Ordinance 1977-14
ORDINANCE NUMBER 77-14
AN ORDINANCE FIXING THE TAX RATE AND LEVY IN AND FOR THE CITY OF WYLIE, TEXAS, FOR THE
YEAR 1977, UPON ALL TAXABLE PROPERTY IN SAID CITY OF WYLIE, TEXAS, FOR THE PURPOSE OF
PAYING THE CURRENT EXPENSES OF SAID CITY OF THE FISCAL YEAR ENDING SEPTEMBER 30, 1978;
AND THE FURTHER PURPOSE OF CREATING A SINKING FUND TO RETIRE THE PRINCIPAL AND INTEREST
OF THE SONDED INDEBTEDNESS OF SAID CITY; PROVIDING THAT THE EVENT ANY PROVISIONS OF
THIS ORDINANCE BE HELD UNCONSTITIONAL AND THAT SUCH HOLDING SHALL NOT AFFECT THE RE-
MAINING PROVISIONS HEREOF; REPEALING ALL ORDINANCES AND PARTS THEREOF IN CONFLICT
HEREWITH AND PROVIDING FOR PUBLICATION.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS;
SECTION 1: There is hereby levied for the fiscal year 1977, upon all real property
situated within the corporate limits of said City of Wylie, Texas, and on all per-
sonal property which was owned within the corporate limits of said City of Wylie,
Texas, on the 1st. day of Janurary A. D. 1977, except so much thereof as may be
exempt by the Constitution and laws of the State of Texas, a total tax of One and
10/100 (1.10) Dollars on each One Hundred (100.00) Dollars of assessed valuation on
all of said property which said total tax here now levied as aforesaid is respectively
as follows:
SECTION 2: An ad valorem tax of and at the rate of Ninty-four (.94) Cents on each
One Hundred Dollars of assessed valuation of said taxable property is hereby levied
for the year 1977, for the general city purposed and to pay the current operating
expenses of said City of Wylie, Texas, for the fiscal year ending September 30, 1978,
which tax, when collected shall be appropriated to and to the credit of the General
Fund of said City of Wylie, Texas.
SECTION 3: An ad valorem tax of and at the rate of Sixteen (.16) Cents on each One
Hundred (100.00) Dollars of assessed valuation of said taxable property is hereby
levied for the year of 1977, for the purpose of creating an Interest and Sinking
Fund with which to pay the interest and retire the principal of the valid bonded
indebtedness of the City of Wylie, Texas, now outstanding, and such tax when collect-
ed shall be appropriated and deposited in and to the credit of the Interest and
Sinking Fund of the said City of Wylie, Texas.
SECTION 4: In the event any provision of this Ordinance shall be held unconstitu-
tional and invalid by court of competent jurisdiction the same shall not affect the
remaining provisions thereof.
SECTION 5: All Ordinances and part thereof in conflict with any of the provisions
of this Ordinance are hereby expressively repealed.
SECTION 6: This Ordinance shall be in full force and effect October 1, 1977, and
notice of such enactment shall be published on one occasion in some newspaper of
general circulation in the City of Wylie, Texas, within 10 days of the passage.
PASSED AND APPROVED, and ordered published by the City Council of the City of Wylie,
Texas, this 12th. day of September, 1977.
)J i&au f )j;Jci!-It~'
William E. Martin Mayor
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Bar ara E1~c'~cretary
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