Ord 2674 10/7/1971 ORDINANCE NO. 2674
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 1971-1972 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 :
SECTION 1. That there be assessed, levied and collected
on all taxable property in the City of Wichita Falls, for the year
1971 and following, to-wit:
$ .37 on each $100 .00 assessed valuation of all taxable
property in the City for the purpose of paying the general govern-
mental operating expenses of the City and for general improvements
of said City and its property.
$ .28 on each $100.00 assessed valuation of all taxable
property in the City for the purpose of laying out, opening, con-
structing, 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 improv-
ing public playgrounds.
$ .05 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.
$ .95 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
$ .90 for General Fund
$ .95 for Interest and Sinking Fund
Total levy for 1971 - $1.85 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.
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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 7th day of October, 1971.
M A Y O R t
ATTEST:
..i/k/4,,yea)i, or
City Clerk