HomeMy WebLinkAbout1987-1725 - Ordinance - 09/24/1987 O~DINANCE NO. 1725
AN O~DINANCE I~%~YING THE TAXES FOR THE USE A~D SUPPORT OF THE MUNICIPAL
GOVE~T OF THE CITY OF (I~LEGE STATION AND PBOVIDING FOR THE INTEREST AND
SI~ING FUSD FOR TRE YEAR 1987 - 1988 A~D APPO[~IONING EACH LEVY FOR THE
SPECIFIC PURP(~ES.
BE IT O~DAIN~) BY THE CITY COL%]CIL OF THE CITY OF GOLL~GE STATIGN, TEXAS;
SE~,',GN I. Taat there is hereby levied and there shall be ~ollected for the use
and suu~ort of the municipal goverr~ent of the City of College Station, and to
provide Interest and Sinking Fund for the 1987 - 1988 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 beieg so levied and
apportioned to the specific purpose herein set forth:
1. For the maintenance and sul4~ort of the general goverrment (General
Fund), nine cents ($0.09) on each one hundred dollar ($100.00) valuation of
property; and
2. For the Interest and Sinking Fund, T~mnty-nine cents ($0.29) 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 Obligation Bonds, Issued 1978, 1978-II; General Obligation Bonds, Issued
1981; General Obligation Bonds, Issued 1982, 1982-II; General Obligation Bonds,
Issued 1984.
SECTION II. All monies collected under this ordinance for the specific items
therein named, shall be and the sa~e are hereby af~priated and set apart for
the specific purpose indicated in each item an~ the Assessor and Collector of
Taxes and the Director of Finance shall keep these accounts so as to readily and
distinctly show the a~ount collected, the ~unts expended and the ~ount on
hand at any tin~, 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
SECTION III. T~at this ordinance shall take effect and be in force frum and
after its passage.
PASSED ~ APPBOVED THIS 24th DAY OF Se~tember , 1987.
~ian Jon -es, -Ci~ Secretary
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