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ORDIlVANCE NO, 1595 ,
<br />AN ORDINANCE FDCIlVG THE TAX R.ATE AND THE TAX LEVY
<br />AND LEVYIlVG AD VALOREM TAXES FOR THE CITY OF PAR]S,
<br />TEXAS FOR THE YEAR 1962, UPON ALL TAXABLE PRQPERTY
<br />WITHILV THE SAID CITY OF PARTS, TEXAS, IN CONFORMITY
<br />WITH THE CHARTER PROVTSZONS AND ORDINANCES OF SAID
<br />CITY; AND REPEALIlVG ALL ORDINANCES QR PARTS OF
<br />ORDINANCES TN CONFLICT HEREWITH,
<br />WHEREAS, the City Council of the City of Paris, Texas, has heretofore
<br />approved the final report of the Board of Equalization heretofore appointed
<br />b y the City Council of the City of Paris, Texas, where in said Board of
<br />Equalization finds and fixes the value of all property situated within the City
<br />of Pa.ris, Texas, subject to ad valorem taxes, such total valuation being the
<br />s um of $22, 711 , 743e 00; and,
<br />WHEREAS, in a ccordance with the provisions of the Charter of the
<br />City of Paris, Texa.s, the City Manager ha.s heretofore submitted to the City
<br />Cou,nci.l, a proposed budget of the revenues of the City and the expenditures
<br />for the conduct of the affairs thereof, providing a complete financi.a.l plan
<br />for the fiscal ysar beginning July 1, 1962, and endi.ng June 30, 190; and,
<br />WHEREAS, the City Council has heretofore, by ordi.nance adopted the
<br />budget appropriating from ad valorem taxes the following sums, to-wit:
<br />General Fund $414, 189.44
<br />Debt Service Fund 74, 113, 02
<br />NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL pF
<br />THE CITY OF PARI,S o
<br />S ection 1. That there shall be and is hereby levied for the year 1962
<br />and ordered to be collected a tax of $2.50 on each and every ONE HUNDRED
<br />DOLLARS ($100. 0 0) of the assessed valuation of all prope rty of every de-
<br />scription subject to ta.xa.tion within the corporate limits of the City of Pa.ris,
<br />and that said tax so levied sha.ll be dist ributed and apportioned as follows ;
<br />For the pa,yment of CURRENT EXPENSES of the City
<br />Government of the City of Paria, on each and every One
<br />Hundred Dollars worth of property situated within the cor-
<br />porate limits of the Gity of Paris and subject to taxation,
<br />a tax of (of which $0.015 will be for the operation of the
<br />Pa,ris Municipal Band) $2.12
<br />For paying interest and creating a sinking fund
<br />for WATERWORKS BONDS, Seriea 'G'; on each and every
<br />One Hundred Dollars worth of property situated within the
<br />corporate limits of the City of Paris and subject to
<br />taxation, a tax of $0.154
<br />For paying interest and creating a sinking fund for
<br />REFUNDING BONDS, 1927 issue, on each and every One
<br />Hundre d Dollar s worth of property situated within the
<br />corporate limits of the City of Paris and subject to
<br />taxation, a tax of $0.115
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