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ORDINANCE NO. 1871
<br />AN ORDINANCE FIXING THE TAX RATE AND THE TAX
<br />LEVY AND LEVYING AD VALOREM TAXES FOR THE
<br />CITY OF PARIS, PARIS, TEXAS, FOR THE YEAR
<br />19681 UPON ALL TAXABLE PROPERTY TnTITHIN THE
<br />SAID CITY OF PARIS, PARIS, TEXAS,_IN CQNFORM-
<br />ITY WITH THE CHARTER PROVISIONS AND ORDINANCES
<br />OF SAID CITY; AND REPEALING ALL ORDINA,NCES OR
<br />I'ARTS OF ORDINANCES IN CONFLICT HERE'WITH.
<br />WHEREAS, the City Counci:l of the City of Paris, Faris, Texas,
<br />has heretofore approved the final report of the Board of Equaliza.
<br />tion heretofore appointed by the City Council of the City of Faris,
<br />Paris, Texas, wherein said Board of Equalization finds and fixes
<br />the value of all property situated within the City of Faris, Paris,
<br />Texas, subject to ad valorem taxes, such total valuation being the
<br />sum of $29,187,920,00; and,
<br />Wf-EREAS, in accordance with the provisions of the Charter of
<br />the City of Paris, Paris, Texas, the City Maaager has heretofore
<br />submitted to the City Council, a proposed budget of the revenues of
<br />the City and the expenditures for the conduct of th e affairs there.
<br />of, providing a complete financial plan for the fiscal year begin.+
<br />ning July 1, 1968, and ending June 30, 1969; and,
<br />WHEREAS, the City Counci:l has heretofore, by or dinance adopted
<br />the budget appropriating f rom ad valorem taxes the following sums,
<br />to«.wi t e
<br />General Fund $522,000,00
<br />Debt Service Fund 52,200.00
<br />NC.7W, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
<br />CITY OF PARIS:
<br />Section 1. That there shall be and is her eby levied for the
<br />year 1968 and ordered to be collected a tax of $2.20 on each and
<br />every ONE HUNDRED DOLLARS ($100.00) of the assessed valuation of
<br />all property of every description subject to taxation within the
<br />corporate limits of the City of Paris, and that said tax so levied
<br />shall be distributed and apportioned as followso
<br />For the payment of CURRENT EXPENSES of the City
<br />Government of the City of Paris, on each and every One
<br />Hundred Dollars worth of property situated within the
<br />corporate limits of the City of Paris and subject to
<br />taxation, a tax of (of which $0.0103 will be for the
<br />operation of the Paris Municipal Band). $2.00
<br />For paying interest and creating a sinking fund
<br />for WATERWORKS BONDS, Series "G"; on each and every
<br />One Hundred Dollars worth of property situated within
<br />the corporate limits of the City of Paris and subject
<br />to taxation, a tax of
<br />$0.0825
<br />For paying interest and creating a sinking fund
<br />for CITY OF PARIS, TEXAS, RESURFACING BONDS, Series
<br />1936,.on each and every One Hundred Dollars worth of
<br />property situated within the corporate limits of the
<br />City of Paris and subject to taxation, a tax of
<br />$0,0090
<br />For paying intErest and creating a sinking fund
<br />for CITY OF PARIS, TExAS, ABP,TTOIR BONDS, Series 1936,
<br />on each and every One Hundred Dollars worth of pro.
<br />perty situated within the corporate limits of the City
<br />of Paris and subject to taxation, a tax of
<br />$0.0022
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