Ordinance 1971-14
ORDINANCE NO. 74-/f-
AN ORDINANCE FIXING THE TAX RATE AND LEVY IN AND FOR THE CITY
OF WYLIE, TEXAS, FOR THE YEAR 1971, UPON ALL TAXABLE PROPERTY
IN SAID CITY OF WYLIE, TEXAS, FOR THE PURPOSE OF PAYING THE
CURRENT EXPENSES OF SAID CITY FOR THE FISCAL YEAR ENDING ON
SEPTEMBER 30, 1972, AND THE FURTHER PURPOSE OF CREATING AN
INTEREST AND SINKING FUND TO RETIRE THE PRINCIPAL AND INTEREST
OF THE BONDED INDEBTEDNESS OF SAID CITY, PROVIDING THAT IN
THE EVENT ANY PROVISION OF THIS ORDINANCE BE HELD UNCONSTITUTIONAL
AND INVALID THAT SUCH HOLDING SHALL NOT AFFECT THE REMAINING
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 herby levied for the year 1971, upon all
the real porperty situated within the corporate limits of said
City of Wylie, Texas, and upon all personal property which was
owned within the corporate limits of said City of Wylie, Texas,
on the first day of January A. D. 1971, except so much thereof
as may be exempt by the Constitution 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
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 One and
20/100 ($1.20) Dollars on each One Hundred ($100.00) Dollars
of assessed valuation of said taxable property is hereby levied
for the year 1971, to pay the current operating expenses of
said City of Wylie, Texas, for the fiscal year ending on
September 30, 1972, which tax, when collected, shall be appro-
priated 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 Thirty
T$0.30) Cents on each One Hundred ($100.00) Dollars of assessed
valuation of said taxable property is hereby levied for the
year 1971, for the purpose of creating an Interest and Sinking
Fund with which to pay the Interest and retire the Prinicipal
of the valid bonded indebtedness of the City of Wylie, Texas,
now outstanding, and such tax when collected, shall be approp-
riated and deposited to the credit of the Interest and Sinking
Fund of the City of Wylie, Texas.
SECTION 4: In the event any provision of this Ordinance shall
be held unconstitutional and invalid by a court of competent
jurisdiction, the same shall not affect the remaining provisions
thereof.
SECTION 5: All Ordinances and parts of which are in conflict
with any of the provisions of this Ordinance are hereby
expressly repealed.
SECTION 6: This Ordinance shall be in full force and effect
October 1, 1971, and notice of such enactment shall be published
on one occasion in some newspaper of general circulation in
the City of Wylie, Texas, within ten (10) days of its passage.
PASSED AND APPROVED AND ORDERED PUBLISHED BY THE CITY COUNCIL
OF THE CITY OF \VYLIE, TEXAS, THIS THE / /..,/ DAY OF SEPTEMBER,
1971. '
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C. ~.i'Ha7K ;;:;-~ ~--.
Mayor
ATTEST:
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