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Ord 3733 9/23/1980 di s ORDINANCE NO. d /m 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 1980-81 AND APPORTIONING EACH LEVY FOR THE SPECIFIC PURPOSE AND PROVIDING FOR THE ASSESSMENT OF 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, THAT: SECTION 1. That there be assessed, levied and collected on all taxable property in the City of Wichita Falls, Texas, for the year 1980 and following, to-wit: $ . 585 on each $100. 00 assessed valuation of 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 and its property. $. 165 on each $100. 00 assessed valuation of all taxable property in the City for the purpose of paying interest and principal for the redemption of bonds legally issued by said City. RECAPITULATION OF RATE $0. 585 for General Fund $0. 165 for Interest and Sinking Fund Total levy for 1980 -- $0. 75 per $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 occupa- tions named in the Charter, Ordinances and 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. 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 23rd day of September, 1980. A•• _ _M A Y O R R ATTEST: City Clerk -2