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2342 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP FOR 1977ORDINANCE NO. 234 2 AN ORDINANCE FIXING THE TAX RATE AND THE TAX LEVY, AND LEVYING AD VALOREM TAXES FOR THE CITY OF PARIS, PARIS, TEXAS, FOR THE YEAR 1977, UPON ALL TAXABLE PROPERTY WITHIN THE SAID CITY OF PARIS, TEXAS, IN CON- FORMITY WITH THE CHARTER PROVISIONS AND ORDINANCES OF SAID CITY; AND REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH. WHEREAS, the Board of Equalization heretofore appointed by the City Council of the City of Paris has met and has fixed the value of all property situated within the City of Paris, Texas subject to ad valorem taxes for the year 1977, such total valuation being the sum of $50, 738, 797. 00; and, WHEREAS, in accordance with provisions of Ordinances passed by the City Council of the City of Paris, Paris, Texas, pro- perty owners over the age of 65 and disabled Veterans have filed exemptions in the sum of $3, 466, 330. 00 making a new valuation subject to ad valorem taxes in the sum of $47, 272, 467. 00; and, WHEREAS, in accordance with the provisions of the Charter of the City of Paris, 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 l, 1977, and ending June 30, 1978; and, WHEREAS, the City Council has heretofore, by ordinance adopted the budget appropriating from ad valorem taxes the follow- ing sum, to-wit: General Fund $993, 700. 00 NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS: Section l. That there shall be and is hereby levied Eor the year 1977 and ordered to be collected a tax of $2. 20 on each and every ONE HUNDRED DOLLARS ($100.00) of the assessed valuation of all property of every description subject to taxation within the cor- porate limits of the City of Paris, and that said tax so levied shall be distributed and apportioned 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 1 i____~i_ -L.. nf i'}lP C1rV nf where levy of the same is expressly forbidden by general law, an occupation tax and license tax equal to one-half (1/2) of that levied by the State of Texas against such occupation. This provision applies to each and every occupation upon which the State of Texas levies a tax and fixes a license fee and only to such occupations. Section 3. The City Tax Assessor and Collector of the City of Paris is hereby directed to assess, extend and enter upon the rolls of the City of Paris, Paris, Texas, for the current taxable year, the amount and rates herein levied and to keep a current account of same, and the taxes herein levied shall be collected as provided by the ordinances and the Charter of the City of Paris, Paris, Texas, and the laws of the State of Texas; and when so collected, same shall be distributed in accordance with ordinance. Section 4. Current ad valorem taxes for the year 1977, paid on or prior to December 31, 1977, shall be subject to dis- counts as follows: Three per cent if paid on or before October 31, 1977; Two per cent if paid after October 31, 1977, and on or before November 30, 1977; One per cent if paid after November 30, 1977, and on or before December 31, 1977. Section 5. All ordinances and parts of ordinances in con- flict herewith are hereby expressly repealed. This ordinance shall be and remain in full force and effect from and after its passage and approval by the City Council of the City of Paris. Read, approved and passed this llth day of July, 1977. t Ja es 1VI. Srune te, Mayor ~ A TTEST: H. re e, ity Cler ~ APP OVEI,? ~X TO FORM: tAtto~rne , , aynes, City y