1482 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP

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ORDINANCE N0. 1482 AN ORDINANCE FIXING THE TAX RATE AND T!-iE TAX LEVY AiiD LEVYING AD VALOREM TAXES FGR THE CITY OF PARIS, TFXAS FOR THE YEAR 1959,, UPqV ALL TAXABLE PRGPERTY WITHIN TI-iE SAID CITY OF PARIS, TIXAS, IN CONFORMITY WITH THE CHARTER PROVISIOrIS AND ORDTNANCES UF SAID CITY; AND REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN COPIFLICT HEREWITH. WHEtZEAS, the City Council of the City of Parisp Texas has heretofore 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 City af Faris, Texas, subject to ad valorern taxes, such total valuation being the sum of $209038,080.00; and, WHEREAS, in accordance with the provisions of the Char-ter of the City of Pariss Texas, the City Manager has heretofore submitted to the City Councilp a proposed budget of the revenues of the City and the expenditures for the conduct of the affairs thereof, providing a complete financial plan for the fiscal year beginning July l, 19599 and ending June 30, ~95$,and, /y, o a WHEREAS, the City Council has heretofore, by ordinance adopted the budget appropriating from ad valorem taxes the following sumsp to-wit: General Fund $3149497.67 Debt Service Fund 1169321.05 NOW, TI-P-REFORE, BE IT ORDAINED BY THE CITY COiJP1CIL OF THE CITY OF PARIS: Section 1. That there shall be and is hereby levied for the year 1959 and ordered to be collected a tax of $2.50 on each and every ONE HUND.RED 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 Parist and that said tax so levied shall be distributed and apportioned as followss For the payment of CURRE;VT EXPFrvSES of the City Government of the City of Paris, on each and every One Hundred Dollars worth of property situated within the corporate 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) $1.825 For paying interest and creating a sinking fund for WATERWORK5 BONDS, Series "G", on each and every Une liundred Doll,ars worth of property situated within the corporate limits of the City of Paris and subject to taxation, a tax of $0.194 For paying interest and creating a sinking fund for REFUIdDING BOtdDS, 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 taxations a tax of $0.141 For paying interest and creating a sinking fund for SEfiER CGNSTRUCTION BONDSp Series 19349 on each and every Gne Hundred Dollars worth of property situated within the corporate limits of the City of Paris and subject to taxation, a tax of $0o022 For paying interest and creating a sinking fund for City of Parist Texas, REFUIIDING BONDS, Series 1936, on each and every Une Hundred Dollars worth of property situated within the corporate limits of the City of Paris and subject to taxation, a tax of $0.168 _