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AN ORDINANCE LEVYING TAXES FOR THE mSE AND SUPPORT OF THE MUNICIPAL GOVERNMENT OF THE CITY OF SAN MARCOS, TEXAS; PROVIDING A SINKING FUND FOR THE RETIREMENT OF THE BONDED DEBT OF SAID CITY; AND DECLARING AN EMERGENCY I BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS: SECTION 1. There is hereby levied for the year 1971, upon all property, real, personal and mixed, not e~empt from taxation by the constitution and laws of this Sta~e, situated within the cor- porate limits of said City of San Marcos, Texas, and there shall be collected, for the use and support of the municipal government of said City of San Marcos, Texas, to provide a sinking Fund for the retirement of the bonded debt of said City, and to provide for permanent improvements in said City, a tax of Two Dollars and No One-hundredths ($2.00) on each One Hundred Dollars of valuation of property as aforesaid; and said tax, so levied and collected, shall be apportioned to the specific purposes hereinafter set forth, to-wit: a. For the payment of current expenses and to be deposited in the General Fund, One Dollar and Seventy-one Cents ($1.71) on each One Hundred Dollars of valuation of such property; and I b. To provide for a Sinking Fund for the payment of the principal and inter~~t and'the r~tir~- ment of the bonded debt, as the 's~me shall ~~- come due, Twenty-nine Cents ($.29) onea6h One Hundred Dollars of valuation of such prop- erty, or so much thereof, or so much more, if any, as shall be necessary to pay the princi- pal and interest of the current year. SECTION 2. 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 of one-half (!) of the State Occupation Tax , which tax shall be paid annually in advance, except as other- wise provided by State Law, in which event such tax shall be levied, collected and paid as is provided by State Law, the amount thereof npt in any event to exceed one-half (!) of the State Occupation Tax, as aforesaid. SECTION 3. All monies anticipated for collection under this ordinance shall be indicated as revenue and expenditures by the City Manager in the preparation of the annual budget; and the City Treasurer shall keep accurate and complete records of all monies collected under this ordinance and of the purposes for which same are expended. I SECTION 4. All monies collected which are not specifically appropriated shall be deposited in the General Fund.