HomeMy WebLinkAboutO-1958-556
ORDINANCE N0. ~~~
AN ORDINANCE PROVIDING FOR THE LEVY, ASSESSMENT AND COLLECTION OF AN AD VALOREM
TAX FOR THE YEAR 1958, OF AND AT THE RATE OF ONE AND 75/100 DOLLARS ($1.75) ON
EACH ONE HUNDRED i)OLLARS ($IUG.GO) VALUATION OF TAXABLE PROPERTY IN THE CITY OF
LA PORTS, FOR THE PURPOSE OF PAYING THE INTEREST ON, AND A SINKING FUND FOR, THE
REDEMPTION OF "CITY OF LA PORTS REFUNDING BONDS, SERIES 1934", "CITY OF LA PORTS
MATER SYSTE~4 REFUNDING BONDS, SERIES 1946", "CITY OF LA PORTS STREET IMPROVEi~9ENT
BONDS, SERIES 1949", "CITY OF LA PORTS GARBAGE INCINERATOR BONDS, SERIES 1949",
"CITY OF LA PORTS STREET IMPROVEMENT BONDS, SERIES 1953-A", "CITY OF LA PORT ~f~
CITY IIALL BONDS, SERIES 1953 A "CITY OF LA PORTS STREET REFUNDING BONDS,~~ND
"CITY OF LA PORTS SANITARY SEi9ER SYSTEM BONDS, SERIES 1955" AND FOR PAYING CUR-
RENT EXPENSES OF SAID CITY.
BE IT OP~DAINED BY THE CITY CO[vIMISSION OF THE CITY OF LA PORTS, TEXAS, THAT:
~ Section 1. There is hereby levied and shall be assessed and collected
for the year 1958, on all the taxable property in the City of La Porte, Texas,
on the 1st day of January of the year 1958, an ad valorem tax of, and at the
rate of, One and '75/100 Dollars ($1.75) an each One Hundred Dollars ($10u.00)
I li valuation of taxable property in said City, estimated in lawful currency of the
I II United States, for the purpose of paying the interest on, and a sinking fund for
the redemption of, One Hundred Forty-Eight Thousand Dollars ($148,OUG.OG) "City
of La Porte Refunding Bonds, Series 1934", Twenty-Two Thousand Dollars ($22,OOO.t
"City of La Porte IUater System Refunding Bonds, Series 1946", Seventy-Five Thou-
sand Dollars ($75,OOU.GG) "City of La Porte Street Improvement Bonds, Series
1949", Twenty-Five Thousand Dollars ($25,OG~.00) "City of La Porte Garbage In-
~G)
cinerator Bands, Series 1949", Two Hundred Thousand Dollars ($2U'v,0U0.0U) "City
'l of La Porte Street Improvement Bonds, Series 1953-A", Twelve Thousand L!ollars
~~ ($12,UOG.Oi1) "City of La Porte City Hall Bonds, Series 1953", Twenty Thousand
f
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Sollars ($21;,00G.0i~) "City of La Porte Street Refunding Bonds, Series 1954" and
Sixty Thousand Sollars ($bG,OC0.00) "City of La Porte Sanitary Sewer System Bonds,
Series 1955" and for payiny current expenses of said City, and levied as foIlows,;
to-wit:
(a) There is hereby levied a tax of One Cent (1~) on each One Hundred!
Dollars ($100.00) valuation of taxable property in the City of La Porte for the
year 1958, for the purpose of paying the current interest on, and to provide
the necessary sinking fund for, the One Hundred Forty-Eight Thousand Dollars
($148,UOG.uU) "City of La Porte Refunding Bonds" issued in the year 1934, and P
the same shall be assessed and collected and applied to the purpose named.
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(b) There is hereby levied a tax of One Cent (1¢) on each One Hundred',
Dollars ($lOO.Oii) valuation of taxable property in the City of La Porte for the
year 1953, for the purpose of paying the current interest on, and to provide the 1,
necessary sinking fund for, the Twenty-Two Thousand Dollars ($22,000.00) "City
of La Porte Water System Refunding Bonds, Series 1946", and the same shall be
assessed and collected and applied to the purpose named.
(c) There is hereby levied a tax of One Cent (1~) on each One Hundred
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Dollars ($100.00) valuation of taxable property in the City of La Porte for the
year 1958, for the purpose of paying the current interest on, and to provide the
necessary sinking fund for the Seventy-Five Thousand Dollars ($75,00;.00) "City
of La Porte Street Improvement Bonds, Series 1949", and the same shall be assesse
and collected and applied to the purpose named.
