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<br /> ORDINANCE NO. 94-043
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<br /> AN ORDINANCE FIXING THE TAX RATE AND THE TAX LEVY, AND
<br /> LEVYING AD VALOREM TAXES FOR THE CITY OF PARIS, PARIS, TEXAS,
<br /> FOR THE YEAR 1994, UPON ALL TAXABLE PROPERTY WITHIN THE SAID
<br /> CITY OF PARIS, TEXAS, IN CONFORMITY WITH THE CHARTER
<br /> PROVISIONS AND ORDINANCES OF SAID CITY; AND REPEALING ALL
<br /> ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH.
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<br /> WHEREAS, the Lamar County Appraisal District, as authorized by the Laws of
<br /> the State of Texas, has fixed the value of' all property situated within the City of Paris,
<br /> Texas subject to ad valorem taxes far the year 1994, such total valuation being the sum of
<br /> $766,236,414.00; and,
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<br /> WHEREAS, in accordance with provisions of Ordinances passed by the City
<br /> Council of the City of Paris, Paris, Texas, property owners over the age of 65 and
<br /> disabled Veterans have filed exemptions in the sum of $39,316,398.00 making a new
<br /> valuation subject to ad valorem taxes in the sum of $726,920,016.00; and,
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<br /> WHEREAS, in accordance with the provisions of the Charter of the City of Paris,
<br /> Paris, Texas, the City Manager has heretofore submitted to the City Council a proposed
<br /> budget of the revenues of the City and the expenditures for the conduct of the affairs
<br /> thereof, providing a complete financial plan for the fiscal year beginiung October l, 1994,
<br /> and ending September 30, 1995; and,
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<br /> WHEREAS, the City Council has heretofore, by ordinance adopted the budget
<br /> appropriating from ad valorem taxes the following sums, to-wit:
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<br /> General Fund $2,954,275.00
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<br /> Debt Service Fund $ 620,825.00
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<br /> NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
<br /> CITY OF PARIS:
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<br /> Section 1. That there shall be and is hereby levied for the year 1994, and
<br /> ordered to be collected a tax of $0.5177 on each and every ONE HUNDRED DOLLARS
<br /> ($100.00) of the assessed valuation of all property of every description subject to taxation
<br /> within the corporate limits of the City of Paris, and that said tax so levied shall be
<br /> distributed and apportioned as follows:
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<br /> For the payment of CURRENT EXPENSES of the City
<br /> Government of the City of Paris, on each and every
<br /> One Hundred Dollars worth of property situated
<br /> within the corporate limits of the C'ity of Paris
<br /> and subject to taxation a tax of (of which $.00143
<br /> will be for the operation of the Paris Municipal
<br /> Band) $0.4278
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<br /> For paying interest and creatiug a sinking fund
<br /> for General Obligation Bonds, Series "1985", on
<br /> each and every One Hundred Dollars worth of
<br /> property situated within the corporate limits of
<br /> the City of Paris and subject to taxation, a tax of $0.0141
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<br /> For Certificates of Obligation Series 1993 $0.05804
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