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/;/ 1 ~ 1 /'fu r ~) ~, I ,J.. AN ORDINANCE LEVYING TAXES FOR THE USE AND SUPPORT OF THE MUNICIPAL GOVERNMENT OF THE CITY OF SAN MARCOS, TEXAS, AND TO PROVIDE A SINKING FUND FOR THE RETIREMENT OF THE BONDED DEBT OF SAID CITY SECTION 1 BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF SAN MARCOS: I I SECTION 2 SECTION 3 SECTION 4 I There is hereby levied for the year 1962, upon all property, real, personal and mixed, not exempt from taxation by the Constitution and laws of the State of Texas, situated within the corporated 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 Sink ing Fund for the reti rement of the bonded debt of said City, and to provide for perinanent inipr.ovements::in said City, a tax of Two Dollars ($2.00) on each One Hundred Dolla rs 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 Sixty- Four Cents ($1.64) on each One Hundred Dollars of valuation of such property, and; b To provide for a Sinking Fund for the payment of the principal and interest and the retirement of the bonded debt, as the same shall become due, Thirty- Six Cents ($.36) on each One Hundred Dollars of valuation of such property, or so much thereof, or so much more, if any, os shall be necessary to pay the principal and interest for the current year. 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 the State of Texas, on annual occupation tax equal in each instance to one-half (1/2) of the State Occupation Tax, which tax sholl be paid annually, in advance, except as otherwise provided by State Low, in which event such tax sholl be levied, collected, and paid as is pro- vided by State Low, the amount thereoF not in any event to exceed one-holf (1/2) of the State Occupation Tax, as afore- said. 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 the some ore expended. All monies collected which are nct specifically appropriated sholl be deposited into the General Fund. PASSED, APPROVED, AND ADOPTED this 8th day of May A.D., 1962. (li/)), ~ I/i) I '\ ' . \'-~Y J, y,Z /1'--/ C. M. Allen, Mayor ATTEST: (/ /I ) ~..L((;?7"0 (/. /~<:{_ George C. Reed City Secretary ~