05081962 Regular Meeting - Laserfiche WebLink

Home Browse Search

I I I ~ J~g AN ORDINANCE LEVYING TAXES FOR THE USE AND SUPPORT OF THE MUNICIPAL GOVERNMENr OF THE CITY OF SAN MARCOS, TEXAS, AND TO PROVIDE A SINKING FUND FOR THE RETIRE- MEN!' OF THE BONDED DEBT OF ASArD CITY. BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF SAN MARCOS I SECTION 1. 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 this State, situated within the corporate 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 ($L.OO) 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 witl a. For the payment of current expenses and to be depos- ited in the General Fund, One Dollar and Sixty-Four Cents (1.64) on each One Hundred Dollars of valuat- ion 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, as shall be necessary to pay the principal and interest for 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 the State of Texas an annual occupation tax equal in each instance to one-half (t) 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 (t) of the State Occupation Tax, as aforesaid. SECTION 3. All monies anticipated for collection tinder 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 same are expended. SECTION 4. All monies collected which are not specifically appropriated shall be deposited into the Zeneral Fund PASSED, APPROVED AND ADOPTED this the ~day of May, A. D.., 1962 , 1!.J. /ff\ aiR f /0-1 ~r ATTEST I ~fd rfZ A~ City Secretary