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Home My WebLink AboutO-1953-449 y' . ..., . ORDINAN CE NO. J.,49 AN IltDINANCE PROVIDING FOR THE LEVY, ASSESSMENT AND OOLLECTION OF.AN AD VALOREM TAX 'FOR THS: !FAR 1953, OF AND AT THE RATFS OF $1.75 ON EACH $100.00 VALUATICJol OF TAXABLE PROPERTY IN THE CITY OF IJt PORTE FOR THE PURPOSE OF PAYmG T HE INTEREST ml, AND A SINK- 1NG FUND FOR, THE REDEm"'l'ION OF "CITY OF LA PaRrE REFUNDOO BONIB, SERIES 1934", "CITY OF LA PORrE SEllER REFlJNDmG BONDS, SERIES 1944", AND "Cn'Y OF LA PCRTE WATER SYSTEM REFONlJ.OO BONDS, SERIES 1946", "CITY OF LA. PORl'E STREET IMPR.OVEl[ENT BONDS, SERIES 1949", AND "CITY OF LA PORrE GARllAGE INCINERATOR BONm, SERms 1949", "CITY OF J..A PORTE SmEEr IMPRO~r;EM]NT' BONDS, SERIES 1953-A", "CITY OF LA PORTE CITY HALL BONts, SERIES 1953", AND FOR Pl.YJID CURRENT EXPENSES OF SAID CITY. BE IT (R~ BY THE OOARD OF COMMISSIONERS OF THE CITY OF LA PORTE, TEXAS: Secrtion 1. There is hereby levied md shall be assessed and collected for the yesr .-- 1953, on all the taxable pl"opet'ty in the City of La PoIte, Texas, on the lsti day of ........, . . JanuB:l~y of the year 1953, an ad vaJ.arem tax: of, and at the r ate of, One and 75/100 DollaJ~s ($1.75) on each One Hundred Dollars ($100.00) valuation of taxable properby' ..--.... e in sald CLty, estimated in larr.ful currency of the United states, for the purpose of pqing the interest on, and a s~ fund far the redemption of One HuJdred Forty-- Eight Thousand Dollars ($148,000.00) "City or La Porte Refunding Bonds, Series 1934", Trielve Thousand Dollars ($12,000.00) "City or La Porte Sewer Retuncli.ng Bonds" Series 1944", Twenty-Two Thousand Dollars ($22,000.00) "City of La PoIte Water System Refund- ing Bonds, Set'ies 1946" Sevezrty-Five Thousand Dollars (~~75"ooo.oo) "City of La Porf;e street ImprovemeIIli Bonds, SEries 1949", 'l'wenty-F.l.ve Thous'and Dollars ($25,000.00) "Cit~. of La Porte Garbage llciners:tar Bonds, Series 19W", Two Hundred Thousand ,....->. ($200,000.00) "Ci 'GY' of La Porte Street Improvement Bonds, Set'ies 1953-A"" Twelve Thous- ~'. :..md ($12 " 000. 00) "City of La Porte City Hall Bonds, Series 1953", and for paying current expenses of said City, aDd levied as follows, to-'wit: (~l) There is hereby levied a tax of Thirty Cents (.30) on each one Hundred Dollars ($lOC).OO) valua'tion of taxable p1"operty in the City of La Porte for t he year 19.53, for the ];nxt'pose of p~ the cUI:'rent irIterest on, and. to provide the necessary sinking fund for, the One Hundred Farty-EigbI; Thous:andDollars ($148,000.00) "City of La Parte Re- Fund:i.ng Bonds" issued in the year 1934, and the same shill be assessed and collected and applied. to the purpose naned. . . ~.... . (b) There is hereby levied a tax: of One Cent (.01) on each One HWldred Dollars ($100.00) valuat.i.on of taxable property in the City of La Porte far ihe year 1953, for the put'pose of p~f.ng the Cut'rent interest on, and to provide the necessary si.nk:i.ng fund for, the ; '~".TweJ.ve Thousand Dollar ($12,000.00) "City of La Porte Sewer Refunding Bondsl Series 1944", . _' and the s sme shall be assessed and collected and applied to the purpose named. (c) There is hereby levied a tax of One Cent (.01) on each ODd Htmdred Dollars ($100.00) valuation of taxable properly in the City of La Porte far the year 1952, for the purpose of paying the current interest on, and to prov.i.de the necessary sinld.ng fund far, the Twenty-Tlro Thousand Dollars ($22,000.00) "City of La Porte 1Tater System Refunding Bonds, Series 19461t, and the same shall be assessed and collected ani applied to the purpof:e named. (d) There is hereby levied a tax of Eight; Cents (.08) on each One Hundred Dollars ($100..00) valuation of taxable property in the City of La Porte for the year 1953" far the purpose of paying thec u rrentinterest on, and to provide the necessary sinld.ng fund ~;...