HomeMy WebLinkAbout1989-1827 - Ordinance - 09/27/1989NO.1827
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 1989 - 1990 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
1989-1990 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), sixteen cents ($0.16) 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 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; Proposed General Obligation Bonds, Issue
1989.
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
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 27th DAY OF SeRtember , 1989.
APPROVED,
Larry Ringet--Mayor
ATTEST:
n'.�75�
Dian Jones, ity Secretary