Ord 1927 10/10/1960 ORDINANCE NO, 1927
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 PRO-
VIDING FOR THE INTEREST AND REDEMPTION FUND FOR THE FISCAL YEAR 1960-61, AND APPORTION-
ING EACH LEVY FOR THE SPECIFIC PURPOSE AND PROVIDING FOR THE ASSESSMENT OF ALL ANNUAL
OCCUPATIONAL TAXES. PROVIDED BY LAW.
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 1960 AND FOLLOWING, TO WIT:
$ .60 ON EACH $100.00 ASSESSED VALUATION OF ALL TAXARTE PROPERTY IN THE
CITY FOR THE MAINTENANCE AND SUPPORT OF THE GENERAL GOVERNMENT, INCLUDING CURRENT
EXPENSES AND GENERAL IMPROVEMENTS OF SAID CITY AND ITS PROPERTY KNOWN AS THE GENERAL
FUND,
$ .30 ON EACH $100,00 ASSESSED VALUATION OF ALL TAXARTE PROPERTY IN THE
CITY FOR THE PURPOSE OF LAYING OUT, OPENING, AND CONSTRUCTING, REPAIRING AND IMPROV
ING THE ROADS, BRIDGES, AND STREETS WITHIN THE LIMITS OF SAID CITY, KNOWN AS THE
STREET FUND.
$ .20 ON EACH $100.00 ASSESSED VALUATION OF ALL TAXABLE PROPERTY IN THE
CITY FOR CURRENT EXPENSES IN MAINTAINING, IMPROVING AND BEAUTIFYING PUBLIC PARKS
AND MAINTAINING AND IMPROVING PUBLIC PLAYGROUNDS, KNOWN AS THE PARK FUND,
$ .05 ON EACH $100.00 ASSESSED VALUATION OF ALL TAXABLE, PROPERTY FOR
CURRENT EXPENSES FOR THE PURPOSE OF ESTABLISHING, PROVIDING, MAINTAINING AND OPERATING
WITHIN SAID CITY, A PUBT,IC LIBRARY OR LIBRARIES, KNOWN AS THE LIBRARY FUND.
$ .68 ON EACH $]L00.00 ASSESSED VALUATION OF ALL TAXABLE PROPERTY FOR THE
PURPOSE OF PAYING INTEREST AND PRINCIPAL FOR THE REDEMPTION OF BONDS HERETOFORE
LEGALLY ISSUED BY SAID CITY, KNOWN AS THE INTEREST AND REDEMPTION FUND.
RECAPITULATION OF RATE
$1.15 FOR GENERAL OPERATING FUND
$ ..68 FOR INTEREST AND REDEMPTION FUND
TOTAL LEVY FOR 1960— $1.83, 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, WHICH SHALL BE PAID IN ADVANCE, SAID OCCUPATION LICENSE
TO BE ONE—HALF OF THE STATE LICENSE 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 10th DAY OF OCTOBER, A. D 1960.
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Jc JEre.iley'-Me-is° fir;, r. Mayor Prot;-'
ATTEST:
A. L. Fitts, City Clerk