HomeMy WebLinkAbout1991-1909 - Ordinance - 09/12/1991ORDINANCE NO. lgOg
~N ORDINANCE LHVYZNG THE AD VALOREM TAXES FOR THE USE AND SUPPORT
OF THE MUNICIPAL GOVERNMENT OF THE CITY OF COLLEGE STATION AND
PROVIDING FOR THE GENERAL DEBT SERVICE FUND FOR THE YEAR 1991-92
AND APPORTIONING EACH LEVY FOR THE SPECIFIC PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEGE
STATION, TERAS~
SECTION I. That there is hereby levied and there shall be
collected for the use and support of the municipal governuent of
tho city of college Station, and to provide eeneral Debt Service
Fund for tho lggl-g2 fiscal year upon all property, real,
personal and mixed within the corporate limits of said city
sub~ect to taxation, a tax of forty cents ($0.4000) on each one
hundred dollar ($100.00) valuation of property, and said tax
beinq so levied and apportioned to the specific purpose herein
set forth~
For the maintenance and support of the general
government (General Fund), twelve and twenty-five one
hundredths cents ($0.1225) on each one hundred dollar
($100.00) valuatlon of property~ and
For the General Debt Service Fund, twenty-seven and
seventy-five one hundredths cents.($0.2?7$) on each one
hundred dollars ($100.00) valuat=on of property to he
used for principal and interest payments on bonds and
other obligatlons of the fund.
SBCTIO~ II. Ali monies collected under this ordinance f~r t~e
8pecifx? items therein named, shall be.a~d the sem~ ~e 9e e y
appropraated and set apart for the specafac purpose ana~ca~ea an
each item and the ~ssessor and Collector of Taxes and the
Executive 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 th? duty of the Tax ~ssess~r and
Collector to deliver at the tame of depositing any monxes, a
statement showinq to what fund such deposit should bo made and
from what source received·
SECTION III. That this ordinance shall take effect and be in
force from and after its passaqe.
PASSED AND APPROVED THIS 12th DAY OF ~, 1991.
Connie Hooks, City Secretary
APPROVED