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Home My WebLink AboutO-1952-435 . e . ORDINANCE NO. 435 e AN ORDINANCE PROVIDING FOR THE LEVY, ASSESSMENT AND COLLECTION OF AN AD VALOREM TAX FOR THE YEAR 1952, OF AND N! THE RATES OF $1.50 ON EACH $100.00 VALUATION OF TAX- ABLE ]:!iOFERTY IN THE CITY OF IA PORTE FOR THE PURPOOE OF PAYING THE INTEREST ON, AND A SINKnrG FUlm FOR, THE REDEMP.rION OF "CITY OF LA PORl'E REFUNDING BONDS, SERIES 1934", , i'CITY OF LA PORTE SEWER FUNDING BONDS, SERIES 1938', "CITY OF LA PORTE SE\Th'R REFUNDnm BONDS, SERIES 19L,4", .AND "CITY OF LA PORTE WATER SYSTEM REFUNDDfG BONDS, SERIES 1~6tt, ItCITY OF LA PORl'E STREET lMPROVEMElill' BONDS, SERIES 1949't, AND "CITY OF LA PORTE GARBAGE mc INE:RATOR BONDS. SERIES 1949", AND FOR PAYING CURREnT EXPENS ES OF SAID c:rr Y. BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF LA PORTE, TEXAS: Seotion 1. There is hereby levied and shall be assessed and oolleoted for the ,..-- " _ 'year 1932, on all the taxable property in the City of r. Porte, Texas, on the 1st day " of January of the year 1952, an ad valorem tax of, and at the rate of, One am 50/100 Dollars ($1.50) on eaoh One Hunired Dollars ($100.00) valuation of taxable property in said City, estimated in laWful ourrenay of the United States, far the p.u-pose of p~ing the int erest on, and a sinking fund for the redemption of, One Humred Forty- Eight Il'hous and Dollars ($148,000.00) "City of La Porte Re:f'unding BODds, Series 1934", Eleven Thousand Five Hundred Dollars ($11,500.00) ItCity of La Porte Sewer Funding Bonds, Series 1938", Twelve Thousand Dollars' ($12,000.00) 'tCity of La Porte Sewer Refunding Bonds, Series 1944", r-nty-Two Thousand Dollars ($22,000.00) "City of La Porte Water System Ref'lmding Bands, Series 19+6", Seventy-Five Thous and Dollars ($75,000.00) nCity I)f La Porte Street Improvement Bands, Series lSiJ.9", Twenty-Five Thousand Dollars e. ($25,000.00) "City of La Porte Garbage IncineratOr Bonds, Series 194.9", and for paying curren"; expenses of said City, and levied as follows, to"'Vtit: (SI) There is hereby levied a tax of Twenty-Beven Cents (.27) on eaoh One Humred Dollare: ($100.00) valuatim of taxable property in the City of J..a Porte for the year 1952, 1'01' the purpose of paying theourrent interest on, and to provide the necessary sinking .f\md for, the One Hundre"d Forty-Eight Thousand Dollars ($148,000.00) nC1ty of La Porte Refunding Bonds" issued in the year 1934, and the same shall be assessed and collected and applied to the purpecs e named. ...~ - .........., ," e . (b) There is hereby levied a tax of One Cent (.oi). on eaoh One Hundred Dollars ($100.00) valuation of taxable property in the City' of :La Parte for the year 1952, for --, '0 the purpos e of pavinD' the ourrent iIIt;erest on. and to provide the neoessa"' sinkinD' fund _\ loT --0 -J --0 for, ol;he Eleven Thousand Five Hundred Do1Jars ($11,500.00) "City of 1.& Porte Sewer Funding Bonds, Series 1938", and the same shall be assessed and oolleoted and applied to the purpOl:l e named. (0) There is hereby levied a tax of Three Cents (.03) on each One Hullllred Dollars ($100.00) valuation of' taxable property in the City of La Porte' for the year 1932, for the purpose of pe;ying the current interest on, and to provide the neoessary sinking fund for, .~:;he Twelve Thousand Dollar ($12,000.00) "City of La PoMie Sewer Refunding Bonds, Seriel:! 191J".", and the same shall be assessed am oolleoted and applied to the purpose nllDled.. e (d) There is- hereby levied a 1;ax of Five CeIIlis (.050) on eaoh One Hundred Dollars ($100..00) valuation of taxable property m 1;he City of La Porte for the year 1952. for the purpos e of pqing the ourrent interest on. and to provide the ne oessary sinking fund j~or, the Twenty-Two Thousand Dollars ($22,000.00) "City of La Porte Water System Ref\m.Cling Bonds. Series 1946", and the same shall be assessed and oolleoted and applied to thel purpos e named. ~' (e) There is hereby levied a 1;ax of Four Cents (.04) on eaoh One Hundred Dollars ($100.00) valuation of taxable property in the City of La Porte for the year 1932, for th.e purpose of paying the ourrent interest on, and 1;0 provide the necessary sinking fund f'or. the Seventy-Five Thousand Dollars ($75,000.00) "City of La Parte Stree1; Im- provel'tent Bonds. Series 1949", and the sa.me shall be assessed and oolleoted and applied to the purpos e named. (1') There is hereby levied a tax: of' One Cent (.01) on eaoh One Hundred Dollars ($100.00) valuation of taxable prope rty in the City of La Porte for the year 1932, for the pu:rpose of paying the ourrent interest on, and to provide the necessary sinking fund for, the Twen1;y-Five Thousand Dollars ($25,000.00) "City of La Porte Garbage In- oinera"hor Bonds, Series 1949", and the same shall be assessed and collected and applie Ii to the purpos e named. (l~) There is hereby levied iii. tax of One and 09/100 Dollars ($1.09) on eaoh One HWldred Dollars ($100.00) valuation of taxable property in the City of La Porte for thEI year 1952. for the pt.1rpQ:l e of paying the various expen.s es of the City of La- Porte for the year 1952, inoluding street and bridge \vork and repairs. paymsnt of sa larios of of:f!ioers and all:: other necessary ourrent expenses of said Cii?f. ......-.... .~ -. e ,.. -......... ,e ".. e e l3eotion 2. The fOt"egoing levies and assessments are based on the valuation of -, all t;llXab1e property in the Cityof' La Porte on January 1, 1952, amount ing to the sum o:r Three Million, Eight Hundred Eighty Three Thousand Dollars ($3,883,000.00). -- :3ection 3. The fact that the best werest and general welfare of said City requil:-e this tax levy for the year 19.;2 in order that it nay meet its obligations promp"l;ly constitutes and oreates an emergency and an urgent public necessity requir'" ing that the rule providing for Ordinances to be read at three s~vera1 meetings be suspended and that this Ordinanoe be passed as, and take effect as, an emergency measw~e and such rules and provisions are acoording1y suspended and this Ordinance is p.,13sed and shall take effect as an emergency :measure and shall be in full force and ej~fect immediately from and after its passage, and it is so Ot"dained. .taBsed and approved this the 16th d~ of October ,~ --... _ ., A. D. 1952. . exas. 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