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HomeMy WebLinkAbout1979-1162 - Ordinance - 06/27/1979ORDINANCE NO. 1162 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 1979-1980 AND APPORTIONING EACH LEVY FOR THE SPECIFIC PURPOSE. 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 year nineteen hundred and seventy nine upon all property, real, personal, and mixed within the corporate limits of said city subject to taxation, a tax of thirty-nine cents ($0.39) on each One hundred dollar ($100.00) valuation of property, and said tax being so levied and apportioned to the specific prupose herein set forth: (1) For the maintenance and support of the general government (General Fund), fifteen and 53/100 cents ($0.1553) on each One hundred dollars ($100.00) valuation of property, and (2) For the Interest and Sinking Fund, twenty-three and 47/100 cents ($0.2347) on each One hundred dollar ($100.00) valuation of property to be apportioned as follows: General Obligation Bonds, Voted 1968, General Obligation Bonds, Voted 1971, General Obligation Bonds,, Voted 1976, and General Obligation Bonds, Voted 1978. SECTION II. There is hereby levied and there shall be collected from every person, firm, association, or corporation pursuing any occupation taxed by the General Laws of the State of Texas, an annual occupation tax equal in each instance to one-half of the State occupation tax, which said taxes shall be paid annually in advance except where otherwise provided by State Laws, in which event the same may be paid as is provided by the State Law. SECTION III. 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 the duty of the Tax Assessor and Collector to deliver to the Director of Finance at the time of depositing any monies, a statement showing to what fund such deposit should be made and from what source received. All receipts for the City not specifically apportioned by this ordinance are hereby made payable to the General Fund of the City. SECTION IV. That this ordinance shall take effect and be in force from and after its passage. PASSED AND APPROVED this 27th day of June, 1979, A.D. ATTEST City Secretary tOVEDr 03WIS,