(d) There is hereby levied a tax of Two Cents (2¢) on each One Hun-
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Bred Dollars ($100.00) valuation of taxable property in the City of La Porte for
the year 19513, for the purpose of paying the current interest on, and to provide
the necessary sinking fund for, the Twenty-Five Thousand Dollars ($25,OOC.Ou)
,'' "City of La Porte Garbage Incinerator Bonds, Series 1949", and the same shall be
":assessed and collected and applied to the purpose named.
(e) There is hereby levied a tax of Five Cents (5~) on each Oae Hun- ~
';dyed Dollars ($lOG.00) valuation of taxable property in the City of La Porte fore
,I the year 1950, for the purpose of paying the current interest on, and to provide`
the necessary sinking fund for, the Two Hundred Thousand Dollars ($2Oi3,000.00)
,~
"City of La Porte Street Improvement Bonds, Series 1953-A", and the same shall
';( be assessed and collected and applied to the purpose named.
(f) There is hereby levied a tax of Eight Cents (8~) on each One Hun-
Bred Dollars ($100.00) valuation of taxable property in the City of La Porte fore
the year 19513, for the purpose of paying the current interest on, and to provide;
the necessary sinking fund for, the Twelve Thousand Dollars ($12,000.00) "City of
La Porte City Hall Bonds, Series 1953", and the same shall be assessed and collec
ted and applied to the purpose named.
There 's ~~
(g) i hereby levied a tax of Two Cents (2~) on each One Hundred;.
Dollars ($1O0.0i) valuation of taxable property in the City of La Porte for the
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year 1958, for the purpose of paying the current interest on, and to provide the
necessary sinking fund for, the Twenty Thousand Dollars ($20,OOG.00) "City of La
Porte Street Refunding Bonds, Series 1954", and the same shall be assessed and
!; collected and applied to the purpose named. ~,
(h,~ There is hereby levied a tax of Five Cents (5~) on each One Hun-
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Bred Dollars ($100.00) valuation of taxable property in the City of La Porte for
the year 1958, for the purpose of paying the current interest on, and to provide
the necessary sinking fund for, the Sixty Thousand Dollars ($60,OOE;~.00) "City of
La Porte Sanitary Sewer System Bonds, Series 1955", and the same shall be assessed
and collected and applied to the purpose named.
(i) There is hereby levied a tax of One and 50/100 Dollars ($1.50) on
each One Hundred Dollars ($100.00) valuation of taxable property in the City of
' La Porte for the year 1958, for the purpose of paying the various expenses of the
'i City of La Porte for the year 1958, including street and bridge work and repairs,;
payment of salaries of officers and all other necessary expenses of said City.
Section 2. The foregoing levies and assessments are based on the valu-
ation of all taxable property in the City of La Porte on January 1, 1958, amounting
I to the sum of Six Million Thirty-Seven Thousand Six Hundred Dollars ($6,037,b00.G0).
I~ Section 3. This ordinance shall take effect from and after its passage;..
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And it is so ordained.
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Passed and alproved this the
A. D. 1958.
AT~T ,ST
-i ,
ity Clerk of the City of La Porte,
Texas
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NHEREAS, heretofore, the Mayor of the City of La Porte prepared
and submitted to the City Commission, at its meeting held on the 25th day
of August, A. D. 1958, his proposed budget for the fiscal year, from the
1st day of July, A. D. 1958, to the 30th day of June, A. D. 1959; and
WHEREAS, the City Commission filed such proposed budget with
the Clerk of the City on the 25th day of August, A. D. 1958, and desig-
nated that a public hearing on such budget be held at the City Hall at
7:00 P. M. on the 19th day of September, A. D. 1958, and caused public
notice of such hearing to be made; and
WHEREAS, such public hearing has been held;
NOW, THEREFORE, it is ordered by the City Commission that the
budget, as prepared and submitted by the Mayor, and as amended by the
City Commission, is hereby finally approved by the City Com~ission, and it
is hereby ordered that a true copy of such approved budget, together with
a copy of this order, shall be filed in each of the offices of the Clerk
of the City of La Porte, the County Clerk of Harris County, Texas, and the
State Comptroller, at Austin, Texas.
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