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Section 2. That there shall be and is hereby levied for the year 2007 and ordered to <br />be collected, a tax of $0.56 on each and every ONE HUNDRED DOLLARS ($100.00) of <br />the assessed valuation of all property of every description subject to taxation within the <br />corporate limits of Paris, and that said tax so levied shall be distributed and apportioned as <br />follows: <br />CURRENT EXPENSES: <br />For the payment of CURRENT EXPENSES of the City <br />Government of the City of Paris, on each and every <br />One Hundred Dollars worth of property situated <br />within the corporate limits of Paris and subject to <br />taxation a tax of $0.46526 <br />(of which $0.00146 will be for the operation of the <br />Paris Municipal Band) <br />DEBT: <br />For paying interest and creating a sinking fund for <br />Tax and Revenue Certificates of Obligation, Series <br />"2000,"on each and every one Hundred Dollars <br />worth of property situated within the corporate limits <br />of Paris and subject to taxation, a tax of $0.03850 <br />For paying interest and creating a sinking fund for <br />Tax & Revenue Certificates of Obligation Series <br />2002 on each and every One Hundred Dollars worth <br />of property situated within the corporate limits of <br />Paris and subject to taxation, a tax of $0.03101 <br />For paying interest and creating a sinking fund <br />for General Obligation Refunding Bonds, Series <br />"2003," on each and every One Hundred Dollars <br />worth of property situated within the corporate <br />limits of Paris and subject to taxation, a tax of 0.02523 <br />Total Debt Rate $ .09474 <br />TOTAL TAX RATE $0.56 <br />Section 3. That the City Tax Assessor and Collector of the City of Paris is hereby <br />directed to assess, extend, and enter upon the rolls of the City of Paris, Paris, Texas, for <br />the current taxable year, the amount and rates herein levied and shall be collected as <br />provided by the ordinances and the Charter of the City of Paris, Paris, Texas, and the laws <br />of the State of Texas; and when so collected, same shall be distributed in accordance with <br />ordinance. <br />