HomeMy WebLinkAbout1971-0747 - Ordinance - 06/28/1971ORDINANCE NO. 747
AN ORDINANCE LEVYING 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 1971-72 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 one upon all property, real,
personal, and mixed, within the corporate limits of said city subject to taxation, a tax
of Thirty-seven and one-half Cents ($0.375) 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-three and one-half Cents ($0.235) on
each One Hundred Dollar ($100. 00) valuation of property to be apportioned as follows:
General Obligations Bonds, Voted 1968, and General Obligations Bonds, Voted 1971.
Section H. 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 other-
wise provided by the 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 Tgxes, 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 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.
ORDINANCE NO. 747
Page 2
Section IV. That this ordinance shall take effect and be in force from and
after its passage.
PASSED AND APPROVED this 28th day of June, 1971, A. D.
PR
ATTEST:
Assistant City Secretary `