HomeMy WebLinkAboutO-1948-365
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ORDINANCE NO. 36.5
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AN OFJ)XNANCE PROVIDING FOR THE LEVY, ASSESSjI,qEl\1T AND COLLEC~
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TIm! 07 AN AD VALORNt/f TAX FOR THE YE!l1R 1948, OF Al~D /~T THE RJ;'6TES
OF ~lo50 ON ~CH $100000 VALtATION OF TAX~BLE paOPERTY IN THE CITY
OF LA PORTE POR THE PURPOSE OF PAYING THE I~TEREST ONg AND A SI~~-
ING I'mID FOR>> THE REDE\[PTION OF ,oCITY OF LA PORl'E REFUNDING BONDS,
S'~RIES 1934~ ~ [OCITY OF LA PORTE SE~VER FUNDING BON'DS, i3ERIES 1938t9,
'~CrTY OF LA FORrE SEWER REFUNDINC BONDS>> Si!:RIES 1944fo anr:i e~GITY OF
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-A PORTE ','!ATI!R SYSTlOO REFU.l\IDIN~~ BONDS, SERIES 1946fD, l\:ND FOR PAY=
ING CVRRRNT ~tXPEl~SES O-? SAID CITYo
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BE IT 'J?.DAI1'ED BY TB:E BOARD OF cm~!'l' ISSIONERS or Tf.'E CITY OF
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....A POP.rE; TEXi.~:
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Sect it):l 10 There i~ ("ersby 1eviod and shall b(~ G'.i~ses3ed and I
collected for the year 1948 on all the te.:'!'ab1.e property :tn the City,1
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of La Porte, 'Pexas, on the 1 st day of Jp..nllary ~f the ~~eG.):o 1948, an
valorem. tp.:t of, and at the rRte of; One and SO/lOO Do7.1ars
((>1050) on el?..~h One Hundred Dollars ($100.00) valuation of taxable
lrroperty in snid City, estimated in lawful curren~y or t~e United
'its.tes, for the pu.rpose of payine; the interest on; and a sin,king
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for the 1.'edemption of>> One Rllndrf'd 7orty~eight Thr)t1fJand Dol~
ars (~?148,OOnoOO) ttClty of La Porte ~ef'lJnding Bonds, Sex-ies :!.931J.!'!l,
levfJl'l Thousand F;.ve Hundred Dollars (::;;11,500000) ['Ci.ty of J"a Porte I
C\1er J:o'unding Bonds, Series 1938u, Fifty Thousand Dol1aro
(~i5,OOO.CO) ('City of La Porte SeYler Refunding Bands, 3e:>les 1944[',
T..7enty~t'll'JO Th~tl,Sand Do1laJ."B ($22,000000) COCity of J..IBl. Por~;e Water
y
~={ef'und5,nr; }30nds, Series J,946i', and for paying curr'ont ex-
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enses of sair Ci.tYJI and levied as fo110\159 tO~t'Jit:
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~a) TJ;.ere is he,~~b:y' levied a tax of TVle:c.ty~f'i'U'3 c:;r..ts; (25~)
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n eacb. One g;:','lJd.r~~ ~ollarf]' (t~J.O()oOO) va.l uation of tt:\.Jw.,,<,)le property
n the City of La Porta for the yea~ 1949, for the pur~ouo of. pay=
ng ':1 e C~:.l~r>re:r~t ir..terest on, and to provide the naCeS8~).:r>Jl' sinking
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tV11.d 1'1.)1", the One Hundrod 1~')rty-e1ght Tho'l1Sand. DoD aY"r1
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~i:JA8,OOOo:>0) '~Ci'Cy 01' La ?or'zs Re.f\1.nding 30ndsrn la~':)..oe in tile ycp-.r
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934, u.nd the Jame shall be assessed ~.nd collectod end ap:;li0d to
he purpose nailed 0
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'r:'l,ere is herc1>y J cvied a tax of TiJO Cantf'! (~;rt) on
One; H1mdl'ed Dollars (~100000) val tlati:m of taxable p~~Jo:I:':rty in 'the I
Gi~y of La. P-:)rte ~or the year 1948, to'" the purpose of ~~aying the
~U7.'rent inte'r'~st on, and to provide thEl nocessA.ry SL:l],'(l~';.g fund forD
the J~:_Qven Ti'\ouSa.!O.d .Five Hundred Dollars ((;ill,9500000':fJC:":ty of La
Po:>ta SeneX' rl..1.uding BondHj) Series 1938t9" and t;'.e same shall be as=
sassed eno. c,)11 ect;ed and r.pplied to t?le p'l.1.rp~ses namcdo
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(c) '~horo is hereby levied a tax of !t'ov..t' Cent (I':rt) on efl~n.
