1525 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COPORDINANCE NO, 1525 .
AN ORDINANCE FIXING THE TAX RATE AND THE TAX LEVY
AND LEVYING AD VALOREM TAXES FOR THE CITY OF PA.R,J,S,
TEXAS FOR THE YEAR 1960, UPON ALL TAXABLE PROPERTY
WITHIN THE SAID CkTY OF PARIS, TEXAS, IN CONFORMITY
WITH THE CHARTER PROVISIONS AND ORDINANCES OF SAII?
CITY; AND REPEALTNG ALL ORDIlVANCES OR PARTS OF
ORDx1VANCES IlV CONFLxCT HEREWITH.
WHEREAS9 the City Council of the City of Paris, Texas has
heretofore approved the final report of the Board of Equalization here-
tofore appointed by the City Council of the City of Paris, Texa.s, where-in
said Board of Equalization finds and fixes the value of all property sit-
uated within the City of Paris, Texas, subject to ad valorem taxes, such
total valuation being the sum of $20, 812, 625. 00; and,
WHEREAS, in accordance with the provisions of the Charter of
the City of 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 1, 1960, and -ending
June 30, 1961; and,
WHEREA5, the City Council has heretofore, by ordinance adopted
the budget appropriating from ad valorem taxes the following sums,
to -w it:
General Fund $339, 505, 94
Debt Service Fund 113, 168. 64
NOW, THEREFORE, BE TT ORDAIlVED BY THE CITY COUNCIL. OF
THE CXTY OF PARIS:
Section 1. That there shall be and is hereby levied for the year
1960 and ordered to be collected a tax of $2. 50 on each and every ONE
HUNDRED DOLLARS ($1000 00) of the assessed valua.tion of all property
of every description subject to taxation within the corporate limits of the
City of Paris, and that said tax so levied sha11 be distributed and appor-
tioned as follows:
For the payment of CURRENT EXPENSES of the City
Government of the City of Faris, on each and every One
Hundred Dollars worth of property situated within the cor-
porate limits of the City of Paris and subject to taxa.tion,
a tax of (of which $0. 015 will be for the operation of the
Paris Municipal Band) $1.875
For paying interest and creating a sinking fund
for WATERWORK5 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 taxa.-
tion, a tax of $0.178
For paying interest and creating a sinking fund
for REFUNDING BONDS, 1927 issue, on each and every One
Hundred Dollars worth of property situated within the cor-
porate limits of the City of Paris and subject to taxation,
a tax of $0. 128
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, except where levy of same is ex-
pressly forbidden by general law, an occupation tax and license ta.x 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 Sta.te 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 tax rolls of
the City of Paris, Texas, for the current taxable year, the amounts and
rates herein levied and to keep a correct account of same, and the taxes
herein levied shall be collected as provided by the ordinances and the
Cha.rter of the City of Paris, Texas, and the laws of the State of Texa.s;
and when so collected, sarrie shall be deposited in the depository of the
City of Paris to be distributed in accordance with ordinanceo
Section 4, Current ad valorem taxes for the year 1960, pa,id on or
prior to December 31, 1960, shall be subject to discounts as follows:
Three per cent if paid on or before October
31, 1960; Two per cent if paid after October
31, 1960, and on or before November 30, 1960;
One per cent if paid after November 30, 1960,
and on or before December 31, 1960.
Section 5, All ordinances and parts of ordinances in conflict here-
with are hereby expressly repealed.
This ordinance shall be and remain in full force and effect from
and after its paesage and approval by the City Council of the City of
Paris,
APP OVED AS TO FORM;
City Attorney
Read, approved and passed this the l lth day of July, A. Do, 1960.
For paying interest and creating a sinking fund for
5EWER CONSTRUCTION BONDS, 5eries 1934, on each and
every One Hundred Dollars vvorth of property situated within
the corporate limits of the City of Paris and subject to
taxation, a ta.x of $0.020
For pay'tng interest and creating a sinking fund for
City of Paris, Texa.s, REFUNDTNG BONDS, 5eries 1936, 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. 157
For paying interest and creating a sinking fund for
CITY OF PARXS9 TEXAS, RESURFACING BOND5, Series
1936, on each and every One Hundred Dollars worth of pro-
perty situated within the corporate limits of the City of
Paris and aubject to taxation, a tax of $0. 019
For paying interest and creating a sinking fund for
CITY OF PARIS, TEXAS, ABATTOIR BONDS, Series 1936,
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. 005
For paying interest and creating a sinking fund for
CITY OF PARIS, TEXAS, STREET IMPROVEMENT BONDS,
Series 1937, on each and every One Hundred Dollars worth
of property situated within the corporate limits of the Gity
of Paris and subject to taxation, a tax of $0.015
For payin; interest and creating a sinking fund for
City of Paris, Texas, STREET IMPROVEMENT BONDS,
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. 015
For paying interest and creating a sinking fund for
City of Paris, Texas, 5TREET IMPROVEMENT BONDS,
Series 1939, on each and every One Hundred Dollars worth
of property s ituated within the corporate limits of the City
of Paris, and subject to taxation, a tax of $0. 016
For paying interest and creating a sinking fund for
CITY OF PARIS, TEXAS, WATERWORKS CONSTRUCTZON
BONDS, Series 1939, on each and every One Hundred
Dollars worth of property situa.ted within the corporate
limits of the City of Paris and subject to taxation, a tax of $0. 008
For paying interest and creating a sinking fund for
CITY OF PARYS, TEXAS, TIME WARR.ANTS, on each and
every One Hundred Dollars worth of property situated within
corporate limits of the City of Paris and subject to taxation;
a tax of $0.060
Sewer Construction Bonds, Series 1936, for paying
the interest and creating a sinking fund therefor, on each
and every One Hundred D+ollarsi worth of property situated
within the corporate limits of the City of Paris and subject
to taxation, a tax o f $ 0. 0 04
$2. 50