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Home My WebLink AboutO-1951-418 . . ORDINANCE NO. 418 AN ORDINANCE PROVIDING FCR ~ lEVY, ASSESSMENT AND COLLECTION OF AN AD VALCREM .- -.. , . '", TAX FOR THE YEAR 1951, OF AND AT THE RATES OF $.1.50 ON EACH $100.00 VALUATION OF TAX- ABLE .PROlERTY IN THE ClT,Y CF LA PORTE FOR THE PORPOOE OF PAymG THE mTEREST ON, AND A SINKING FUND FOR, THE REDEMP.r ION OF "O!rY OF LA P<RTE REFUNDING BONDS, SERIES 19340. "CITY OF LA P<RTE SEWER FUNDING BONDS, SERIES 1938", "CITY OF LA PCRTE SEWER REFUNDING BQtIDS, SERIES 1~0, AND "CITY OF LA PORTE WATER SYSTEM REFUNDING BONDS, SERIES 1946", "CUI' OF LA PORTE STREET IMlROVEMENT BONDS, SERIES 1949',t, AND "Cll'Y <F LA PORTE GARBAGE INI~ INERAT<R BONDS, SERIES 1949't, AND FOR PAYING CURREN!' EXPENSES OF SAID C1l'Y. BE 1T ORDAINED BY THE BQc\RD OF COMMISSIONERS OF TEE CITY OF LA PORTE, TEXAS: Section 1. There is hereby levied and shall be assessed and colleo'ted for 'the yel'fr 19.)1, on all 'the 'taxable property in 'the Ci'ty of 1a Por'te, Texas, on 'the 18't dq .- - -", of January of 'the year 1931, an ad valorem 'tax of, and a't 'the ra'te of, One and. 50/100 '. .I Dollars ($1.50) on eaoh One Hundred Dollars ($100.00) va1ua'tion at taxable property in said City, es'ti.mn'ted in lawful ourrency of the United Sta'tes, for, the purpose of p~'i.ng the interest on, and a sinking fund for the redemption of, One Humred For'ty- Ei@;h't Thousand Dolla rs (t14B,000.00) "City of La Porte Refunding Bonds, Series 1934", Eleven Thousand Five Hundred Dollars ($11,500.00) "City of Le. Porte Sewer Funding Bonds, Series 1938", Twelve Thousand Dollars ($12.000.00) "City of I.e. Porte Sewer Refunding Bonds, Series 1944", Twenty-Two Thousand Dollars ($22,000.00) "City of La Porte Water System Refunding Bands, Series 15460, Seventy-Five Thousand Dollars ($75,000.00) U ' It ity of La Porte Street Improvement Bonds, Series 194.9"', Twenty-Five Thousand Dollars ($25,000.00) "City of La Porte Garbage !noinerator Bonds, Series 1~9tt, and for paying --...... .. current expenses of said City, and levied as follows, to-wits (a) There is hereby levied a tax of Twenty-Beven Cents (.'i!'f) on each One Hundred Dollars (8100.00) valuation of taxable property in the City of La Porte for the year . 195:1, for the purpose of paying the ourrent interest an, and 'to ~ ovide 'tle necessary sini'd.ng f'und for, the One Hundred For-ty-Eight Thousand. Dollars ($148.000.00) "City of La ]~arte Refunding Bonds" issued in the year 1934, and the same shall be assessed and oolleoted and applied to the Pllrpose named. -',.. t. . (b) There is hereby levied a tax ot One Cent (.01) on each One Hundred Dollars (.100.00) valuation ot taxable property in the City or La Porte tor the year 1931, tor ~ .--......, - the purpose of pqing the ourreub interest on, and to provide the necessary sinking f\md tor, the Eleven Thousand ~'ive Hundred Dollars ($11,500.00) "City or La Porte Seller FlmdiIIg Bo:l1ds, Series 1938", and the same shall be assessed and 'oollected and applied to the pu:rpos e named. (0) There is hereby levied a tax ot Three Cents (.03) on each One Hundred Dollars (1100.00) valuation of taxable pr0perty in the City of La Porte tor the year 1931, for thi, purpose of P8iY'ing the ourreub interest on, and to provide the neoessary sinking tlmd tOJ", the Twelve Thousand Dollar ($12,000.00) "City or La Porte Sewer Refunding Bonds, Series 1944", and the same shall be assessed and oolleoted and applied to the purpose natl18 d . .' --... " (d) There is hereby levied a tax ot Five Cents (.050) on eaoh One Hundred Dollars (8lCl()'OO) valuation ot taxable property in the City or La Porte for the year 1951, tor -- the, purpose or pay1ng the ourreub interest on, and to provide the necessary sinking .f\md tor, the TW8llty-Two Thousand Dollars ($22,000.00) "City at Ie. Porte V'/ater System Ref'Unding Bonds, Series lSit.6", and the same shall be assessed am. ooll~oted and applied to the purpose mmed. (e) There is hereby levied a tax ot Four Cents (.d+) on eaoh One Hundred Dollars ($100.00) valuation or taxable property in the ,City of La Porte tor the year 1951, tor the purpose ot P8iY'mg the current interest an, and to provide the necessary sinking fund, for, the Seventy-Five Thousand Dollars ($75,000.00) "City or La Porte Street Im- prO'~ement Bonds, Series 1949", and the same shall be assessed and colleoted and applied ".......~ e . to 'bhe purpose named. (t) There is hereby levied a tax of One Cent (.01) on eaoh One Hundred Dollars (3100.00) valuation or taxable property in the City of La Porte for the year 1951, for the purpose of paying the ourrent interest on, and to provide the neoessary sinking f"lmCL tor, the Twenty-Five Thousand Dollars (~25,000.OO) "City of La Porte Garbage In- omeEl"ator Bonds, Series 1949", am the same shall be assessed and oolleoted and applied to the purpose named. (g) There is hereby levied a tax of One and 09/100 Dollars ($1.09) on each One Hundred Dollars ($100.00) va1uat ion ot taxable property in the City ot La Porte for the year 1951, for the purpose of paying the various expenses or the City of La- Porte tor the year 19)1, inoluding street and bridge work and re];airs, payment of .......~-. -, salaries ot offioers and all other neoessary ourrent expenses or said City. . . Section 2. The foregoing levies and assessments are based on the valuation or - all taxable property in the City or La Porte on January 1, ,1951, amotmting to the sum of Five Million, Five Hundred Thousand Dollars ($5,500,000.00). Seotion 3. The faot that thebest merest and general welfare of said City require this tax levy for the year 1931 in order that it ~ meet its obl:lgations ,.-.......... 'promptly oonstitutes and oreates an emergency and an urgent public necessity requir- ing that the rule providing for Ordinances to be read at three several D!etings be suspended and that this Ordinanc e be J;assed as, and take effeot as, an emergenoy measure end suoh rules andprovisi ons are acoordingly suspended and this Ordinance :is passed am shall take effeot as an emergenoy measure and shall be in :fUll force and effeot iDIIlediately from and after its passage, and it is so ordained. Passed and approved this the 28th day of September ,...---....." _ A. D. 1951. ~~~.. Texu ~T' C. ~y Clerk, City ~ Texas '. ~ ~-....- -