Ord 3125 10/7/1976 ORDINANCE NO. 3125
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 1976-1977 AND APPORTIONING EACH LEVY
FOR THE SPECIFIC PURPOSE AND PROVIDING FOR
THE ASSESSMENT OF ALL 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, for the
year 1976 and following, to-wit:
$ .35 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.
$ . 1775 on each $100. 00 assessed valuation of all taxable
property in the City for the purpose of laying out, opening,
constructing, repairing and improving the roads, bridges
and streets within the limits of said City.
$ .14 on each $100. 00 assessed valuation of all taxable
property in the City for the purpose of maintaining, improving
and beautifying public parks and cemeteries and maintaining
and improving public playgrounds.
$ . 0325 on each $100. 00 assessed valuation of all taxable
property for the purpose of establishing, providing, maintaining
and operating within said City a public library or libraries.
$ .35 on each $100. 00 assessed valuation of all taxable
property for the purpose of paying interest and principal for
the redemption of bonds legally issued by said City.
RECAPITULATION OF RATE
$0.70 for General Fund
$0. 35 for Interest and Sinking Fund
Total levy for 1976- $1. 05 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 the 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 immedi-
ately, and it is so ordained.
PASSED AND APPROVED this the 7th day of October, 1976.
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ATTEST:
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CITY CLERK