ORD CC 09/27/77 - Levying taxesORDINANCE NO. 77 -21
AN ORDINANCE LEVYING TAXES UPON TAXABLE PROPERTY LOCATED
WITHIN AND SUBJECT TO TAXATION IN THE CITY OF HUNTSVILLE,
TEXAS, AND DECLARING AN EMERGENCY.
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 limits of
the said City of Huntsville, Texas, on the first day of January, 1977, except
so much as may be exempt under the Constitution and Laws of this State and of
the United States, the following taxes:
(1) An ad valorem tax of and at the rate of seventy seven cents
($ .77) on the One Hundred ($100.00) Dollars cash value thereof,
estimated in lawful currency of the United States for the current
expenses for the support and maintenance of the City Government
of said City of Huntsville, Texas.
(2) An ad valorem tax of and at the rate of forty three cents
($ .43) 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 and to 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 is 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 September, A.D.,
1977.
AA
. DeShaw,City Secretary
AP';`VED AS TO ORM:
City
A� ney
THE CITY OF HUNTSVILLE, TEXAS
Bv:
Morris I. Waller, Mayor