One Hundred :)011a.7.'8 (~)100~OO) v~l '~B,t;~.on of taxable pr"oporty in the
C ;~ty of La Por"te for the ~.'ca:> , 948~ for the p~.',rpoE.:e (\f .t.:o.y:&ug the
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CU1':;,";;nt :l.nte:,'c$t on, e.r..c'.l to p roviC;o tho l1er.efi::t~r:y s lr'k1,:','3 fund for,
thG i?ifteen ~;:h')t~9s.nd Dollar (015,000000) ~Cit:l 0;[
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Rof'J.;:,.d::.ng donc'1s, aeries lS44t9, s'I1,d the same .che.1l be s.n,sesfJed a~d
col1.e~ted e.n( a.ppl ied to tee purpose nEl.i'!1edo
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{d) J"h~re is hG-T'ehy J evied 9. taJ~ of FOtir ~e:r':;~1 (.r:,t) on
l F.ls,ch 0::16 Hun(red Dollars (::';100.00) valuation of tB.X~J:':~a ~:)::?o'p~::"t;y ::..
i the C~'Lty of' ~ t.. Porte fo!' the yenr 1948, fo~ the pur9o,:!e ,.,,~ pnyi:l1B
,
I ths cu::>ra:nt j i;:"te::'est cr., ~~nd to prov:i.de the neces8ar~,' s:-".Ik::.ng ~J'ld
I for>> the T\"Je:::,t,,.-tw:'> Thouse.nd DolJ ers (~j22,\l 000000) r.Ci 1;~' of' La Port.,
YJatoz: SystelTl R~fundi~e; Bonds, Ser'-es 1916tn, and the fiLl.me shall bEl
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e.F1sessecl and collected and applied to the purpose n.at;1(~c.l61
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(19) 1hE'.ro is hareby lei.'ied a tax of Or..o a.r;r~ :lJ)/~.oo DolJax"lj
{ (., 1 r. \
',,'''' 00 :,,::, on
iZG..t.:h One H\L.~dred Do1Jo.r-s (~lOO.OO) V8.1t1!:'.t.i.J':m '..f
t':x&bJ.fJ
pl"o,pe:c'ty in tho City of La. Porote for> the yea.r 1948$1 ro:;:o ~~he pur""
pose> ::>f puyir.:.'t tt~e VF:.I'~.OUS C1.:.rl"'fJr.'t El;5tpense/5 of the Ci ts '.)1: :.:t;. Porte.
,fo!' t>8 year ~G,48Sl including stX'oat and bz'lde;e Do:r-k R,l::tO pspa:tI'sp
pe,l,1ti1ant of s~18..~~ as of off::.ce:NJ and r.J.l othe~ neceElua.:.:'y (~t.1.I'rent
e~pAn&eS or s~~d C~ty.
SeiCt1~:'1 2. The for'~e:cit"g levies B.nd !:\ssE:ss~'l1en{.3 :.LT-e ba.seC:~
\ on tk:<:\YaJ.1.i.9:; '.on or all t!:,_.1~s'bl<3 property :tl:i. th~ City .,: ~'.3. PortA
on. (::f:.U:'I;.S7.'jT 1", ~. 943", jtIlOu~.t~.nb to tl:-e S\.ThJ. "'1' Two M 111 ion Seven Hun~
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:dred Eighty-three Thousand, Six Hundred Fifty Dollars
(~2,783,650000).
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.sGct~_',)1: 3. The fact tbat tbG bo~t intel~e;st a:':"I.d ceneroJ.
l.'?'elfare of' S:9.id City require this tax lev, for the yc::r1,j'> 1948 '.n or
del' that it nay meet its obligations promptly conat~tut~s ano crc-
I ates I'll~, 3'TI3T.'J,Emcy and an ~.lrgent public necessity rcqu:L.z"lng that
the rlue providing for Ordinances to be read at thre~ ~everal meet
ings De susr-ended and that this Ordinance be pasQ8d C~E1j) 8.nd te-Jre
effect as, s:.n emergency measuro and such X"l1.J.as and p1'0V:j.sj,on[~ are
accorcli,r...gl~T Elvapendcd and this Ordinance is pa.ssed and ~hl!:l.ll take
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efl'ect as an er-'lergev,cy measure and shall be in full force and ef- 1
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fect immedi&taly from and after it3 p~s~~ge, ann it is 80 orderp.do.
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Ootober
PassFd. and appr:wed this the, 12th
da y 0 l'
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A. Do 19480
AT~l"'ST :f:..
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