HomeMy WebLinkAbout1988-1775 - Ordinance - 09/21/1988ORDINANCE NO. 1775
AN ORDINANCE LEVYING THE TAXES FOR THE USE AND SUPPORT OF THE MUNICIPAL GOVERNMENT
OF THE CITY OF COLLEGE STATION AND PROVIDING FOR THE INTEREST AND SINKING FUND FOR
THE YEAR 1988 - 1989 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 1988-1989 fiscal year upon all property,
real, personal, and mixed within the corporate limits of said city subject to
taxation, a tax of thirty-eight cents ($0.38) 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), Fourteen cents ($0.14) on each One Hundred Dollar ($100.00) valuation of
property; and
2. For the Interest and Sinking Fund, Twenty-four cents ($0.24) on each One
Hundred Dollar ($100.00) valuation of property to be apportioned as follows:
General Obligation Bonds, Issued 1971; General Obligation Bonds, Issued 1976;
General Obligaiton Bonds, Issued 1978, 1978-II; General Obligation Bonds, Issued
1981; General Obligation Bonds, Issued 1982, 1982-II; General Obligation Bonds,
Issued 1984; General Obligation Refunding, Issued 1987; General Obligation
Refunding, Issued 1988.
SECTION II. All 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 dutiy 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 21st DAY OF September , 1988.
APPROVED,
ATTEST:
n05397
ian Jon s CCity Secretary