1681 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP

Home Browse Search

ORDINANCE NO. 1681 AN ORDINANCE FIXING THE TAX RATE AND THE TAX LEVY AND LEVYING AD VALOREM TAXES FOR THE CITY OF PARIS, TEXAS FOR THE YEAR 1964a UPON ALL TAXABLE PROPERTY WITHIN THE SAID CITY OF PARIS., TEXA5, IN CONFORMITY WITH THE CHARTER PROVISIONS AND ORDINANCES OF SAID CITY; AND RE- PEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH. WHEREAS, the City Council of the City of Paris, Texaa, haa heretofore approved the final report of the Board of Equalization heretofore appointed by the City Council of the City of Paria, Texaa, wherein said Board of Equalization finds and fixes the value of all property Situated within the City of Paris, Texas, subject to ad valorem taxes, such total valuation being the sum of $24, 0018 804. 00; and, WHEREA.S, in accordance with the provisions of the Charter of the City of Paris, Texas, the City Manager has heretofore submitted to the City Council, a proposed budget of the revenues of the City and the expen- ditures for the conduct of the affairs thereof,, providing a complete financial plan for the fiscal year beginning July l, 1964, and ending June 30, 1965; and, WHEREASy the City Council has heretofore,., by ordinance adopted the budget appropriating from ad valorem taxes the following sums., to-wit: General Fund $4763533, 04 Debt Service Fund $ 699508.00 NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARI5: Section 1. That there shall be and is hereby levied for the year 1964 and ordered to be collected a tax of $2, 50 on each and every ONE HUNDRED DOLLARS ($100. 00) of the assessed valuation of all property of every de- scription subject to taxation within the corporate limits of the City of Paris, and that said tax so levied shall be distributed and apportioned as follows: For the payment of CURRENT EXPENSE5 of the City Government of the City of Paris, on each and every One Hundred Dollars worth of property situated within the cor- porate limits of the City of Paris and subject to taxation., a tax of (of which $0. 0124 will be for the operation of the Paris Municipal Band). $2. 1818 For paying interest and creating a sinking fund for WATERWORKS BONDS, Series "G"; on each and every One Hundred Dollars worth of property situated within the cor- porate limits of the City of Paris and subject to taxationo a tax of $0. 1284 For paying interest and creating a sinking fund for REFUNDING BONDS:9 1927 issue, on each and every One Hundred Dollars worth of property situated within the cor- porate limits of the City of Paris and subject to taxation,, a tax of $0, 0949