Ord 1972-026 - Laserfiche WebLink

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1972 - 26 D AN ORDINANCE LEVYING TAXES FOR THE USE 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: I SECTION 1. There is hereby levied for the year 1972, upon al I property, real, personal and mixed, not exempt from taxation by fh~ ~onsfitu~ion and 1aws of this State, situaied ~ithin'the corporate I imits of said City of San Marcos, Texas, and there shall be ~ollected, 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 Doliars and No One-hundredths ($2,00) on each One Hundred Dollars of valuation of property a~ 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 Dol tar and Sixty-six Cents ($1.66) on each One Hundred Dollars of valuation of such property; and b, To provide for a Sinking Fund for the payment of the principal and intere~t and the re~ire- ment of the bonded debt, as the same shalt become due, Thirty-four Cents ($.34) ~n each 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 th,e pI" i nc ipa I and interest of the current year. SECTION\2. T~ere is hereby levied and there shal I be collected from ever'y person, firm, assoc i at i on or corporat i on pursu i ng 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 shal I 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 (!) of the State Occupation Tax, as aforesaid. I SECTION 3. AI I monies anticipated for collection under this ordinance shal I be indicated as revenue and expenditures by the City Manager in the preparation of the annual budget; and the City Treasurer shal I keep accurate and complete records of all monies collected under this ordinance and of the purposes for which same are expended. SECTION 4. AI I monies collected which are not specifically appropriated shal I be deposited in the General Fund.