1556 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP

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ORDINANCE NO. 1556 . AN ORDINANCE FIXING THE TAX RATE AND THE TAX LEVY AND LEVYING AD VALOREM TAXES FOR THE CITY OF PARIS, TEXAS FOR THE YEAR 1961, UPON ALL TAXABLE PROPERTY WITHIN THE SAID CITY OF PARIS, TEXAS, IN GONFORMITY WITH THE GHARTER PROVISIONS AND OR.DINANCES OF SAID CITY; AND REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH, WHEREAS, the City Council of the City of Paris, Texas, has here- tofore approved the final report of the Board of Equalization heretofore appointed by the City Council of the City of Paris, Texas, wherein said Board of Equalization finds and fixes the value of all property situated within the Cityof Paris, Texas, subject to ad valorem taxes, such total valuation being the sum of $21, 367, 771. 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 ex- penditures for the conduct of the affairs thereof, providing a complete financial plan for the fiscal year beginning July l, 1961, and ending June 30, 1962; and, WHEREAS, the City Council has heretofore, by ordinance adopted the budget appropriating from ad valorem taxes the following sums, to -w it: General Fund $384, 064. 32 Debt Service Fund 75, 586.53 NOW, THEREFORE, BE IT ORDAIlVED BY THE CITY COUNCIL OF THE CITY OF PARIS: Section l. That there shall be and is hereby levied for the year 1961 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 description subject to taxation within the corporate limits of the City of Paris, and that said tax so levied shall be distributed and ap- portioned 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 situated within the cor- porate limits of the City of Paris and subject to taxation, a tax of (of which $0. 015 will be for the operation of the Paris Municipal Band) $2. 09 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 corporate limits of the City of Paris and subject to ta.xation, a tax of $0. 168 For paying interest and creating a sinking fund for R.EFUNDING BONDS, 1927 issue, on each and every One Hundred Dollars worth of property situated within the corporate limits of the City of Paris and subject to ta,xation, a tax of $0.121