HomeMy WebLinkAbout1973-0880 - Ordinance - 06/25/1973ORDINANCE NO. 880
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 1973-74 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-
three 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), Fifteen and one-half cents ($0.155) on each One hundred dollar ($100.00)
valuation of property, and
(2) For the Interest and Sinking Fund, Twenty-two cents ($0.22) on each
One hundred dollar ($100.00) valuation of property to be apportioned as follows:
General Obligation Bonds, Voted 1968 and General Obligation Bonds, Voted 1971.
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 in-
stance to one-half of the State occupation tax, which said taxes shall be paid
annually in advance except where otherwise 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
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 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 25th day of June, 1973, A. D.
ATTEST
CITY SECEETARY�
APPROVED:
k:�
/ v---,
YOR
1r .