAINED BY THE BOARD' OF OOMM ISSIONERS OF THE CITY OF LA PORTE, TEXAS: . ""-'" .e ... ., ~ Section 1. There is hereby levied and shall be assess- ed and collected for the year 1947 on all the taxable property in the City of La Porte, Texas, on the 1st day of January of the year 1947, 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, for the purpose of paying the interest on, and a sinking fund for the redemption of, One Hundred Forty-eight Thousand Dollars ($148,000.00) "City of La Porte Refunding Bonds, Series 1935", EleventThousand Five Hundred Dollars ($11,500.00) "City of La Porte Sewer Funding Bonds, Series 1938", Fifteen Thousand Dollars ($15,000.00) "City of La Porte Sewer Refunding Bonds, Series 1944", Twenty-two Thousand Dollars ($22,OqO.OO) "City of La Porte Water System ~funding Bonds, Series 1946", and for paying current expenses of said City, and levied as follows, to-wit: .....----- . tt. (a) There is hereby levied a tax of Fifteen cents (15t) on each Ond Hundred Dollars ($100.00) valuation of taxable property in the City of La Porte for the year 1947, for the pur- pose of paying the current ibterest on, and to provide the ne- cessary sinking fund for, the One Hundred Forty-Eight Thousand Dollars ($148,000.00) "City of La Porte Refunding Bonds" issued ,~- --------.--..-. - . . ~. ""I -2- ....-- --.... . '. e in the year 1935, and the same shall be assessed and collected a applied to the purpose named. (b) There is hereby levied a tax of One Cent (It) on each One Hundred Dollar ($100.00) valuation of taxable property 1n the City of La Porte for the year 1947, for the purpose of pay- ing the current interest on, .and to provide the necessary sinking fund for, the Eleven Thousand Five Hundred Dollars (.11,500.00) "City of La Porte Sewer Funding Bonds, Series 1938", and the same shall be assessed and collected and applied to the purposes named. (c) There is hereby levied a tax of Six Cents (6t) on each Ond Hundred Dollars ($100.00) valUation of taxable property in the City of La Porte tor the year 1947, for the purpose of pay- ing the current interest on, and to provide the necessary sinking fund for, the Fifteen Thousand Dollar ($15,000.00) "City of La Porte Sewer Refunding Bonds, Series 1944", and the same shall be assessed and collected and applied to the purpose named. .'~ :- .--, ~\ '= (d) There is hereby levied a tax of Eight Cents (st) on each One Hundred Dollars ($100.00) Valuation of taxable proper ty in the City of La Porte for the year 1947, for the purpose ot paying the current interest on, and to provide the necessary sink ing fund for, the Twenty-two Thousand Dollars ($22,000.00) "City of La Porte Water System Refunding Bonds, Series 1946", and the same shall be assessed and collected and applied to the purpose named. ~-"...... .e (e) There is hereby levied a tax of One and 20/100 Dol 1ars ($1.20) on each One Hundred Dollar ($100.00) valuation of taxable property in the City of La Porte for the year 1947, for the purpose ot paying the various current expenses of the City of La Porte for the year 1947, 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 property in the City of La Porte, on January 1, 1947, amounting to the sum of Two Million Five Hundred Thirty-one Thousand Twenty-seven Dollars ($2,531,027.00). . --- . '. <<'-. .. .~ -', -3- ~. e Section 3. Th~ fact that the best interest and gen- eral welfare of said City require this tax levy for the year 1947 in order that it may meet its obligations promptly constitutes and cre~tes an emergency and an urgent public necessi~ requiring that the rules providing for Ordinances.to be read at three sev- eral meetings be suspended and that this Ordinance be passed as, and take effect as, an emergency measure and such rules and pro- visions are accordingly suspended and this Ordinance is passed and shall take effect as an emergency measure and shall be in full force and effect immediately trom and atter its passage, and it 1s so ordained. Passed and approved this the 30th day 01' December, A. D. 1947. e, ~ .'. --"\. e'