~, :.. '~ar, ii1Je Seventy-Five Thousand Dollars ($75,000.00) "City of La Porte street Improve- 'f,:,'> 'ment Bords, Sat":i.es 1949", and the sane shall be assessed and. collected and applied to the pu.rpose named. (e) There is hereby levied a tax of Eight; Cents (.08) on each One Hundred Dollars ($lOO.(X>) valuation of taxable property in the City of La Porte far the year 1953" for the purpoise of paying the current intm-est on, and to provide the necessary sinldng fund for" the TllJenty-Five Thousand Dollars ($25,000.00) "City of La Porte Garbage Incinerator Bonds, Series 1949", and. the sane shall be assessed ani collected and applied to the purpose named. (f) There is hereby leVied a tax of Thirty-Two Cents (.32) on each One Hundred Dollars ($100.00) valuation of taxable property in the City of La Pone for the year .....---...... . '. '953, far the purpose of paying the CI1I'1'ent interest on, and to provide the necessary sinking .fund for, the Two Hundred Thousand Dollars ($200,,000.00) "City of La Porl:;e Stree:t Impravemen:f:; Bonds" Series 1953-A", and the same shall be assessed and collected and ~iPP1ied to the purpose named. (g) There is hereby levied a tax of Six cents (.06) on each One Hundred Dollars ($100.00) valuation of taxable property in the City of La .porte for the year 1953, for the purpose of paying ihe cut'rent interest on, and to proV'lde the necessary sinking .fund far, the Twelve Thousand Dollars ($12,000.00) "City of La Porte Oity Hall Bonds" Series 1953", and the same shall be assessed. and collected. and applied to the purpose named. (11) There is hereby levied a tax of Ei@1ty-Nine Cents ($.89) on each One Hundred ~-- -, .:1)o11:I.1"S ($100.00) valuation or taxable property in the City of La Porte for the ye/r '~ '1953" for the purpose of paying the various expenses of the City of La Porte for the year 1953, including sweet and bridge w ark and repa:irs" p~ent at salaries of officers and all other necessary expenses of said City. . ~." .. . Sec~iiion 2. The foregoing levies ani assessments are based an the vaJ.. uation of all ,..<;:-".taxab1J3 property in the City of La Porte on January' 1" 1953, amounting to the sum of ; .f', fhree :Million, Nine Hundred Sixty-Three Thousand and Ton Dollars ($3,,963,010.00). " Sec'tion 3. The fact that the best :interest aId genet'aJ. welfare of said City' require this tax levy for the year 1953 in order that it ma;y meet its obligations promptly constitutes and creates an emergency ani an urgent public necessity' requiring that the rule prav:i.d:i.ng for Ordinances to be read at three severaJ. meetings be suspended and that t,his Ordinance be passed as, and take effect as" an emergency measure and such rules and provisions are accordingly suspended and this OrdinaDce is passed and shall take Elffect as an emergency neasure and shall be in full force and effect imnediately from lmd after its passage" End it is so ordained. Passed and approved this the 7th day of AJrgust A.D. 1953. --', e " 2?!t1, d~rl~, Tex. :~t. ~ ~ .ty C!erk, e:i: ~ o. e, ex. '---.... . --.~.. ~ ,.,