HomeMy WebLinkAbout1990-1867 - Ordinance - 10/11/1990ORDINANCE NO. 1867
AN ORDINANCE LEVYING THE TAXES FOR THE USE AND SUPPORT OF THE
MUNICIPAL GOVERNMENT OF THE CITY OF COLLEGE STATION AND PROVIDING FOR
~iE INTEREST AND SINKING FUND FOR THE YEAR 1990-1991 AND APPORTIONING
EACH LEVY FOR THE SPECIFIC PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS;
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, and to provide Interest and Sinking Fund for the
1990-1991 fiscal year upon all property, real, personal, and mixed
within the corporate limits of said city subject to taxation, a tax of
forty cents ($0.40) 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:
1. For the maintenance and support of the general government
(General Fund), thirteen and twenty-five one hundredths cents
($0.1325) on each one hundred dollar ($100.00) valuation of property;
and
2. For the Interest and Sinking Fund, twenty-six and seventy-
five one hundredths cents ($0.2675) on each one hundred dollar
($100.00) valuation of property to be apportioned as follows: General
Obligation Bonds, Issued 1968; General Obligation Bonds, Issued 1971;
General Obligation Bonds, Issued 1976; General Obligation Bonds,
Issued 1978, 1978-II; General Obligation Bonds, Issued 1982-II;
General Obligation Bonds, Issued 1984; General Obligation Refunding,
Issued 1987; General Obligation Refunding, Issued 1988; General
Obligation Bonds, Issued 1989; Proposed General Obligation Bonds,
Issued 1991.
SECTION II. Ail monies 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 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 at the time of depositing any
monies, a statement showing to what fund such deposit should be made
and from what source received.
SECTION III. That this ordinance shall take effect and be in force
from and after its passage.
PASSED AND APPROVED THIS 11th DAY OF October , 1990.
ATTEST: ~/
C~nie Hooks, City Secretary
APPROVED,
Larry~