HomeMy WebLinkAboutORD 02.13.1956 - Levying Advalorem Taxes109
AN ORDINANCE OF .THE CITY OF GEORGETOWN, T A ,
LEVYING ADVALORE =i TAXES FOR THE YEAR 1956, .AND
DIRECTING THE COLLECTION ,APD DISTRIBUTION OF
SAID TA BS, 91D DECLARING .AN EMERGENCY,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEAS**
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That the year, 1956, there shall be levied and col
looted an adva.lorem tax of one 25%100 ($1.25) dollars, on all
property subject to taxation by said City, under the constitution
and laws of the State of Texas, as per the Ist day of January,1956p
and at a tax rate of one 25/100 (J',o1.25) dollars on each one
hundred („k100.00 dollars in valuation.
That when the said taxes, are collected, the same shall
be applied and paid out as folltnrs
1. To the General Fund, for the support and maintenance of the
government of the said City 1.07 cents, of each one & 25/100 dollars,
collected.
2. To the ?fond. Fund, of that series of bonds of the said City,
knovm as Street Bonds, 10 cents, of each one & 25/100 dollars, collected.
3. To the, Bond Fund, of that series of bonds of the said City
knovai as Airport `Bo ds 8 cents of each one & 25/100 dollars, collected.
The fact that prompt preparation must be made for the assessing
and collection of taxes for the year 1956, creates an emergency rem
quiring the rules providing that an ordinance shall be read at three
separate meetings before final passage shall be suspended, and such
rules are here and now suspended and this ordinance passed, and it is
ordered that it take effect from and after its passage.
Passed and approved this the 13 day of Feb. A. Lo 19�6.
Attest:
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{, M a,y z
City of Georgetovan, Texas