Loading...
ORD CC 08/24/71 - Levying TaxesAN 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 said City of Huntsville, Texas, on the first day of January, 1971 , 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 Eighty -Two Cents (.82t) 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 Twenty -Eight Cents (.28t) 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 here levied shall be assessed on a ratio of 50% of the estimated mark thereof. inabove et value 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 24th day of August , A.D., 1971. ATTEST: WELD N'COLEMAN, CITY SECRE RY ••OVED AS TO FO Oh VA M: A T D OLLEY, T Y A (SEAL). TO EY i W. BEALOCK, JR. ,