HomeMy WebLinkAbout1995-2150 - Ordinance - 09/28/1995ORDINANCENO._~
AN ORDINANCE LEVYING THE AD VALOREM TAXES FOR THE USE AND SUPPORT OF
THE MUNICIPAL GOVERNMENT OF THE CITY OF COLLEGE STATION, TEXAS, AND
PROVIDING FOR THE GENERAL DEBT SERVICE FUND FOR THE YEAR '1995-96 AND
APPORTIONING EACH LEVY FOR THE SPECIFIC PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS,
THAT:
SECTION I. That there is hereby levied and there shall be collected for the use and support of the
municipal government of the City of College Station, Texas, and to provide General Debt Service
for the 1995-96 fiscal year upon all property, real, personal and mixed within the corporate limits
of said city subject to taxation, a tax of forty-four and fifty one-hundredths cents ($0.4450) on each
one hundred dollar ($100.00) valuation of property, and said tax being so levied and apportioned
to the specific purpose herein set forth:
For the maintenance and support of the general government (General Fund),
sixteen and twenty-five one hundredths cents ($0.1625) on each one hundred
dollar ($100.00) valuation of property; and
For the general obligation debt service, (General Debt Service Fund), twenty-
eight and twenty-five one hundredths cents ($0.2825) on each one hundred
dollar ($100.00) valuation of property to be used for principal and interest
payments on bonds and other obligations of the fund.
SECTION I1. All moneys collected under this ordinance for the specific items therein named, shall
be and the same are hereby appropriated and set apart for the specific purpose indicated in each
item and the Assessor and Collector of Taxes and the Executive Director of Finance Shall keep
these accounts so as to readily and distinctly show the amount collected, the amounts expended
and the amount on hand at any time, belonging to such funds. It is hereby made the duty of the
Tax Assessor and Collector to deliver a statement, at the time of depositing any money, showing
from what source such taxes were received and to what account (General Fund or General Debt
Service Fund) the funds were deposited.
SECTION II1. That this ordinance shall take effect and be in force from and after its passage.
PASSED AND APPROVED THIS 28th DAY OF SEPTEMBER, 1995.
APPROVED:
Larry Ringer, Mayor
ATTEST:
~nie i~ooks, City Secretary