Ordinance 1988-02
?8l0
895
18969
ORDI8ANCE NO.
CERTIFICATE
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AN ORDINAHCE FIXING THE TAX RATE AND LEVY IN AND
FOR THE CITY OF WYLIE, TEXAS FOR THE YEAR 1987,
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, 1988, AND THE FURTHER PURPOSE
OF CREATING A SINKING FUND TO RETIRE THE PRINCIPAL
AND INTEREST OF THE BONDED INDEBTEDNESS OF SAID
CITY: PROVIDING FOR A LIEN ON ALL REAL AND
PERSONAL PROPERTY TO SECURE PAYMENT OF TAXES
DUE THEREON: PROVIDING THAT IN THE EVENT ANY
PROVISIONS OF THIS ORDINAHCE BE HELD
UNCONSTITUTIONAL AND THAT SUCH HOLDING SHALL NOT
AFFECT THE REMAINING PROVISIONS THEREOF:
REPEALING ALL ORDINANCES AND PARTS THEREOF IN
CONFLICT HEREWITH AND PROVIDING FOR PUBLICATION.
WHEREAS, and election was held on January 16, 1988 in the
City of wylie, Texas to repeal the tax iaczease
set forth in ordinance 87-50, and
WHEREAS, the results of the election was for a rollback of
the tax rate set on September 22, 1987 to a total
rate of Fifty (.50) cents on each One Hundred
($100.00) Dollars of assessed valuation on all
said property in City,
NOW THEREFORE, BE IT ORDAINED BY ~HE CITY COUNCIL OF THE
CITY OF WYLIE, TEXAS:
SECTION 1 There is hereby levied for the fiscal year 1987
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. 1987, except so
much thereof as may be exempt by the Constitution
of laws of the State of Texas, a total tax of
Fifty Cents (0.50), 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-one
Cents (.4105) on each One Hundred ($100.00)
Dollars of assessed valuation of said taxable
property is hereby levied for the year 1987, 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, 1988,
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 Nine cents
(0.0895) on each One Hundred ($100.00) Dollars of
assessed valuation of said taxable property is
hereby levied for the year of 1987, 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,
capital lease payments, and related fees 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
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896
Sinking Fund of the said City of Wylie, Texas for
the fiscal year ending September 30, 1988.
SECTION 4 The City of wylie shall have a lien on all taxable
property located in the City of Wylie to secure
the payment of taxes, penalty interest, and all
costs of collection, assessed, and levied hereby.
SECTION 5 Taxes are payable in Wylie, Texas at the Office of
the Tax-Assessor Collector, Finance Department,
City Hall. The City shall have available all the
rights and remedies provided by law for the
enforcement of the collection of taxes levied
under this ordinance.
SECTION 6 That the tax roll presented to the City Council,
together with any supplements thereto, be and same
are hereby accepted. (See attachment A)
SECTION 7 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 8 All Ordinances and part thereof in conflict with
any of the provisions of -this Oridnance are hereby
expressively thereof.
SECTION 9 The caption of this ordinance to be published one
time in a newpaper having general circulation in
the City of Wylie, Texas, and to become effective
immediately upon its passage and publication.
PASSED AND APPROVED, and ordered published by the City
Council of the City of Wylie, Texas this the 26th day of
January, 1988.
//
~/~
Chuck Trimble, Mayor
ATTEST:
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ANY PROVISION HEREIN WHICH RESTRICTS THE SALE.
RENTAL OR USE OF THE DESCRIBED REAL PROPERTY
BECAUSE OF COLOR OR RACE IS INVAliD AND UNEN-
F~RCEABlE UNDER FEDERAl LAW.
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