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HomeMy WebLinkAbout0111_109109 AN ORDINANCE OF THE CITY OF GEORGETOWN, TEXAS, LEVYING ADVALOREM TAXES FOR THE YEAR 1956, AND DIRECTING THE COLLECTION AND DISTRIBUTION OF SAID TAXES, AND DECLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS: That the year, 1956, there shall be levied and col- lected an advalorem tax of one & 25/100 41.25) dollars, on all property subject to taxation by said City, under the constitution and laws of the State of Texas, as per the 1st day of January,1956* and at a tax rate of one & 25100 ($1.25) dollars on each one hundred 0100.00 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 1.07 cents, of each one & 25100 dollars, collected. 2. To the Bond Fund, of that series of bonds of the said City, known as Street Bonds, 10 cents, of each one & 25100 dollars, collected. 3. To the Bond Fund, of that series of bonds of the said City known as Airport'Bonds, 8 cents of each one & 25/i00 dollars, collected. The fact that prompt preparation must be made for the assessing and collection of taxes for the year 1956, creates an emergency re- 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. D. 1956. 4;' May6r' Ci of Georgetown, Texas Attests f,A _. ecretary