HomeMy WebLinkAboutO-1954-475
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ORDINANCE NQ. ~41r;_
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'AN ORDINANCE P1\OVIOING 'FOR::-THE LEVY, ASSESSMENT AND C(lLECTION OF AN AD VALOREM
TAX FOR THE Y~R 1954, OF AND AT.. THE RATE OF ONE AND 15/100 DOLLARS ($1.15) ON
EACH ONE HUNDRED D(lLARS ($100.0M VALUATION OF TAXABLE fROPERTY IN TilE CITY OF
LA PORTE,F:OR rpE PURPOSE OF PAYING THE INTEREST ON, AND A SINKING FUND FOR, TIlE
REDEMPTION OF 'rCITY ,OF LAPORTE REFUNDING BONDS, SERIES 1934", "CITY OF LA PORT
WATER SYS'l'.EM REFUNDING BONDS, SERIES 1946" . "CITY OF LA PORTE S'l'REET HlfROVEMEN
BONDS, SERIES J 949", "CITY' OF LA PORTE GARBAGE INCINERATOR BONDS, SERIES 1949",
"CIT'Y OF L,A PO.TE 'STREET IMPROVEMENT BONDS, SERIES 1953-A", "CITY OF LA PORTE
CITY HALL' BOND~, SERIES 1953" AND "CITY OF LAPORTE STREET REFUNDING BONDS,
SERIES 1954", AND FOR PAYING CURRENT EXPENSES OF SAID CITY.
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BE IT,! ORDAINED BY' THE CITY COMMISSION OF THE CITY OF LA PORTE, TEXAS
THAT:
Se~tion 1. There is hereby levied and shall be assessed and collected
, for the year 1954,oD all the taxable pr~perty in the fiity of La Porte. Texas
, on the 1st day! of January of the year 1954. an ad va.lorem tax of, and at the
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rate of. One and 15/100 DoHars ($1.15) on each One Hundred Dollars ($100.00)
valuation of tijaxable pr~perty in satd City, ,estimated in lawful currency of the
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United States.' for the purpose of paying the interest on, arid a sinking fund
for, the ,redemption of, One; Hundred Forty-Eight Thousand Dollars ($148,000.00)
"City of La PO"rte RefUnding BondS. Series 1934", Twenty-Two Thousand Dollars
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($22,000.00) li'City .of La Porte Water System Refunding Bonds, Series 1946".
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Seventy-Five T~ousand Dollars ($15.000.00) "City of La Porte Street Improvement
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Bonds, Se,ries i~ 949\ Twenty-Five Tnousand Dollars ($25,000.00) "City of La Port
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Garbage Incinerator :Bonds, Series 1949", Two Hundred Thousand Dollars
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($200,000.00) tCityof ,La ,Porte Street Imp;rovement Bonds, Series 1953-A",
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Twelve Thousarf Dolhrs ($12,000.00) "City of La Porte City Hall Bonds, Series
1953" and Twen~y Thousand Dollars ($20,000.00) "City of La Porte Street Refund-
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ing Bonds,' SeIles 1954" and fOr paying current expenses of said City, and 1evie
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as follows, ttwit:
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(a) fhere is hereby levied a tax of twenty-nine cents (29~) on each
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One Hundr,ed D11.a15 : ($100.00) val uation of taxable property in the City of
La Porte tor t~a yeu 1954,. for the purpose of paying the current interest on1
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and to pr():Vi.d~~ the n,ecessary sinking fund for, the One Hundred Forty-Eight
Thousand, DOllars ($148.000:.00) "City of La Porte Refunding Bonds" issued in the
year 1934. andi the same shall be assessed and collected and applied to the pur-
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pose named.
(b) rhere is hereby levied a tax of four cents (44) on each One Hun-
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dred 0011a,1s '($100.00) val~atiOn of, taxable ,property in the, CIty of La Porte
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for the year li954, far the,purpose of paying the current interest on) and to
provide Uie ne!cessai'y sinking fund for, tbe Twenty_Two Thousand Dollars
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($22,000.00) IljCity of La Porte Water System ,Refunding Bonds, Series 1946", and
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the same 'shall, he a,gsessed and collected and, applied to the purpose named.
(:c) There . is 'hereby 1 e,vied a tax of eight cents (84) on each One
Hundred D~lla~s ($lOO.OO)~va.luation Of taxable property in the City of La Porte
for the ye,ar 1!954,for th,e purpose o'f paying the current interest on, and to
provide tue n~cessa~y Sinking fund for, the Seventy-Five Thousand Dollars
($15,000.00) ~City 'of La ~orte, Street Improvement Bonds, Series 1949", and the
same, shall be ]ssessed and collected and.applied to the purpose named.
(d) &herei~ 'hereby levied a tax of seven cents (74) on each One Hun-
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dred Dollars t\100.(0) 'vai'uation of taxable property in the City of La Porte
for the year 1!954, for the' purpose Of paying the current interest on, and to
provide the n~cessafY sinking fund for, the T~enty-Five Thousand Dollars
($25,000.00) 'City of La ~orte ~arbage Incinerator Bonds, Series 1949". and the
same shall beassesied and collected and applied to the purpose named.
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(e), ~here'is her~by levied a tax of twenty-one cents (Z14i on each
One Hundr~d DJllars ',($100.'00) va,luation of taxable property in the City of
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La Porte for ~he year 1954, for the purpose of paying the current interest on,
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and to provid~ the' necessary sinking fund for, the Two Hundred Thousand Dollars
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($200,000.00) 'l"CHy'of .La 'Porte Street Improvement Bonds, S&ries 1953-A", and
the same" shal~ be a~sessed and collected and applied to the purpose named.
'(f)Ther~' is hereby levied a tax of foul' cents t44) on each One Hun-
dred Dollars ($100.00) val~ation of taxable property in the City of La Porte
for the year ~954f for the purpose of paying the current interest on, and to
provide t~en~~cessary sin~ing fund forI the Twelve Thousand Dollars ($12,000.00
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"City OfLap~1teC~ty Hall Bonds, Series 1953"'1 and, the same shall be assessed
and collected land applied to the purpose named.
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(g) ;~here, is hereby leyied a t,axof two cents (24) on each One Hun-
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dred Dollars ($100.00) valuati,on of ~axableproperty in the City of La Porte
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fOr the j,ear ~954t 'for, tbe purpose Of Paying the current interest on, and to
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provide the n~'cessary sinking, fund fort the Twenty Thousand Dollars ($29,000.00
"City of La P~rte,Street ~~funding BOnds, Series 1954", and th~ same shall be
assessed and QOllectea and applied to the purpose named.
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(h) there ,is hereby levied a tax of One Dollar ($1.00) on ~ach One-
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Hund,red DOUar:~ ($100.0'0) valuation of taxable property in the City of La Porte
for the year IP54. 'for the, purpose of paying the various expenses of the City
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of La Porte for the :year 1:954, including street and bridgework and repairs,
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payment of sal~ries "ofoff.icers and all other necessary expenses of said City.
Secti;hn 2. The f.oregoing levies and assessments are based on the
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valuation of a'l taxable pl'operty in the City of La Porte on January I. 1954.
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amounting to t,~e su~ of Fo~r Million Ninety :five Thousand Dollars ($41095,000.0 ).
Sect~on 3. This ~Qrdinance shall take effect from and after its pas sag .
a~d it is so ~rdained.
1954.
A. D.
Pass~ and approved this the ~1I1r-day of
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Texas
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