HomeMy WebLinkAbout1976-1029 - Ordinance - 06/24/1976ORDINANCE NO. 1029
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 1976-77 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-six
upon all property, real, personal, and mixed within the corporate limits of said
city subject to taxation, a tax of Forty-three cents ($0.43) 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), Thirty-four and one-half cents ($0.345) on each One hundred dollar ($100.00)
valuation of property, and
(2) For the Interest and Sinking Fund, Eight and one-half cents ($0.085)
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 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 Texas
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 24th day of June, 1976, A.D.
/APROVED
Mayor
ATTEST
City Secretary