HomeMy WebLinkAbout1985-1600 - Ordinance - 06/27/19851600
AN O~DINkNCE ~ING THE ~ FOR THE USE ASD St~:PORT OF THE MUNICIPAL GGg~9~T G~
T6E CITY OF C~.?.mGE STATION k%D PBOVIDING FOR THE INTEREST A~) SINKING Ft~D FOR THE
YEAR 1985-1986 ~ ~GNING EACH L_Wv'Y FOR THE SPECIFIC PURPOSES.
BE IT OI~DAINED BY THE CITY (I]~3NCIL OF THE CITY OF CI~'.r.k"GE STATION, TEX~S;
SECTION I. That there is hereby levied and there shall be collected for the use and
support of the municipal goveLl.,~nt of the City of College Station, and to provide
Interest an~ Sinking Fund for the 1985-1986 fiscal year upon all pL~uerty, real,
personal, and mixed within the corl~rate limits of said city subject to taxation, a tax
of thirty-eight cents ($0.38) on each One Hundred Dollar ($100.00) valuation of
pz~perty, and said tax being so levied a~d apportioned to the specific purpose herein
set forth:
1. For the maintenance and support of the general goverr~nt (General Fund),
two cents ($0.02) on each one hundred dollars ($100.00) valuation of property; and
2. For the Interest and Sinking Fund, Thirty-six and 00/100 cents ($0.3600) On
each One hundred dollar ($100.00) valuation of property to he apportioned as follows:
General Obligation Bonds, Issued 1971, General Obligation Bonds, Issued 1976, General
Obligation Bonds, Issued 1978, 1978-II, General Obligation B(a~s, Issued 1981, General
Obligation Bonds, Issued 1982, 1982-II, General Obligation Bonds, Issued 1984.
SECTION II. There is hereby levied and there shall he collected frcm every parson,
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 the ~mount
allowed by State Law, which said taxes shall be paid annually in advance except where
otherwise provided by State Laws, in which event the sa~e may be paid as is provided by
State Law.
SECTION III. All monies collected under this ordinance for the specific items therein
named, shall he and the same are hereby ap~£op£iated and set a~art 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 ~x)unt
collected, the ~Dunts expended and the ~ount on han~ 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 t~me of depositing any monies, a stateaent 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.
That this ordinance shall take effect and he in force from and after its
PASS~DkRDAPPBOVED THIS 27th DAY OF June , 1985.
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