Ordinance 1978-25
ORDINANCE # 78-25
AN ORDINANCE FIXING THE TAX RATE AND LEVY IN AND FOR THE CITY OF WYLIE,
TEXAS, FOR THE YEAR 1978, UPON ALL TAXABLE PROPERTY IN SAID CITY OF
WYLIE, TEXAS, FOR THE PRUPOSE OF PAYING THE CURRENT EXPENSES OF SAID
CITY OF THE FISCAL YEAR ENDING SEPTEMBER 30, 1979; 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 PROVISIONS OF THIS ORDINANCE BE HELD UNCONSTITUTIONAL AND 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 hereby levied for the fiscal year 1978, upon all
real property 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 1st day of
January A.D. 1978, 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 tax-
able property is hereby levied for the year 1978, 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, 1979, 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 1978, 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 collected 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
unconstitutional 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 effective October
1, 1978, 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.
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PASSED AND APPROVED, and ordered published by the City Council of
the City of Wylie, Texas, this 12th day of September, 1978.
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// John W. Akin, Mayor
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ATTEST:
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Sarah A. Connelly, City Secretary
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