Ord 2457 10/7/1968 a
ORDINANCE NO.
AN ORDINANCE LEVYING, ASSESSING AND FIXING THE TAX
RATE FOT? Tr-12 IT:.;F IND SUPPORT OF ThE NUN1C1PAL GOV-
ERHEENT OF THE CITY OF WICHITA FALLS, TLXAS, AND
PROVIDiNG FO I I: ? ET AND SI.111.cl,a3 FUT) FOR THE
FISCL YEAR 1968-169 AND tF2ORTIONnG LACH LEVY
FOR TH7 SP=1:0TF1C PUI170 AND PRO.V1DING FOR THE
ASSE3SIENT OF ALL A7NUL OCCUPATJON TAXES PROVIDED
BY LAW, AND LECLUtIIG AN MERGL:0TCY.
BE IT ORDAINED BY THE BOARD OF ALDEHLEU OF THE CITY OF
WICHITA FALLS, TEV.S:
SECTION 1. That there be assessed, levied and collected
on all taxable property in the Cit?,, of Wichita Falls for the
year 1.965 and following, to-wit:
.41 on each (:;100.00 assessed valuation on 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 end its property.
$. 30 on each A100.00 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 fA00.00 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 libraries.
$.82 on each ,100.00 assessed valuation of all taxable
property for tho purpose of paying interest and principal for
the redemption of bonds legally issued by said City.
RECAPITULATION OF RATE
$. 96 for General Fund
$. 82 for Interest and Sinking Fund
Total levy for 1968 - $1.78 for $100.00 assessed valua-
tion 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.
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SECTION3. The inmediate need to continuo 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 71- dtay of October,
196g.
Y 0 R
ATTEST:
City Clerk