Ord 3733 9/23/1980 di
s
ORDINANCE NO. d /m
AN ORDINANCE LEVYING, ASSESSING AND FIXING
THE TAX RATE FOR THE USE AND SUPPORT OF THE
MUNICIPAL GOVERNMENT OF THE CITY OF WICHITA
FALLS , TEXAS, AND PROVIDING FOR THE INTEREST
AND SINKING FUND FOR THE FISCAL YEAR 1980-81
AND APPORTIONING EACH LEVY FOR THE SPECIFIC
PURPOSE AND PROVIDING FOR THE ASSESSMENT
OF ANNUAL OCCUPATION TAXES PROVIDED BY LAW,
AND DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF
WICHITA FALLS , TEXAS, THAT:
SECTION 1. That there be assessed, levied and collected
on all taxable property in the City of Wichita Falls, Texas,
for the year 1980 and following, to-wit:
$ . 585 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.
$. 165 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. 585 for General Fund
$0. 165 for Interest and Sinking Fund
Total levy for 1980 -- $0. 75 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 occupa-
tions 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.
PASSED AND APPROVED this the 23rd day of September, 1980.
A•• _ _M A Y O R R
ATTEST:
City Clerk
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