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Section 2. That there shall be and is hereby levied for the year 2008 and ordered to be <br />collected, a tax of $0.52 on each and every ONE HUNDRED DOLLARS ($100.00) of the assessed <br />valuation of all property of every description subject to taxation within the corporate limits of <br />Paris, and that said tax so levied shall be distributed and apportioned as follows: <br />CURRENT EXPENSES: <br />For the payment of CURRENT EXPENSES of the City Govern- <br />ment of the City of Paris, on each and every One Hundred <br />Dollars worth of property situated within the corporate <br />limits of Paris and subject to taxation a tax of $0.43113 <br />(of which $0.00138 will be for the operation of the <br />Paris Municipal Band) <br />DEBT: <br />For paying interest and creating a sinking fund for Tax and <br />Revenue Certificates of Obligation, Series "2000,"on each and <br />every one Hundred Dollars worth of property situated within <br />the corporate limits of Paris and subject to taxation, a tax of $0.03355 <br />For paying interest and creating a sinking fund for Tax and <br />Revenue Certificates of Obligation Series "2002" on each and <br />every One Hundred Dollars worth of property situated within <br />the corporate limits of Paris and subject to taxation, a tax of $0.02919 <br />For paying interest and creating a sinking fund for General <br />Obligation Refunding Bonds, Series "2003," on each and every <br />One Hundred Dollars worth of property situated within the <br />corporate limits of Paris and subject to taxation, a tax of . 2613 <br />Total Debt Rate $ .08887 <br />TOTAL TAX RATE $0.52 <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, Texas, for the current <br />taxable year, the amount and rates herein levied and shall be collected as provided by the <br />ordinances and the Charter of the City of Paris, Texas, and the laws of the State of Texas; and <br />when so collected, same shall be distributed in accordance with ordinance. <br />Section 4. That all provisions of the ordinances of the City of Paris, Texas in conflict <br />with the provisions of this ordinance are hereby repealed, and all other provisions of the <br />ordinances of the City of Paris not in conflict with the provisions of this ordinance shall remain <br />in full force and effect. <br />[2] <br />- O(10003 <br />