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AN ORDINANCE OF THE CITY OF GEORGETOWN, TERAS,
LEVYING ADVALOREM TAXES FOR THE YEAR 1957,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, TEXASs
That for the year, 1957,thers shall be levied and col -
looted an adve.lorem tax of one & 25AOO ($1.25) dollars, on all
property subject to taxation by said City, under the constitution
and lags of the State of Texas, as per the 1st. day of January, 1957,
and at a tax rate of one & 25AOO ($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 1.07 cents, of each one & 25/100 dollars,
oolleoted.
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
)mown 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 1957, creates an emergency
requiring 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 28 day of Feb. A. D. 1957•
Q/-W'S� ,
or
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Attests C y of Georgetown, Texas
Secretary