O-1940-283 - Laserfiche WebLink

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e . '. (' /:. ORDI1WfCE WOe " () :; AN ORDINANCE PROVIDING FOR THE LEVY, ASSESSMENT AND COLLECTION OF AN AD VALOREM TAX FOR THE YEAR 1940 OF AND AT THE RATES OF .1.50 ON EACH $100.00 i i VALUATION OF ~LE PROPERTY m THE CITY OF LA PORTE FOR THE PURPOSE OF PAYING ! i THE INTEREST ON. AND A SINKING FUND FOR THE REDEMPTION OF. "CITY OF LA PORTE I , REFUNDING BONDS. SERIES 1935" AND n CITY OF LA PORTE SEWER FUNDING BONDS. SERIES I 1938" AND illR PAYDTG CtJRRENT EXPENSES OF SAID CITY. I' BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORD. 'l'EXASt Seotion 1. There is hereby levied and shall be assessed and co11eote . I ; for the year 1940. on all the tamb1e property in the City of La Porte. Tems. I em the 1st day of January of the year 1940. an ad valorem tax of. and a't the , rate of. One aDd 50/100 Dollars ($1.50) on each One Hundred Dollar ($100.00) I I. wluation of _bIe property in ea1d CitT. esilbated in la'wfUl ourr_ of - , United States. for the purpose ot PLying the interest OD. and a sinking fund to the redemption of. One Hundred Forty-Eight TPousand Dollar <$148.000.00) "Oity of La Porte Ref'uJJd1Dg Bonds. Seriee 1935". E1e-nn Thousand Five HUDired Dollar (811.500.00) "City of La Porte Sewer Funding Bonds. series 1938" and for paying current expenses ot said City. and levied as to1lows. to-wit: (a) There is hereby levied a tax ot One Dollar ($1.00) on eaoh One I HUDlred Dollar <$100.00) valuation of 'taD.b1e property in the City of La Porte. :1 far the year 1940. for the parpoee of paying the current interest on, and to provide 'the neoessary si."ldng fuDd for. the One Hundred Forty-Eight Thousand Dollar ($148.000.00) "City of La Porte RetuJ2ding Bonde" issued in the year 1935. and the same shall be assessed am oollected and applied to the purpose named. (b) There is hereby levied a tax of Tweaty oents (20s!) on eaoh One HUDired Dollar ($100.00) valuation ot ta:xable property in the City of 16 Porte.: -'. .,. tor the year 1940. for the purpose of paying the ourrent iJI\;erest em. am 1;0 provide the neoeB~ sinking fund tor, "hhe Eleven Thousand Fi va HUDdred Dollar (111.500.00) "City of I4 Porte Sewer Funding Bonds. Series 1938", ami the same shall be assessed and oOl1eoted and applied to the purpose named. (0) There is hereby levied a tax of Thirty cents (30s!) on each One Hundred Dollar ($100.00) 'VB.lua1;ion of taxable property in the City of La Porte. for the year 1940. for the parpose of paying the "Iarious current expenses of the City of IA Porte tor the year 1940. including street and bridge work and repairs. payment of salaries of oftices and all o1#her necessary ourrent ex- penues of said City.