HomeMy WebLinkAbout0181_179AAT ORDINANCE OF THE CITY OF GEORGETMIN, TEXAS,
LEVYING ADVALORMI TAXES FOR THE YEAR 1960, AND
DIRECTING THE COLLECTION AND DISTRIBUTION OF
SAID TAXES, A,1M DECLARING AN EMERGENCY.
RE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GEORGETUNN, TEXAS:
That for the year, 1960, there shall be levied and col-
lected an advalorem 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 lst, day of January, 1960
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 followss
1. To the General Fund, for the support and maintenance of the
goverment of the said City 1.07 cents, of each one do 25/100 dollars,
colleoted.
2. To the Bond Fund, of that series of bonds of the said City,
known as Street Bonds, 10 cents, of each one do 25AOO dollars,
oolleoted.
3. To the Bond Fund, of that series of bonds of the said City
known as Airport Bonds, 8 cents of each one & 25/100 dollars, collected.
The fact that prompt preparation must be made for the assess-
ing and collection of taxes for the year 1960, 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 passagp.
Passed and approved this 8 day of Febru ry A. D. 1960.
yor
City of Georgetown, Texas.
Attests
A%ellz'e.a�rll
Secretary
179