HomeMy WebLinkAboutO-1980-1229
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ORDINANCE NO. /.2.:1-9
AN ORDINANCE LEVYING TAXES UPON TAXABLE PROPERTY LOCATED WITHIN
AND SUBJECT TO TAXATION IN THE CITY OF LA PORTE, TEXAS; AND MAKING
APPROPRIATIONS FOR SUPPORT, MAINTENANCE, AND IMPROVEMENT OF THE
CITY GOVERNMENT OF SAID CITY OF LA PORTE, TEXAS; AND PROVIDING AN
EFFECTIVE DATE HEREOF.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE,
TEXAS:
Section 1. That there is hereby levied for the current fiscal
year beginning October 1, 1980, and ending September 30, 1981, on
all real property situated and all personal property owned within
the taxable limits of the said City of La Porte, Texas, on the
first day of January, 1980, except so much as may be exempt under
the Constitution and laws of the United States, this State, and
the City of La ~Porte, the following taxes:
(1) An Ad Valorem Tax of and at the rate of six nine one
seven zero five ($.691705) cents on the one hundred ($100.00)
dollars cash value thereof, estimated in lawful currency of
the United States for the current expenses for the support,
maintenance, and improvement of the City Government of said
City of La Porte, Texas.
(2) An Ad Valorem Tax of and at the rate of two one eight
two nine five ($.218295) cents on the one hundred ($100.00)
dollars cash value thereof, estimated in lawful currency of
the United States, to pay current interest on and provide
one year's sinking fund and to pay all of the principal and
interest accruing on all outstanding bonds lawfully issued
by the City of La Porte, Texas.
Section 2. All property upon which a rate of taxation is
hereinabove levied shall be assessed on a ratio of eighty (80)
percent of the estimated market value thereof.
Section 3. That the sums hereinafter accruing and collected
from the hereinabove taxes so levied be and the same are hereby
appropriated for the support, maintenance, and improvement of the
City Government of the City of La Porte, Texas.
Section 4. The above and foregoing ordinance shall take effect
and be in full force from and after its passage and approval, and it
is so ordained.
PASSED AND APPROVED, this the
1980.
otffL day of September, A.D.,
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APPROVED AS TO FORM: