Ord 2740 10/9/1972 R .1
ORDINANCE NO. 00#
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 INTERST AND SINKING FUND
FOR THE FISCAL YEAR 1972-1973 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 1972 and following, to-wit:
$.44 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.
$.30 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.
$.20 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.
$.05 on each $100.00 assessed valuation of all taxable
property for the purpose of establishing, providing, maintain-
ing and operating within said City a public library or librar-
ies.
$.89 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.
1
RECAPITULATION OF RATE
$.99 for General Fund
$.89 for Interest and Sinking Fund
Total levy for 1972 - $1.88 for $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 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 immediately, and it
is so ordained.
PASSED AND APPROVED THIS the 9th DAY OF OCTOBER, 1972.
M A Y O R; 1/.42444 A./irAVnlOec"---
ATTEST:
Alicze 03111...•
City Clerk
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