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Home My WebLink AboutO-1950-408 ...-..-..... _. "..--.... - ., ..... ,,~ I~ ,-, .... ,. . . ~-' ,;,- ,,) . . . amINANCB NO. 408 AN amINANCI. ~VIDlNG FOR 1llE LEVY, ASSESSlIEIT AND COILlOO'l'Iat OF AN AD VA:LatEM TAX Pm TBE '!BAR 19S0, OF AND AT THE RATES OF 'l.SO (JI BACH 1100.00 VALUATIai OF TAXABLE PItOPmTY IN THE CITY OF LA POlTE FOR THE PURP<SE OF PAlING THE INTiREST (If, AKD A SINKING FDIm F<Il, THE REDEMP'l'IOf OF "CITY OF LA PCRTE REFUNDING BafDS, smDB 1934", "CITI OF LA PmTE SEWER FUNDDlG BOlDS, SERIES 1938", "CITY OF LA PalTE SPJIER REruHDING Barns, SEaIES 19la4", AND IICITY OF LA P(B'l'E WATm SlSTmI REFUNDING DDS, SlUES 1946", DCITY OF LA PeRTE STREET IMPROVEMENT BONDS, SERIES 194911, AND Dcrn OF LA PORTE GARBAGE DCDl!RAMt BCIIDS, SmIll8 1949", AND R>R PAYING CORRJI{T EXPiNSES OF SAID CIn. BE Dr ~DADED BY THE ,BOARD OF COMMISSIONms OF THE CITY OF LA PCRTE, TEXAS: Section 1. There is hereby levied and shall be assessed and collected tor the year 19S0, on aU the taxable properv in the CiV of La Porte" Texas" on the 1st dq of Janu817 of the 188r 19S0, aD ad valorem tax ot, and at the rate 'ot, ODe and So/loo Dollars ($l.SO) on each (De Hundred Dollars ($100.00) valuation of tax- able properv in said City, estimated in lawful currenCT ot the UD1ted States, tar tbe purpose ot p8l1ng the interest on, and a Id.nldng tlmcl tor tbe red.empt.1on of, One HandI"ed Fort)r.dagbt Thousand Dollars <1148,000.00) "City of La Porte Re.f'unt\ing Bonds, Series 1934", KLeven Thousand Five Hundred Dollars (I11,Soo.OO) DCityof La. Porte Sewer Funding BondS, Serie8 1938", Twelve Thousand Dollars (812,000.00) . ' u ' City ot La Porte Sewer Retunding Bands, Series 19"", Twenty-Two Thousand Dollars ~ . (8i22,OOO.00) "City of La Porte Water System RetlmdV-g Bouds, Series 1946", Sevanty... F1~e Thoussnd. Dollars (11S,000.00) Deity of La Porte Street Improyement Bonds, Stries 1949D, Twenty-Five Thousand Dollars ($2S,000.00) DCity of La Porte Garbage ulC1Deratcr Bonds, Ser::l.es 1916", end tor p8fing current expenses ot said City, and 1Elvied. as tollows: to-wi t: (a) There 1s hereby levied &. tax. ot One Cent (.01) on eadh Qae- Hundred DcUlars ($100.00) valuation ot taxable propert7 in the City of La Porte tor the J8ar lS~SO, tor the purpose of pqiDg tbe curreDt interest on, and to provide the necess817 s~ln1ri"g tuDd tar, the One Hmldred Fort;y.i1ght Thousand Dollars ($11a8,OOO.OO) nCity o:r La Porte RetWiaiDg ~.-'isSt1ed in the 18ar 1934, and the same shall be assessed 8Ild collected aDd app).1ed to the -purpose named. " ,.. e - ~ ,--..... - '. . (b) There 18 hereby levied a tax of ODe Cent (.01) on each ODd Hundred Dctllers (tJ,OO.OO) valuation of taxable property in the City of La Porte for the J'tlar 19$0, far the pirpo.. of paying the current interest on, and to provide the nf!lcess817 si1llri"g tund for, the Eleven Thousand Five Hundred Dollars ($11,$00.00) nC:lty of La Porte Sewer FundiDg Bonds, Series 1938", and the same shall be assessed B1'J,d collected and applied to the purpose Daaed. (c) There 1s hereby levied. a tax of ODe Cent (.01) on each Ole Hundred Daillars ($100.00) valuation ot taxable property in the C1V of La Porte for the year 