Ordinance 1985-55
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AN ORDINANCE FIXING THE TAX RATE AND LEVY IN AND FOR THE
CITY OF WYLIE TEXAS, FOR THE YEAR 1984, 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. 1985, 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
PUIJL I Cf~'r IOr-l.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WYLIE,
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SECTION 1. There is hereby levied for the fiscal year 1985,
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. 1985, except
so much thereof as may be exempt by the Constitution of laws
of the State of Texas, a total tax of Forty-Nine Cents
(SO.49), on each One Hundred (S100.00) Dollars of assessed
valu.';\ti.on on all of !:.".did pr"CJpE~r..ty \^,ihich said toti:!l ti:i}: heJ~E'\
now levied dS dforesdid is respectively dS follows:
SECTION 2. An ad valorem tax of and at the rate of Forty-
Five Cents (SO.45), on edch One Hundred Dolldrs (S100.00) of
assessed valuation of said taxable property is hereby levied
for the year 1985, 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, 1986, 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 Four
Cents (SO.04) on each One Hundred (S100.00) Dollars of
assessed valuation of said taxable property is hereby levied
for the year of 1985, 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
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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 thereof.
SECTION 6. This Ordinance shall be ln tull force and
effective October 1, 1985, 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 the 10th day of
September, 1985.
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John W. Akin, Mayor
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