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AN ORDINANCE OF THE CITY OF GEORGETOWN, TEXAS,
LEVYING ADVALOREM TAXES FOR THE YTAR 1953, AND
DIRV,CTII,?G TIM COLLECTION AND DISTRIBUTION OF
SAID TAXES, AIM DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS:
That for the year, 1953, there shall be levied and collected
an advalorem tax of one & 25/100 (J1.25) dollars, on all property
subject to taxation by said City, under the constitution and lairs of
the State of Texas, as per the 1st day of January, 1953, and at a tax
rate of one & 25100 ($1.25) dollars on each one hundred ($100.00)
dollars in valuation.
That when the said taxes, are collected, the same shall be
applied and paid out as follows:
1. To the General Fund, for the support and maintenance of the
government of the said City 90 cents, of each one & 25/100 dollars,
collected.
2. To the Bond Fund, of that series of the said City known
as Paving Bonds, 7 cents, of each one & 25/100 dollars, collected.
3. To the Bond Fund, of that series of bonds of the said City,
known as Street Bonds, 20 cents, of each one & 25/100 dollars, collected.
4. To the Bond Fund, of that series of bonds of the said City
known as Airport Bonds, 8 cents of each one & 25100 dollars, collected.
The fact that prompt preparation must be made for the assessing
and collection of taxes for the year 1953, creates'an emergency requir-
ing the reules 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 9th day of February A. D. 1953•
Attests
OF
Secretaryyor, ^'
City o Georgetown, Texas