Ordinance 1964-03
ORDINANCE NUMBER 64- 3
AN ORDINANCE FIXING THE TAX RATE AND LEVY
IN AND FOR THE CITY OF WYLIE, TEXAS, FOR
THE YEAR 1964, UPON ALL TAXABLE PROPERTY
IN SAID CITY OF WYLIE, TEXAS; FOR THE PUR-
POSE OF PAYING THE CURRENT EXPENSES OF SAID
CITY FOR THE FISCAL YEAR ENDING SEPTEMBER 30,
196!); AND THE FURTHER PURPOSE OF CREATING A
SINKING FUND TO RETIRE THE PRINCIPAL AND
INTEREST OF THE BONDED INDEBTEDNESS OF SAID
CITY PROVIDING THAT IN THE EVENT ANY PRO-
VISIONS OF THIS ORDINANCE BE HELD UNCONSTI-
TUTIONAL AND INVALID THAT SUCH HOLDING SHALL
NOT AFFECT THE REMAINING PROVISIONS HEFUDF;
REPEALING ALL ORDINANCES AND PARTS THERmF
IN CONFLICT H~TH AND PROVIDING FOR
PUBLICATION.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
WYLI E, TEXAS :
Section 1: There is hereby levied for the year 1964,
upon all the real property situated within the corporate
limits of said City of Wylie, Texas, and on all personal
property which was owned within the corporate limits of
said City of Wylie, Texas, on the 1st day of January A. D.
1964; except so much htereof as may be exempt by the Con-
titution and Laws of the State of Texas, a total tax of
One and 50/100 ($1.50) Dollars on each One hundred ($100.00)
Dollars of assessed valuation on all of said property which
slid total tax here now levied as aforesaid is respectively
as follows:
Section 2: An ad valorem tax of and at the rate of
One and 31/100 ($1.31) Dollars of assessed valuation of said
taxable property is hereby levied for the year 1964, for
general city purposes and to pay the current operating
expenses of said City of Wylie, Texas, for the fiscal year
ending September 30, 1965, which tax, when collected, shall
be appropriated to and deposited in 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
Nineteen ($0.19) cents on each One hundred (#100.00) Dollars
of assessed valuation of said taxable property is hereby
levied for the year 1964, for the purpose of creating an
Interest and Sinking Fund with which to pay the interest and
and retire the prinCipal of the valid bonded indebtedness of
the City of Wylie, Texas, now outstanding, and such tax when
collected, shall be appropriated and deposited in and to the
credit of the Interest and Sinking Fund of the said City of
Wylie, Texas.
- 1 -
ORDINANCE NUMBER} 64-3 (Continued)
Section 4: In the event any provision of this Ordi-
nance shall be held unconstitutional and invalid by court
of competent jurisdiction the same shall not affect the
remaining provisions thereof.
Section 5: All ordinances and parts thereof in con-
flict 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, 1964, and notice of such enactment shall
be p~blished 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 8th day of
September, 1964.
ar;w/c~
O. W. HAMPTON, Mayor
ATTEST: "
~L !iJdhrJ
Mrs. Oneida Gallagher, City Secretary