Ordinance 1981-11
ORDINANCE # 81-11
AN ORDINANCE FIXING THE TAX RATE AND LEVY IN AND FOR THE CITY OF WYLIE,
TEXAS, FOR THE YEAR 1981, 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, 1981, AND THE FURTHER PURPOSE OF CREATING
A SINKING FUND TO RETIRE THE PRINCIPAL AND INTEREST OF THE BONDED INDEBTED-
NESS 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 1981, 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. 1981, except
so much thereof as may be exempt by the Constitution and laws of the State
of Texas, a total tax of Forty-Eight Cents ($.48), on each One Hundred
($100.00) Dollars of assessed valuation on all of said property which said
total tax here now levied as aforesaid is respectively as follows:
SECTION 2. An ad valorem tax of and at the rate of Forty-Three Cents
($.43), on each One Hundred Dollars ($100.00) of assessed valuation of
said taxable property is hereby levied for the year 1981, for the general
city purposes and to pay the current operating expenses of said City of
Wylie, Texas, for the fiscal year ending September 30, 1982, which tax,
when collected shall be appropriated to and for the credit of the General
Fund of said City of Wylie, Texas.
SECTION 3. An ad valorem tax of and at the rate of Five Cents ($.05) on
each One Hundred ($100.00) Dollars of assessed valuation of said taxable
property is hereby levied for the year of 1981, 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.
LSV:cr
II.
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 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, 1981, 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 ord7red publishe,d by ,the City Council of the City
I} () It-- C, / /.
of Wylie, Texas this [<,I' day of ~,)t~/}!e/J'l IJe r ,1981.
I
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Gail Wallace, City Secretary
LSV:cr
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THE WYLIE NEWS
P. O. BOX 369
WYLIE, TEXAS 75098
STATE, OF TEXAS I
CCUNTY OF CCLLIN I
Before me, the undersirned author:! ty, on this dpy '''e'-sonally
appeared ro1argaret Cook, of the ~vylie News, e neWSryBrp-r revu-
larly nublidhed in Collin County, Texes and having general
circulat~on In Collin County, Texas, who heinf by me duly
S\'Jorn, denoses anr1 sP.ys thet the f-rfoinf at,tachE...1 ORDINANCE
# 81-12, ORDINANCE It 81-10, RESCl,lJTION 1QPO-81-q-1,
ORDINANCE # ~1-11, an~ INVITATION TO BID, WAS nublished ~n
said ne1\iSnaner on the fn 11m,,; ng- ['ate, to ;,r-j t: October P, 1 QR1.
m~~
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Subscribed and sworn to before me t' is the
da:r of ~,r , 1QP1, to certify vrhich
witness my hand and seel of office.
Puhlic -in and
County, Texas
Serving Wideawake Wylie Since 1947
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