Ord 1983-048 - Laserfiche WebLink

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B. To provide for a sinking fund for the pay- ment of the principal and interest and the retirement of the bonded debt, as the same shall become due six cents ( 06<;:) on each one hundred dollars ($100) of the taxable value of such property, or so much thereof, or so much more, if any, as shall be necessary to pay the principal and interest of the current year. SECTION 3. That there is hereby levied and there shall be collected from every person, firm, association or corporation pursuing any occupation taxed by the general laws of Texas an annual occupation tax equal in each instance to one-half (1/2) of the state occupation tax, which tax shall be paid annually in advance except as otherwise provided by state law, in which event such tax shall be levied, collected, and paid as is provided by state law, the amount thereof not in any event to exceed one-half (1/2) of the state occupation tax as aforesaid. SECTION 4. The director of finance shall keep accurate and complete records of all monies collected under this Ordinance and of the purposes for which same are expended. SECTION 5. That monies collected pursuant to this Ordinance shall be expended as set forth in the City of San Marcos Program and Budget 1983-1984. SECTION 6. That all monies collected which are not specifically appropriated shall be deposited in the general fund. SECTION 7. That the importance of this Ordinance creates an emergency and an imperative purpose necessary that the provisions of the Charter requiring that ordinances shall be read at three separate meetings and that no ordinance shall become effective until the expiration of ten (10) days following the date of its final passage be suspended, and these provisions are hereby sus- pended, and this Ordinance shall take effect and be in full force and effect from and after its adoption and publication in a news- paper of general circulation within the City. PASSED, APPROVED AND ADOPTED day of September , 1983. Attest ~$. grh-rc~ Emmie Craddock Mayor ~. Womack City Secretary Approved: OU-~.& Charles W. Chapman Acting City Attorney Published in the DAILY RECORD September 28, 1983.