ORD CC 07/14/1970 - Ad Valorem taxAN ORDINANCE LEVYING TAXES UPON TAXABLE PROPERTY LOCATED WITHIN AND SUBJECT
TO TAXIATION 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 said
City of Huntsville, Texas, on the first day of January, 19 70 , 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 Sixty Eight Cents
(.650 , 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 Thirty Two Cents
(.32C) , 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% 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 14th day of
July , 1970.
ATTEST
W. BEN BLALOCK, JR.,
ELDON COLEMAN, CITY ECRETARY
OVED AS T FO'':
(SEAL)
D. COLLEY, CITY ATTORNEY