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Ord 78-2002 9/17/2002 • ORDINANCE NO. 78-2002 ORDINANCE OF THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, LEVYING, ASSESSING, AND FIXING THE TAX RATE FOR THE USE AND SUPPORT OF THE WICHITA FALLS MUNICIPAL GOVERNMENT AND PROVIDING FOR THE INTEREST AND SINKING FUND FOR THE 2002-03 FISCAL YEAR; DECLARING AN EMERGENCY; AND FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS ORDINANCE WAS PASSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: SECTION 1. There be assessed, levied, and collected on all taxable property in the City of Wichita Falls, Texas, for the year 2002 and following, to-wit: $0.532984 on each $100.00 assessed valuation of all taxable property in the City for the purpose of paying the general governmental operating expenses of the City and for general improvements of said City and its property. $0.059476 on each $100.00 assessed valuation of all taxable property in the City for the purpose of paying interest and principal for the redemption of bonds legally issued by said City. RECAPITULATION OF RATE $0.532984 for General Fund $0.059476 for Interest and Sinking Fund Total levy for 2002: $0.592460 per $100.00 assessed valuation of all taxable property in the city. SECTION 2. There is also levied an occupation tax on every person, firm or corporation pursuing any of the occupations named in the Charter, ordinances and general laws of Texas as being subject to such a tax by cities, which shall be paid in advance; said occupation tax shall be one-half (1/2) of the state tax for similar occupations. SECTION 3. The immediate need to continue the normal operations of the business of the City creates an emergency and in order to protect the public health, welfare and to preserve the peace, this ordinance shall take effect immediately, and it is so ordained. SECTION 4. It is hereby officially found and determined that the meeting at which this ordinance was passed was open to the public as required by law. PASSED AND APPROVED this the 17th day of September, 2002. MAYOR ATTEST: I L;J d )okez City Clerk