O-1986-1515 - Laserfiche WebLink

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e . ORDINANCE NO. 1515 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; CONTAINING A REPEALING CLAUSE; CONTAINING A SEVERABILITY CLAUSE; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: Section 1. That there is hereby levied for the current fiscal year beginning October 1, 1986, and ending September 30, 1987, on all real property situat.ed and all personal property owned within the taxable limits of the said City of La Porte, on tne first day of JanuRry, 1986, except. so much as may be exempt under the const.i tut.i on and laws of the Uni ted Sta tes, thi s State, and the City of La Porte, the following taxes: (1) An Ad Valorem Tax of and at the rate of three seven four two cents ($.3742) on the one hundred dollars ($100.00) cash value thereof, estimat.ed in lawful currency of the United St.ates for the nurrent expenses for the support, maintenance, and improvement of the City Government of said City of La Porte, the following taxes: (2) An Ad Valorem Tax of and at the rate of three three eight six cents ($.3386) on the one hundred dollars ($100.00) cash value thereof, estimated in lawfuJ currency of the United States, to pay current interest on and provide one year's sinking fund and to pay all of the principal and interest accruing on all outst.and ing general obU eat i on bonds 1 awfull y issued by the City of La Porte. That this provides the sum of total Ad Valorem tax at the rate of seven one two eight cents ($.7128) on the one hundred dollars ($100.00) cash value thereof, estimated i.n ] awful currency of the United States. Section 2. All property upon which a rate of taxation i. ~ hereinabove levied shall be assessed on a ratio of one hundred percent ( 100% ) of the estimated market value thereof. Section i. 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 C i t.y of La Porte. Section 4. If any section, sentence, phr~se, cJ.ause, or any part or any section, sentence, phrase, or cJause, of this Ordinance shall, for any reason, be held invalid, such invalidity shall not affect the remaining portions of th:i.8 Ordinance, and it is hereby declared to be the intention of th i s City Coune j} to have pa ssed each see tion, sentenc e, phrase, or clause, or part thereof, irrespective of the fact that any other section, sentence, phrase, or clause, or part thereof, may be declared invalid.