HomeMy WebLinkAbout1998-2348 - Ordinance - 09/24/1998ORDINANCE NO.
2348
AN ORDINANCE LEVYING THE AD VALOREM TAXES FOR THE USE AND SUPPORT
OF THE MUNICIPAL GOVERNMENT OF THE CITY OF COLLEGE STATION, TEXAS,
AND PROVIDING FOR THE GENERAL DEBT SERVICE FUND FOR THE YEAR 1998-
99 AND APPORTIONING EACH LEVY FOR THE SPECIFIC PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS:
SECTION 1. That there is hereby levied and there shall be collected for the use and support of
the municipal government o[ the City of College Station, Texas, and to provide General Debt
Service for the 1998-99 fiscal year upon all property, real, personal and mixed within the corporate
limits of said city. subject to taxation, a tax of forty-two and ninety-three hundredths cents ($0 4293)
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:
For the maintenance and support of the general government
(General Fund), sixteen and eighteen hundredths cents
($0 1618) on each one hundred dollar ($100 00) valuation of
property, and
For the general obligation debt service (Debt Service Fund),
twenty-six and seventy-five hundredths cents ($0 2675) on
each one hundred dollars ($100.00) valuation of property to be
used for principal and interest payments on bonds and other
obligations of the fund.
SECTION I!. All moneys 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 a statement at the time of depositing any money, showing from
what source such taxes were received and to what account (General Fund or General Debt Service
Fund) the funds were deposited
SECTION I!! That this ord,nance shall take effect and be in force from and after its passage
PASSED AND APPROVED THiS 24th DAY OF SEPTEMBER, 1998.
Connie I-looks. t?,V., Secretary
APPROVED:
Lynn'l~cllhane~. M~yor /