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1833 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP FOR 1967ORDINANCE 1V0. 1833 AN ORDINANCE FIXING THE TAX RA.TE AND THE TAX LEVY AND LEVYING AD VALOREM TAXES FOR THE CITY OF PARIS, TEXASI FOR THE YEAR 1967, UPON ALL TAXABLE PROPERTY WITHIN THE SAID CITY OF PARIS, TEXAS, IN CONFORMITY WITH THE CHARTER PROVISIONS AND ORDINANCE5 OF SAID CITY; AND REPEALING ALL ORDINANCES OR PARTS OF ORDI_ NANCES IN CONFLICT HEREWITH. WHEREAS, the City Council of the City of Paris, 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 of Paris, Texas, subject to ad valorem taxes, such total valuation being the sum of $27,961,048,00; and, WHEREAS, in accordance with the provisions of the Charter of the City of Paris, Texas, the City Manager has heretofore sub.» mitted to the City Council, a proposed budget of the revenues of the City and the expenditures for the conduct of the affairs there- of, providing a complete financial plan for the fiscal year begin» ning July 1, 1967, and ending June 30, 1968; and, WHEREAS, the City Council has heretofore, by ordinance adopted the budget appropriating f rom ad valorem taxes the follow•• ing sums, to~wit: General Fund $562,000.00 Debt Service Fund 44,157.00 NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS: Section l, That there shall be and is hereby levied for the year 1967 and ordered to be collected a tax of $2,40 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 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 situated within the corporate limits of the City of Paris and subject to taxation, a tax of (of which $0,0105 will be for the operation of the Paris Municipal Band). $2.2243 For paying interest and creating a sinking fund for tnTATERWORKS 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 taxation, a tax of $0,0643 For paying interest axid creating a sinking fund f or CITY OF PARIS, TEXAS, RESURFACING BONDS, Series 1936, on each and every One Hundred Dollars worth of property situated within the c.orporate limits of the City of Paris and subject to taxation, a tax of $0.0074 For paying interest and creating a sinking fund for CITY OF PARIS, TEXA.S, ABATTOIR BONDS, Series 1936, on each and every Qne Hundred Dollars worth of pro- perty situated within th e corporate limits of the City of Paris and subject to taxation, a tax of $0,0002 For paying interest and creating a sinking fund for CITY OF PARIS, TEXAS, STREET IMFROVEMENT BQNDS, Series 1938, 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 $0,0058 For paying interest and creating a sinking fund for City of Paris, Texas, STREET IMFROVEMENT BQNDS, Series 1939,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 $0,0058 For paying interest for CITY OF PARIS, TEXAS, BONDS, Series 1939, on ea Dollars worth of property porate limits of the City taxation, a tax of and creating a sinking fund WATERWORKS CONSTRUCTION zh and a7ery One Hundred situated within the cor- of Paris and subject to $0.0029 For paying interest and creating a sinking fund for CITY OF PARIS, TEXAS, TIME WARRA.NTS, Series 1967, on each and every One Hundred Dollars worth of pro- perty situated within the corporate limits of the City of Paris and subject to taxation, a tax of $0.0893 $2.40 Section lA. That on any delinquent taxes collected for years prior to the year 1967, during the budget year 1967-68, the Director of Finance is hereby authorized and directed to apportio n the debt service collections on the bas:is of the above and foregoing distri.. bution for the respective debt service funds. Section 2. There is also levied and ordered to be collected against each and every person, firm or corporation pursuing an occupation within the corporate limits of the City of Paris, ex. cept where levy of same is exp.ressly 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 provi. sion applies to each and every occupation upon which the Stat e of Texas levies a tax and fixes a license fee and only to such occu- pations. 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, Texas, for the current taxable year, the amounts and rates herein levied and to keep a current account of same, and the taxes herein levied shall be collected as pro•- vided by the ordinances and the Charter of the City of Paris, Texas, and the laws of the State of Texas; and when so collected, same shall be deposited in the depository of the City of Paris to be distributed in accordance w:ith oxdinance. Sectio n 4. Current ad valorem taxes for the year 1967, paid on or prior to December 31, 1967, shall be subject to dis- counts as follows: Three per cent if paid on or before October 31, 1967; Two per cent if paid after October 31, 1967, and on or before November 30, 1967; One per cent if paid after November 30, 1967, and on or before December 31, 1967. Section 5, Al1 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 the lOth day of July, A. D., 1967. ~ dA,,, '1-r1 f~ . ~ r~ • ' Mayor \ ATTEST: `~--f--~'---- _ City Clerk APPROVT~D AS T FORM-s. , City Attorney.