ORD CC 09/27/76 - Levying TaxesOrdinance No. 76 -16
AN ORDINANCE LEVYING TAXES UPON TAXABLE PROPERTY LOCATED WITHIN AND S BJECT
TO TAXATION IN THE CITY OF HUNTSVILLE, TEXAS, AND DECLARING AN EMERGE CY
BE IT ORDAINED, by the City Council of the City of Huntsville in
Council assembled:
SECTION ONE: That there is hereby levied, for the current year On all
real property situated and all personal property owned within the lim is of
the said City of Huntsville, Texas, on the first day of January, 1976, except
so much as may be exempt under the Constitution and Laws of this Stet and of
the United States, the following taxes:
(1) An ad valorem tax of and at the rate of one dollar and fivel1cents
($1.05), on the One Hundred ($100.00) Dollars cash value thereof,
estimated in lawful currency of the United States for the
current expenses for the support and maintenance of the City
Government of said City of Huntsville, Texas.
(2) An ad valorem tax of and at the rate of fifteen cents
(15), on the One Hundred ($100.00) Dollars cash value thereof,
estimated in lawful currency of the United States, to pay
current interest on and provide one year's sinking fund andito
pay all of the principal and interest accruing on all outstanding
bonds, paving bonds, funding warrants, improvement bonds and
warrants and any and all other bonds and warrants outstanding
heretofore lawfully issued by the City of Huntsville, Texas; and
which are not levied outstanding obligations of the said City of
Huntsville, Texas.
SECTION TWO: All property upon which a rate of taxation in hereinabove
levied shall be assessed on a ratio of 50 percent of the estimated market
value thereof.
SECTION THREE: The above and foregoing Ordinance shall take effect and
be in full force from and after its passage and approval.
ADOPTED AND APPROVED in open Council this the 27th day of Sep
A.D., 1976.
DeShaw, City Sec
APPROVED AS TO FORM:
I k'\►1(1/
Jack Haney, City ttorne�
373
CITY OF HUNTSVILLE, T