HomeMy WebLinkAbout1974-0929 - Ordinance - 06/27/1974ORDINANCE NO. 929
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 1974-75 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-four upon all property, real, personal, and mixed within the corpo-
rate 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), Twenty-five and one-half cents ($0.255) on each One hundred
dollar ($100.00) valuation of property, and
(2) For the Interest and Sinking Fund, Twelve cents ($0.12) 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 instance 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 27th day of June, 1974, A.D.
NEST
City Secretary
/�— APPROVED
Mayor