2342 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP FOR 1977

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ORDINANCE NO. 234 2 AN ORDINANCE FIXING THE TAX RATE AND THE TAX LEVY, AND LEVYING AD VALOREM TAXES FOR THE CITY OF PARIS, PARIS, TEXAS, FOR THE YEAR 1977, UPON ALL TAXABLE PROPERTY WITHIN THE SAID CITY OF PARIS, TEXAS, IN CON- FORMITY WITH THE CHARTER PROVISIONS AND ORDINANCES OF SAID CITY; AND REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH. WHEREAS, the Board of Equalization heretofore appointed by the City Council of the City of Paris has met and has fixed the value of all property situated within the City of Paris, Texas subject to ad valorem taxes for the year 1977, such total valuation being the sum of $50, 738, 797. 00; and, WHEREAS, in accordance with provisions of Ordinances passed by the City Council of the City of Paris, Paris, Texas, pro- perty owners over the age of 65 and disabled Veterans have filed exemptions in the sum of $3, 466, 330. 00 making a new valuation subject to ad valorem taxes in the sum of $47, 272, 467. 00; and, WHEREAS, in accordance with the provisions of the Charter of the City of Paris, Paris, Texas, the City Manager has heretofore submitted to the City Council a proposed budget of the revenues of the City and the expenditures for the conduct of the affairs thereof, providing a complete financial plan for the fiscal year beginning July l, 1977, and ending June 30, 1978; and, WHEREAS, the City Council has heretofore, by ordinance adopted the budget appropriating from ad valorem taxes the follow- ing sum, to-wit: General Fund $993, 700. 00 NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS: Section l. That there shall be and is hereby levied Eor the year 1977 and ordered to be collected a tax of $2. 20 on each and every ONE HUNDRED DOLLARS ($100.00) of the assessed valuation of all property of every description subject to taxation within the cor- porate limits of the City of Paris, and that said tax so levied shall be distributed and apportioned as follows: For the payment of CURRENT EXPENSES of the City Government of the City of Paris, on each and every One Hundred Dollars worth of property 1 i____~i_ -L.. nf i'}lP C1rV nf