Ord 1505 11/7/1949ORDINANCE NO. L
AN ORDINANCE LEVYING, ASSESSING AND FIXING THE TAX RATE FOR TfiE
USE AND SUPPORT OF THE MUNICIPAL GOVERNMENT OF THE CITY OF 4,.TCHITA FALLS,
TEXAS, AND PROVIDING FOR THE INTEREST AND SINKING FUND FORME FISCAL YEAR
1949-50, AND APPORTIONING EACH LEVY FOR THE SPECIFIC PURPOSE, AND PROVIDING
FOR COLLECTION OF ALL ANNUAL OCCUPATION TAXES PROVIDED BY STATE LAW.
Br. IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA
FALLS, TEXAS:
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 forty nine and nineteen hundred fifty, upon all
property, real, personal and mixed, within the corporate limits of said City
subject to taxation, a tax of One Dollar and Thirty 01.30) Cents on each
One Iiundred Dollars ($100.00) 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
government including current expenses and for
general improvements of said City and its
property, known as the General Fund, sixty
cents (600) on each One Hundred Dollars ($100.00)
assessed valuation of all taxable property, and
(b) For the purpose of laying out, opening, con-
structing, repairing 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 beautifying public parks and cemeteries, and
maintaining and improving public playgrounds,
known as the Park Fund, twelve cents (120) on
each One Hundred Dollars ($100.00) assessed
valuation of all taxable property, and
(d) For current expenses for the purpose of establish-
ing, providing, maintaining and operating a public
library, or librarieswithin said City, known as
the Library Fund, thAn bN) on each One Hundred
Dollars U100.00) assessed valuation of all
taxable property, and
(e) For the purpose of paying interest and principal
for the redemption of bonds heretofore legally
issued by the said City, known as the Interest
and Sinking Fund, forty cents (400) on each One
Hundred Dollars (4100.00) assessed valuation of
all taxaole property.
SECTION 2. There is hereby levied 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 rTichita 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 after its passage.
PASaED AND APPROVED this the 'I/ day of November, 1949.
Klayor
ATTEST: iti