HomeMy WebLinkAbout1970-0688 - Ordinance - 06/22/1970ORDINANCE NO, 688
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 1970-71 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 upon all property, real, personal,
and mixed, within the corporate limits of said city subject to taxation, a tax of Seventy-five
Cents ($0.75) on each One Hundred Dollar ($100. 00) valuation of property, 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),
Fifty-one Cents ($0, 51) on each One Hundred Dollar ($100. 00) valuation of property, and
(2) For the interest and sinking fund, Twenty-four Cents ($0.24) on each
One Hundred Dollar ($100. 00) valuation of property to be apportioned as follows:
General Obligation Bonds, Voted 1968.
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 occupa-
tion 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.
its passage.
Section IV. That this ordinance shall take effect and be in force from and after
PASSED AND APPROVED this 26th day of June, 1970, A. D.
_APPROVED:
Mayor
ATTF�ST:
Cit Secretary