1525 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP

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ORDINANCE NO, 1525 . AN ORDINANCE FIXING THE TAX RATE AND THE TAX LEVY AND LEVYING AD VALOREM TAXES FOR THE CITY OF PA.R,J,S, TEXAS FOR THE YEAR 1960, UPON ALL TAXABLE PROPERTY WITHIN THE SAID CkTY OF PARIS, TEXAS, IN CONFORMITY WITH THE CHARTER PROVISIONS AND ORDINANCES OF SAII? CITY; AND REPEALTNG ALL ORDIlVANCES OR PARTS OF ORDx1VANCES IlV CONFLxCT HEREWITH. WHEREAS9 the City Council of the City of Paris, Texas has heretofore approved the final report of the Board of Equalization here- tofore appointed by the City Council of the City of Paris, Texa.s, where-in said Board of Equalization finds and fixes the value of all property sit- uated within the City of Paris, Texas, subject to ad valorem taxes, such total valuation being the sum of $20, 812, 625. 00; and, WHEREAS, 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 expenditures for the conduct of the affairs thereof, providing a complete financial plan for the fiscal year beginning July 1, 1960, and -ending June 30, 1961; and, WHEREA5, the City Council has heretofore, by ordinance adopted the budget appropriating from ad valorem taxes the following sums, to -w it: General Fund $339, 505, 94 Debt Service Fund 113, 168. 64 NOW, THEREFORE, BE TT ORDAIlVED BY THE CITY COUNCIL. OF THE CXTY OF PARIS: Section 1. That there shall be and is hereby levied for the year 1960 and ordered to be collected a tax of $2. 50 on each and every ONE HUNDRED DOLLARS ($1000 00) of the assessed valua.tion of all property of every description subject to taxation within the corporate limits of the City of Paris, and that said tax so levied sha11 be distributed and appor- tioned as follows: For the payment of CURRENT EXPENSES of the City Government of the City of Faris, on each and every One Hundred Dollars worth of property situated within the cor- porate limits of the City of Paris and subject to taxa.tion, a tax of (of which $0. 015 will be for the operation of the Paris Municipal Band) $1.875 For paying interest and creating a sinking fund for WATERWORK5 BONDS, Series "G", on each and every One Hundred Dollars worth of property situated within the corporate limits of the City of Paris and subject to taxa.- tion, a tax of $0.178 For paying interest and creating a sinking fund for REFUNDING BONDS, 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. 128