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Home My WebLink AboutO-1949-389 . . ORDINANCE NO. 389 AN ORDINANCE mOVIDma FOR 'tHE LEVY, ASSESSMENl' AND COLLECTION OF AN AD e VAU'REM TAX FOR THE YE~iR 1949, OF AND AT THE RAXES OF ~}1.50 ON EACH $100.00 VALUATION OF TAXABLE mOPERTY IN THE CITY OF LA PORTE FOR THE PURPOSE OF PAYING TEE INTEREST ON, AND A SINKING FUND FCR, THE REDEMFTION OF "CITY OF IA PORTE REFUNDING BONDS~ SERIES 19,1J,1t J "Crry OF LA PORTE SEWER FUNDmG BONDSlI SERIES 19,8", "cm OF LA PORTE SEWER REFUNDING BONDS, SERIES 1944", AND "C rry OF LA PORTE WATER SYS'fEM REFUNDING BONDS J SERIES 1946n, tiC ITY OF LA PORTE STREEr IMPROVEMEN11 BONDS, SERIES 1949", AND CITY OF LA PORTE GARBAGE INCU,1DRAT<E. BONDS, SERIES 19491t, AND FOR PAYING CURRENT EXPENSES OF SAID crry.. BE IT <RDAINED BY THE BOARD OF CWUSSIONERS OF THE CITY OF LA PORTE, TEXAS : - Section 1. ~here is hereby levied and shall be assessed and oolleoted far the year 1949, on all the taxable property in the City of I.a Porte, Texas, on the 1st day of Januazy of the year 1949, an ad valorem tax of, and at the rate of, One and 50,/100 Dollars (01050) an eaoh One Hundred Dollars ($100voo) valuation of "tax.. ab:U, property in said City, est:lJna.ted in lawful ourrenoy of the United States, for 'e the purpose of paying the interest an, and a sinking fund for the redemption of, One Hundred Forty-Eight Thousand Dollars ($148,000eoo) IICity of La Porte Refunding Boncis, Series 1934", Eleven Thousand Five Hundred Dollars ($11,500.00) nCity at I.a .Porte Sewer Funding Bonds, Series 19,8" J Twelve Thousand Dollars ($12,000.00) "CH.y of I.a Porte Sewer Refunding Bonds, Series 19l44l1, I),'wenty-Two Thousand Dollars (~2:~,,000eOO) "City of I.a. Porte V/ater System Refundmg Bonds, Series 1946," Seventy- Fivl' Thousand Dollars (875,000.00) "City of I.a Porte street Improvemeub Bonds, Series 1949", Twenty-Five Thousand Dollars ($25,000.00) uCity of I.a Porte Garbage Ino:Lnerator Bonds, Series 19491i, and for paying current expenses of said City, and lev:Led as follows: to-\':it: (a) There is hereby levied a tax of One Cent (.01) on eaoh One H'lmdred Dol:La:rs (Oloo.oo) value.tion of taxable property in the City of La Porte for the year 194~h far the purpose of p~ing the ourrent mterest on, and to provide the neoessary sinking fund for, the Cne Hundred Forty-Eight Thousand Dollars (~l4B,000.00) "City of ::a Porte Refunding Bondsll issued in "the yea:r 19,4, and the s sme shall be assessed and oolleoted and applied to the purpose named. .~...--... e e e 4t (b) There is: hereby levied a. tax of One Cent (.01) on eaoh One Hundred Donars (8100,.00) valuation of taxable property in the City of I.a Porte for the yeaJ~ 1949~ for the purpose of paying the ourrent interest on, and to provide the neOI!lSsary sinking fund for ~ the Eleven Thousand Five Hundred Dollars (Glll,500.00) ItCi1:;y of La Por\:;e Sewer Funding Bonds, Series 1938" ~ and the same shall be assessed and colleoted and applied to the purpose named. (0) There, is hereby levied a tax of One Cent (.01) on eaoh One Hundred Dollars (0100.00) valudion of taxable property in the City of La Por\:;e for the year 1949, for the purpose of paying the ourreut interest on~ end to provide the neoessary sin:~ing fund for~ the '.!welve Thousand Dollar ($1211000.00) "City of I.a Porte Sewer Ref'1.mding Bonds ~ Series 19U,.tt II and the same shall be assessed and oolleoted and applied to the purpose named. 'f (d) There is hereby levied a tax of Two Cents (.ce) on each One Hundred ,- Dollars (0100.00) valuation of taxable property in the City of Is. Portie for the yea:r 1949, for the purpose of paying the ourren:t; interest on~ and to provide the neo'Gssary sinking fund far, 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 colleoted and applied to the purpose named. I r"ll ,.; i ..... (e) There is hereby levied a tax of Twenty-Two and One-Half Cents (.225) on eaoh One Hundred Dollars ($100.00) valuation of taxable property in the Cit:r of Is. Porbe for the year 1949, for the purpose of paying the ourrent interest on, and to provide the neoessazy sinking fund for, the Seventy-Five Thousand Collars ($75,000.00) "City of La Porte Street Improvement Bonds, Series 19l.e't, and the ,- same shall be assessed and oollected and applied to the purpose named. . .}..r1.,..., (f) Thera is hereby levied a tax of Eight; and One-Halt Cents (0085) on each One Hundred Dollars ($100.00) valuation of taxable properby' in the City of La Porte for the year 1949, for the purpose of paying the ourTent interest on, and to provide the neoesse.ry sinking fund for, the Twenty-Five Thousand Dollars ($25.000.00) "City of la Porte Garbage Inoinerator Bonds, Series 1949R, and the same shall be assessed and oolleoted and applied to the purpose named. , I (g) 'fhere is hereby ~evied a t ax of One a1'Jd. 14/100 Dollars (~101l.~) on eaoh One Hundred Dollro-s (~lOO.OO) valuation of taxable property in tho City of La Porte for the ye ar 1949, for the pur pos e of PSlfing the various expenses of the .. --.... City of La Porte for t:'lG yoar 1949, !no luding street and bridge work and repairs.. It p~'Illen:b of salaries of offioers and all other neoessary ourrent. expensos of said Ci1:iye /-----,. -- '<::. .,---~ ...... e ....-- -...... . e . Section 2. 'l'he foregoing levies and assessment s are based on the valua- tion of all taxable property in the City of Ia. Porte on January 1, 1949D amounting Seotion 3. The faot that the best interest and gen6l'al welfare of said Cit~' require this tax levy for the year 1949 in order that it may meet its obligations prOIllptly oonstitutes ar.d oreates an eImrgenoy and an urgent publio neoessity requir- i.;ng that the rule providing for Ordinanoes to be read at three several meetings be sus:f:'ended and that this Ordinanoe be po.ssed as, and take effeot as, an emergency measure and suoh rules and provisions are aooordingly suspended and this Ordinanoe is :passed and shall take effeot as an emergency measure and shall be in full force and effeot immediately from end after its passage, and it is so ordainedo Pas:sed and approved this the .2 7 f'Jt, d8iY' of ~ ~ I-~AaD. 19490 Mayor, City of La Porte, texas AT 'I~EST : Olerk, City of La Porte, Texas