19~O, tar the purpose of pq1ng the current interest on, and to provide the necessary lI:l:nklng fund tar, the 'J.'Ire1ve Thousand DoUar ($12,000.00) "City of La Porte Sewer RefuDtM"8 Bonds, Series 19h4n, and the same shall be assessed and collected and ap;pl1ed to the purpose named. (d) There 18 hereby levied a tax ot Four Cents (.04) on each One Hundred Dollars ($100.00) valuation or taxable property in the City of La Porte for the yeur 19$0, far the purpose of p8liDg the current interest on, and to provide the nec:essary lIIil\ldng tuDd far, the Twent7-'Two Thousand Dollars ($22,000.00)' "City of La Porte Water System Retund1Dg Bonds, Series 1946", and the same &hall be assessed" 8DCL collected and applied to the purpose named. (e) There 18 here by levied a tax of Seven cd Qne...Half' Cents (.07$) on each One Hundred ~ar8 ($100.00) valuat1o.!l of taxable property in the City of La Porte far the year 19$0, tar the purpose of P8l1ng the current interest OD, melt to provide the necess8l7 s1nld.Dg tW1d for, the Seventy...F1ve Thousand Dollars ($7'$,000.00) "City of La Porte Street Improvement Bonds, Series 1949", and the same shall be assessed and collected aDd applied to the purpose named. (f) ihere 18 hereby levied a tax of TnnV"Two and One-Halt Cents (.022$) ." on each QJd Hundred Dollars <1100.(0) valuation ot taxable propert7 in the Cit7 of La Porte for the year 19$0, tor the purpose of pq1Dg' the current interest on, and to provide the necessary sil\1rl~g fund far, the Tlrenty.F1ve Thousand Dollars ($2$,000.00) uCl'ty of La Porte Garbage Inc1Deratar Bonds, Series 19498, and the same shall be assessed aDd collected and applied 'to the purpose named. (g) bre i8 hereb7 levied a tax at One and 13/100 Dollars (11.13) on e&c11 One Hundred Dollars ($].00.00) TaluatiCD of taxable property 1D the CitT of La. ;Porte tar hthe-'Y'ear 19S,o,--tor-the purpose of pqing the various expenses of the Cit;, of La Porte tts" the Tear 19$0, including street 8Dd bridge 'Work and repairs, . pay.lII.eDt ot salme s ot officers and all other neces88Z7 current expenses of said Cit.,. -~ ......-....... - .... --.. ,e ~-... e ,.,."..-- ,- ~.- . . Seetion 2. The Foregoing lmes and assessments are based on the valua- tion of all taxable property in the CiV of La Porte on J8I1118.r7 1, 19$0, amounting to the sum at Three ~on, Seven Hundred. FortJ-Fi ve Thousand, Two HlD1dred and E:Lght,y Dollars (13,716,280.00). SeCtioD 3. The fact that the best interest md general well'are of said. Cit1' require this tax le'V)" tor the 1'ear 19$0 in order that it mq meet its obligations promptly CODsti tutes and creates 811 emergenc1' and an urgent public necessit1' requir- ing that the rule prov:1.ding for Ol"d:l.D8DCes to be read at three several meetings be 8U8pended and that this Ordiu8JJCe be passed as, and take effect as, an .ergenq measure, and such ~es and provisions are accordinglJr suspended and this Ordinance i8 passed IIId. shall take effect 88 811 emergency measure and. shall be in .t\1ll 'tarce and effect 1Imediatel7 from and arter its passage, 8Dclit is so ordaiDed. ~ Passed and approved this the ~ / ! -I- dq of fi t! ~ ( A. 'D., 19$0. $ ~La-;;rte. Texas Al'f~ ~' Cl~. ~t7 La o~ .~. -~-!'-!'-- --- ........-------. '-