Ord 1543 1/8/1951 ORDINANCE NO.
AN OiOINANUE LEVYING, ASSESSING Aiv'J F I,�ING THE TAX RATE FOR THE USE
A N�J `3UPP0aT OF `I'HZ r,TUNICIPAL OF T.Hz' CI`l'Y OF •uZCI ITA FALLS. TE)CAS,
AND P LOVIDING Flit Tri: INT_rG�J'T :dNU 6INKI14G FUiU FOH THE FISCAL Yt:AR 1950-51, AND
APPORTIONIiVG Ei:CH I VY FOR, Th- SPECIFIC PUAF0b.: , AAD PitOVIDING FO COUi C'PION
OF ALL AtZIUs.L OCCUPATION TAIit,S PFiOVID ;GJ BY STi;TE
BE IT ORDAINED BY THE BOAiiJ OF OF THL CTTY OF jICHIT14 FALLS,
SECTION 1. That there is hereby levied and there shall be assessed and
collected for the use and support of the municipal government of the City of
ichita Falls, Texas, and to provide Interest and Sinking Fund for the Fiscal
year nineteen hundred fifty and nineteen hundred fifty one, upon all property,
real, personal and mixed, within the corporate limits of said City subject to
taxation, a tax of One Dollar and Fifty Five G1.55) Cents on each One Hundred
Dollars (0100.00) assessed valuation of property, said tax being so levied and
apportioned to the specific purposes herein set forth.
(a) For the maintenance and support of the general govern-
ment including current expenses and for general improve-
ments of said City and its property, known as the General
Fund, sixty cents (600) on each One Hundred Dollars
(;p100.00) assessed valuation of all taxable property, and
(b) For the purpose of laying out, opening, constructing, re-
pairing and improving the roads, bridges, and streets within the
limits of said City, known as the Street Fund, fifteen cents
(150) on each One Hundred Dollars (4100.00) assessed valuation
of all taxable property, and
(c) For current expenses in maintaining, improving and beautify-
ing public parks and cemeteries, and maintaining and improv-
ing public playgrounds, knoim as the Park Fund, twelve cents
(120) on each One Hundred Dollars ( 100.00) assessed valuation
of all taxable property, and
(d) For current expense for the purpose of establishing, providing,
maintaining, and operating; a public library, or libraries,
within said City, known as the Library Fund, three cents (30)
on each One Hundred Dollars ($100.00) assessed valuation of
all taxable property, and
(e) For the purpose of paying interest and principal for the re-
demption of bonds heretofore legally issued by the said City,
known as the Interest and Sinking Fund, Sixty Five cents (650)
on each One Hundred Dollars 100.00) assessed valuation of
all taxable property.
SECTION 2. There is hereby leviad and there shall be collected from every
person, firm, association or corporation pursuing any occupation taxed by the
General Laws of the State of Texas, an annual occupation tax equal in each instance
to one-half of the State Occupation Tax, which said taxes shall be paid annually
in advance except where otherwise provided by the State Laws, in which event, the
same may be paid as is provided by the State Law.
SECTION 3. All monies collected under this ordinance for the specific
items herein named, be and the same are hereby appropriated and set apart for the
specific purpose indicated in each item, and that the Assessor and Collector of
Taxes, the City Treasurer and the City Clerk shall keep these accounts so as to
readily and distinctly show the amount collected, the amounts expended and the
amount on hand at any time, belonging to such funds, it is hereby made the duty of
the Tax Assessor and Collector of Taxes and every person collecting money for the
City of A Chita Falls, Texas, to deliver to the City Treasurer and the City Clerk
at the time of depositing any monies a statement showing to what fund such deposit
should be made and from what source received. All receipts for the City not
specifically apportioned by this ordinance or any other existing ordinance are
hereby made payable to the General Fund of the City.
SECTION 4. That this ordinance shall take effect and be in force from and
Page 2.
after its passage.
1
PASSED AND APPROVED this the day of 195et
Mayor
ATTEST:
i
City Clerk